Broadridge Financial Solutions, Inc. $BR Shares Purchased by Nordea Investment Management AB

Nordea Investment Management AB grew its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 27.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 290,717 shares of the business services provider’s stock after acquiring an additional 62,273 shares during the period. Nordea Investment Management AB owned about 0.25% of Broadridge Financial Solutions worth $65,260,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BR. CX Institutional boosted its holdings in Broadridge Financial Solutions by 2.8% in the third quarter. CX Institutional now owns 1,633 shares of the business services provider’s stock valued at $389,000 after purchasing an additional 44 shares during the last quarter. Signaturefd LLC increased its holdings in Broadridge Financial Solutions by 2.2% during the 3rd quarter. Signaturefd LLC now owns 2,090 shares of the business services provider’s stock worth $498,000 after purchasing an additional 45 shares during the last quarter. Strategic Blueprint LLC increased its holdings in Broadridge Financial Solutions by 5.6% during the 3rd quarter. Strategic Blueprint LLC now owns 880 shares of the business services provider’s stock worth $210,000 after purchasing an additional 47 shares during the last quarter. TD Waterhouse Canada Inc. raised its position in shares of Broadridge Financial Solutions by 3.6% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,457 shares of the business services provider’s stock valued at $357,000 after purchasing an additional 50 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Broadridge Financial Solutions by 4.0% in the 3rd quarter. Blue Trust Inc. now owns 1,286 shares of the business services provider’s stock valued at $306,000 after purchasing an additional 50 shares in the last quarter. 90.03% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Broadridge Financial Solutions

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Needham & Company LLC decreased their price target on shares of Broadridge Financial Solutions from $305.00 to $255.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Raymond James Financial reaffirmed an “outperform” rating and issued a $257.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, February 3rd. DA Davidson reiterated a “buy” rating and set a $228.00 price objective on shares of Broadridge Financial Solutions in a research note on Tuesday, February 10th. Wall Street Zen lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Weiss Ratings downgraded shares of Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 6th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $247.71.

Broadridge Financial Solutions Price Performance

Shares of BR opened at $170.43 on Tuesday. The firm has a market cap of $19.90 billion, a price-to-earnings ratio of 18.87 and a beta of 0.98. The stock has a 50 day moving average of $189.12 and a 200-day moving average of $216.09. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.93. Broadridge Financial Solutions, Inc. has a 52 week low of $163.71 and a 52 week high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Tuesday, February 3rd. The business services provider reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the company posted $1.56 EPS. The business’s 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, analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Monday, March 16th will be given a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Monday, March 16th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 43.19%.

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.