State of New Jersey Common Pension Fund D Boosts Holdings in Broadridge Financial Solutions, Inc. $BR

State of New Jersey Common Pension Fund D raised its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 10.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,472 shares of the business services provider’s stock after acquiring an additional 3,730 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Broadridge Financial Solutions were worth $9,401,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of BR. CX Institutional increased its position 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 worth $389,000 after buying an additional 44 shares during the last quarter. Harbour Investments Inc. increased its holdings in Broadridge Financial Solutions by 10.1% in the 2nd quarter. Harbour Investments Inc. now owns 489 shares of the business services provider’s stock worth $119,000 after acquiring an additional 45 shares during the last quarter. Signaturefd LLC increased its holdings in Broadridge Financial Solutions by 2.2% in the 3rd quarter. Signaturefd LLC now owns 2,090 shares of the business services provider’s stock worth $498,000 after acquiring an additional 45 shares during the last quarter. Strategic Blueprint LLC raised its stake in Broadridge Financial Solutions by 5.6% in the 3rd quarter. Strategic Blueprint LLC now owns 880 shares of the business services provider’s stock valued at $210,000 after acquiring an additional 47 shares during the period. Finally, PAX Financial Group LLC lifted its holdings in Broadridge Financial Solutions by 5.6% during the second quarter. PAX Financial Group LLC now owns 926 shares of the business services provider’s stock valued at $225,000 after purchasing an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Insider Activity at Broadridge Financial Solutions

In other news, VP Thomas P. Carey sold 10,214 shares of Broadridge Financial Solutions stock in a transaction that occurred 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 transaction, the vice president directly owned 6,026 shares in the company, valued at approximately $1,381,520.76. This trade represents a 62.89% decrease in their ownership of the stock. The transaction 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 business’s stock in a transaction 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 completion of the sale, the director directly owned 20,815 shares in the company, valued at $4,008,969. This trade represents a 1.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions Price Performance

BR stock opened at $174.29 on Wednesday. The firm has a 50 day simple moving average of $210.54 and a two-hundred day simple moving average of $229.29. The stock has a market cap of $20.35 billion, a PE ratio of 19.30 and a beta of 0.97. Broadridge Financial Solutions, Inc. has a one year low of $163.71 and a one year high of $271.91. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.97 and a quick ratio of 0.97.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Tuesday, February 3rd. The business services provider reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.25. The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Broadridge Financial Solutions had a net margin of 14.86% and a return on equity of 40.70%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the business earned $1.56 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.320-9.580 EPS. On average, analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BR has been the topic of several research reports. Needham & Company LLC lowered their price target on shares of Broadridge Financial Solutions from $305.00 to $255.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. JPMorgan Chase & Co. reduced their price objective on shares of Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. UBS Group lowered 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 report on Thursday, November 13th. Morgan Stanley cut their price target on Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Finally, Weiss Ratings cut Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 6th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Broadridge Financial Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target 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.