University of Texas Texas AM Investment Management Co. Purchases New Stake in Broadridge Financial Solutions, Inc. $BR

University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) in the fourth quarter, Holdings Channel reports. The firm purchased 12,036 shares of the business services provider’s stock, valued at approximately $2,686,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in Broadridge Financial Solutions by 0.7% during the 3rd quarter. Barclays PLC now owns 1,972,799 shares of the business services provider’s stock valued at $469,862,000 after buying an additional 14,631 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Broadridge Financial Solutions by 46.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 918,700 shares of the business services provider’s stock valued at $218,807,000 after buying an additional 292,801 shares during the last quarter. Nordea Investment Management AB raised its holdings in Broadridge Financial Solutions by 27.3% during the 4th quarter. Nordea Investment Management AB now owns 290,717 shares of the business services provider’s stock valued at $65,260,000 after buying an additional 62,273 shares during the last quarter. ICICI Prudential Asset Management Co Ltd bought a new stake in Broadridge Financial Solutions during the 3rd quarter valued at $3,203,000. Finally, SG Americas Securities LLC increased its position in Broadridge Financial Solutions by 467.2% during the 4th quarter. SG Americas Securities LLC now owns 201,791 shares of the business services provider’s stock valued at $45,034,000 after purchasing an additional 166,212 shares during the period. 90.03% of the stock is currently owned by institutional investors.

Broadridge Financial Solutions Stock Down 1.5%

Shares of NYSE BR opened at $142.66 on Tuesday. The firm has a fifty day simple moving average of $153.26 and a two-hundred day simple moving average of $183.89. The firm has a market capitalization of $16.50 billion, a PE ratio of 15.27 and a beta of 0.88. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.97. Broadridge Financial Solutions, Inc. has a 12 month low of $139.79 and a 12 month high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Thursday, April 30th. The business services provider reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.09. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.90 billion. Broadridge Financial Solutions had a net margin of 15.03% and a return on equity of 40.14%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.44 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. Equities analysts expect that Broadridge Financial Solutions, Inc. will post 9.55 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be given a $0.975 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.7%. Broadridge Financial Solutions’s dividend payout ratio is currently 41.76%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BR shares. UBS Group decreased their price objective on shares of Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Needham & Company LLC decreased their price objective on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating for the company in a report on Friday, May 1st. Royal Bank Of Canada decreased their price objective on shares of Broadridge Financial Solutions from $245.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, May 1st. DA Davidson decreased their price objective on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Finally, Weiss Ratings lowered shares of Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $221.57.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, insider Hope M. Jarkowski sold 1,966 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $155.00, for a total value of $304,730.00. Following the sale, the insider directly owned 1 shares of the company’s stock, valued at $155. This represents a 99.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.

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.