Sumitomo Life Insurance Co. Invests $1.28 Million in Broadridge Financial Solutions, Inc. $BR

Sumitomo Life Insurance Co. acquired a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,391 shares of the business services provider’s stock, valued at approximately $1,284,000.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Broadridge Financial Solutions by 1.8% in the third quarter. Vanguard Group Inc. now owns 15,296,040 shares of the business services provider’s stock valued at $3,643,058,000 after acquiring an additional 264,620 shares in the last quarter. State Street Corp lifted its holdings in Broadridge Financial Solutions by 0.6% in the 2nd quarter. State Street Corp now owns 5,642,154 shares of the business services provider’s stock valued at $1,376,006,000 after purchasing an additional 35,061 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Broadridge Financial Solutions by 4.3% during the 2nd quarter. Geode Capital Management LLC now owns 3,292,241 shares of the business services provider’s stock worth $797,031,000 after purchasing an additional 136,386 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Broadridge Financial Solutions by 3.6% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,751,266 shares of the business services provider’s stock worth $425,610,000 after purchasing an additional 61,659 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Broadridge Financial Solutions by 2.5% during the second quarter. Invesco Ltd. now owns 1,466,774 shares of the business services provider’s stock worth $356,470,000 after buying an additional 36,355 shares in the last quarter. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Wall Street Analysts Forecast Growth

BR has been the topic of a number of analyst reports. UBS Group decreased their target price on shares of Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating on the stock in a research report on Thursday, November 13th. Weiss Ratings cut Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 6th. Needham & Company LLC dropped their target price on Broadridge Financial Solutions from $305.00 to $255.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. Wall Street Zen downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, DA Davidson restated a “buy” rating and issued a $228.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, February 10th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $247.71.

Broadridge Financial Solutions Price Performance

Shares of Broadridge Financial Solutions stock opened at $183.14 on Friday. The business’s fifty day moving average price is $203.44 and its 200 day moving average price is $225.64. Broadridge Financial Solutions, Inc. has a twelve month low of $163.71 and a twelve month high of $271.91. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $21.38 billion, a P/E ratio of 20.28 and a beta of 0.97.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Tuesday, February 3rd. The business services provider reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.25. Broadridge Financial Solutions had a return on equity of 40.70% and a net margin of 14.86%.The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period last year, the business posted $1.56 EPS. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2026 guidance at 9.320-9.580 EPS. As a group, research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Insider Buying and Selling

In related news, VP Thomas P. Carey sold 10,214 shares of the company’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $229.26, for a total transaction of $2,341,661.64. Following the completion of the sale, the vice president directly owned 6,026 shares of the company’s stock, valued at approximately $1,381,520.76. This represents a 62.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert N. Duelks sold 253 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $192.60, for a total value of $48,727.80. Following the completion of the sale, the director owned 20,815 shares of the company’s stock, valued at approximately $4,008,969. This represents a 1.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions Profile

Broadridge Financial Solutions is a global fintech company that provides technology-driven solutions and outsourcing services to the financial services industry. The firm’s core offerings center on investor communications, securities processing and post-trade services, and technology platforms that support capital markets and wealth management operations. Broadridge positions itself as a provider of mission-critical infrastructure that helps financial institutions manage regulatory requirements, investor engagement and operational complexity.

Products and services include proxy and shareholder communications, investor disclosure and digital communications, proxy voting and tabulation, clearing and settlement support, trade processing and reconciliation, and a range of software-as-a-service platforms for wealth and asset managers.