Axxcess Wealth Management LLC Has $14.43 Million Stock Position in Broadridge Financial Solutions, Inc. $BR

Axxcess Wealth Management LLC lifted its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 135.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 64,642 shares of the business services provider’s stock after purchasing an additional 37,228 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Broadridge Financial Solutions were worth $14,426,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Barclays PLC grew its stake in shares of Broadridge Financial Solutions by 0.7% in the third quarter. Barclays PLC now owns 1,972,799 shares of the business services provider’s stock worth $469,862,000 after purchasing an additional 14,631 shares during the last quarter. New York State Common Retirement Fund boosted its position in Broadridge Financial Solutions by 14.6% during the third quarter. New York State Common Retirement Fund now owns 94,567 shares of the business services provider’s stock valued at $22,523,000 after acquiring an additional 12,024 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Broadridge Financial Solutions by 46.8% during the third quarter. JPMorgan Chase & Co. now owns 918,700 shares of the business services provider’s stock valued at $218,807,000 after purchasing an additional 292,801 shares during the period. Nordea Investment Management AB raised its holdings in shares of Broadridge Financial Solutions by 27.3% during the fourth quarter. Nordea Investment Management AB now owns 290,717 shares of the business services provider’s stock valued at $65,260,000 after purchasing an additional 62,273 shares during the period. Finally, Y Intercept Hong Kong Ltd raised its holdings in shares of Broadridge Financial Solutions by 637.5% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 50,317 shares of the business services provider’s stock worth $11,984,000 after acquiring an additional 43,494 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Broadridge Financial Solutions Stock Up 0.4%

Shares of NYSE:BR opened at $150.55 on Friday. The firm has a fifty day moving average price of $159.25 and a two-hundred day moving average price of $192.47. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.94 and a quick ratio of 0.94. Broadridge Financial Solutions, Inc. has a one year low of $139.79 and a one year high of $271.91. The company has a market cap of $17.41 billion, a price-to-earnings ratio of 16.12 and a beta of 0.89.

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

Broadridge Financial Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be given a dividend of $0.975 per share. The ex-dividend date is Friday, June 12th. This represents a $3.90 annualized dividend and a dividend yield of 2.6%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 41.76%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on BR shares. DA Davidson lowered their target price on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Raymond James Financial reiterated an “outperform” rating and issued a $257.00 price objective on shares of Broadridge Financial Solutions in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. decreased 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. Wall Street Zen lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, 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 research note on Friday, May 1st. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $221.57.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, CEO Timothy C. Gokey acquired 5,300 shares of the stock in a transaction dated Friday, March 6th. The shares were purchased at an average price of $194.49 per share, for a total transaction of $1,030,797.00. Following the transaction, the chief executive officer owned 142,876 shares in the company, valued at $27,787,953.24. This represents a 3.85% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company 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.