Rhumbline Advisers Grows Holdings in Broadridge Financial Solutions, Inc. $BR

Rhumbline Advisers boosted its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 2.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 271,055 shares of the business services provider’s stock after acquiring an additional 7,353 shares during the period. Rhumbline Advisers owned 0.23% of Broadridge Financial Solutions worth $64,557,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. First Horizon Corp purchased a new position in shares of Broadridge Financial Solutions during the 3rd quarter valued at $25,000. NewSquare Capital LLC raised its holdings in Broadridge Financial Solutions by 89.5% during the second quarter. NewSquare Capital LLC now owns 108 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 51 shares during the period. Guerra Advisors Inc purchased a new position in shares of Broadridge Financial Solutions in the third quarter valued at about $29,000. Bank of Jackson Hole Trust lifted its position in shares of Broadridge Financial Solutions by 110.3% in the second quarter. Bank of Jackson Hole Trust now owns 122 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 64 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of Broadridge Financial Solutions by 85.1% in the second quarter. Caitong International Asset Management Co. Ltd now owns 124 shares of the business services provider’s stock worth $30,000 after acquiring an additional 57 shares during the period. 90.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on BR shares. Morgan Stanley decreased their target price on Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Raymond James Financial reiterated an “outperform” rating and set a $257.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, February 3rd. Needham & Company LLC dropped their target price 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. UBS Group reduced their price target 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. Finally, Weiss Ratings downgraded shares of Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 6th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $247.71.

Insider Activity

In other Broadridge Financial Solutions news, President Christopher John Perry sold 3,984 shares of Broadridge Financial Solutions stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $226.00, for a total transaction of $900,384.00. Following the completion of the transaction, the president directly owned 44,829 shares of the company’s stock, valued at $10,131,354. The trade was a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert N. Duelks sold 253 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $192.60, for a total transaction of $48,727.80. Following the transaction, the director owned 20,815 shares in the company, valued at $4,008,969. This trade represents a 1.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 14,451 shares of company stock valued at $3,290,773 in the last ninety days. Insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions Price Performance

BR stock opened at $170.51 on Friday. Broadridge Financial Solutions, Inc. has a 52 week low of $163.71 and a 52 week high of $271.91. The firm has a market capitalization of $19.91 billion, a P/E ratio of 18.88 and a beta of 0.97. The company has a fifty day simple moving average of $213.79 and a two-hundred day simple moving average of $231.09. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.93.

Broadridge Financial Solutions (NYSE:BR) last announced its 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. The firm 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 revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.56 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.320-9.580 EPS. Analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Company 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.