Broadridge Financial Solutions, Inc. $BR Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. lessened its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 3.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 8,030 shares of the business services provider’s stock after selling 303 shares during the period. QRG Capital Management Inc.’s holdings in Broadridge Financial Solutions were worth $1,952,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. acquired a new stake in Broadridge Financial Solutions in the 1st quarter valued at approximately $217,000. CWA Asset Management Group LLC increased its holdings in Broadridge Financial Solutions by 6.8% in the 1st quarter. CWA Asset Management Group LLC now owns 1,370 shares of the business services provider’s stock valued at $332,000 after purchasing an additional 87 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in Broadridge Financial Solutions in the 1st quarter valued at approximately $29,000. Sequoia Financial Advisors LLC increased its holdings in Broadridge Financial Solutions by 9.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 1,153 shares of the business services provider’s stock valued at $279,000 after purchasing an additional 101 shares during the last quarter. Finally, Triangle Securities Wealth Management acquired a new stake in Broadridge Financial Solutions in the 2nd quarter valued at approximately $784,000. Institutional investors and hedge funds own 90.03% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Timothy C. Gokey sold 5,674 shares of the business’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $258.37, for a total value of $1,465,991.38. Following the completion of the sale, the chief executive officer directly owned 143,285 shares of the company’s stock, valued at $37,020,545.45. The trade was a 3.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Christopher John Perry sold 7,036 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $262.72, for a total transaction of $1,848,497.92. Following the completion of the sale, the president directly owned 48,813 shares of the company’s stock, valued at approximately $12,824,151.36. This trade represents a 12.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 147,532 shares of company stock valued at $38,417,208. 1.10% of the stock is owned by corporate insiders.

Broadridge Financial Solutions Stock Performance

Shares of BR stock opened at $236.71 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.04. The firm has a fifty day moving average price of $250.76 and a 200 day moving average price of $242.62. The company has a market cap of $27.63 billion, a P/E ratio of 33.39 and a beta of 0.95. Broadridge Financial Solutions, Inc. has a 12 month low of $208.20 and a 12 month high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Tuesday, August 5th. The business services provider reported $3.55 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.04. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the previous year, the company earned $3.50 earnings per share. Broadridge Financial Solutions’s quarterly revenue was up 6.2% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. Sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were given a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 1.6%. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Thursday, September 11th. Broadridge Financial Solutions’s dividend payout ratio is presently 55.01%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BR shares. Weiss Ratings restated a “buy (b)” rating on shares of Broadridge Financial Solutions in a research note on Saturday, September 27th. Wall Street Zen upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Saturday. Morgan Stanley boosted their price target on shares of Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. UBS Group boosted their price target on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a “neutral” rating in a research note on Friday, August 8th. Finally, Needham & Company LLC boosted their price target on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $261.50.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry. The company's Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services; and distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions.