Broadridge Financial Solutions, Inc. (NYSE:BR) Sees Significant Increase in Short Interest

Broadridge Financial Solutions, Inc. (NYSE:BR) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 3,296,703 shares, a growth of 23.1% from the February 12th total of 2,677,578 shares. Approximately 2.9% of the company’s stock are sold short. Based on an average daily trading volume, of 1,323,788 shares, the short-interest ratio is presently 2.5 days. Based on an average daily trading volume, of 1,323,788 shares, the short-interest ratio is presently 2.5 days. Approximately 2.9% of the company’s stock are sold short.

Broadridge Financial Solutions Price Performance

Shares of NYSE BR traded down $0.94 during midday trading on Tuesday, reaching $177.65. The stock had a trading volume of 496,205 shares, compared to its average volume of 1,299,645. The company has a market capitalization of $20.74 billion, a price-to-earnings ratio of 19.67 and a beta of 0.98. Broadridge Financial Solutions has a 12-month low of $163.71 and a 12-month high of $271.91. The stock has a 50-day moving average of $193.87 and a 200-day moving average of $218.86. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.97 and a current ratio of 0.97.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Tuesday, February 3rd. The business services provider reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.25. The company had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.61 billion. Broadridge Financial Solutions had a net margin of 14.86% and a return on equity of 40.70%. Broadridge Financial Solutions’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.56 EPS. 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 will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Monday, March 16th will be given a dividend of $0.975 per share. The ex-dividend date is Monday, March 16th. This represents a $3.90 annualized dividend and a dividend yield of 2.2%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 43.19%.

Insider Activity at Broadridge Financial Solutions

In related news, Director Robert N. Duelks sold 253 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $192.60, for a total value of $48,727.80. Following the transaction, the director directly owned 20,815 shares of the company’s stock, valued at approximately $4,008,969. This represents a 1.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Timothy C. Gokey bought 5,300 shares of Broadridge Financial Solutions stock in a transaction on Friday, March 6th. The stock was acquired at an average cost of $194.49 per share, with a total value of $1,030,797.00. Following the acquisition, the chief executive officer owned 142,876 shares in the company, valued at approximately $27,787,953.24. This represents a 3.85% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC bought a new position in shares of Broadridge Financial Solutions during the fourth quarter worth $580,000. Empowered Funds LLC lifted its stake in Broadridge Financial Solutions by 41.5% in the 1st quarter. Empowered Funds LLC now owns 3,957 shares of the business services provider’s stock worth $959,000 after purchasing an additional 1,160 shares in the last quarter. Woodline Partners LP grew its position in shares of Broadridge Financial Solutions by 6.9% during the first quarter. Woodline Partners LP now owns 9,886 shares of the business services provider’s stock valued at $2,397,000 after purchasing an additional 635 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Broadridge Financial Solutions by 480.8% in the first quarter. Acadian Asset Management LLC now owns 2,544 shares of the business services provider’s stock worth $616,000 after purchasing an additional 2,106 shares during the last quarter. Finally, AE Wealth Management LLC increased its holdings in shares of Broadridge Financial Solutions by 19.9% in the second quarter. AE Wealth Management LLC now owns 1,485 shares of the business services provider’s stock worth $361,000 after purchasing an additional 246 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Weiss Ratings cut shares of Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 6th. Wall Street Zen cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Needham & Company LLC decreased their target price on shares of 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. Finally, Raymond James Financial reissued an “outperform” rating and set a $257.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, February 3rd. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $247.71.

About Broadridge Financial Solutions

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.