Sumitomo Life Insurance Co. Makes New Investment in Broadridge Financial Solutions, Inc. $BR

Sumitomo Life Insurance Co. acquired a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) during the third quarter, Holdings Channel.com reports. The fund acquired 5,391 shares of the business services provider’s stock, valued at approximately $1,284,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. CX Institutional increased its stake in Broadridge Financial Solutions by 2.8% during the 3rd 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 period. Signaturefd LLC grew its stake in shares of Broadridge Financial Solutions by 2.2% during the third quarter. Signaturefd LLC now owns 2,090 shares of the business services provider’s stock valued at $498,000 after acquiring an additional 45 shares in the last quarter. Strategic Blueprint LLC increased its position in shares of Broadridge Financial Solutions by 5.6% during the third quarter. Strategic Blueprint LLC now owns 880 shares of the business services provider’s stock worth $210,000 after acquiring an additional 47 shares during the last quarter. PAX Financial Group LLC lifted its stake in shares of Broadridge Financial Solutions by 5.6% in the second quarter. PAX Financial Group LLC now owns 926 shares of the business services provider’s stock worth $225,000 after acquiring an additional 49 shares in the last quarter. Finally, TD Waterhouse Canada Inc. boosted its holdings in Broadridge Financial Solutions by 3.6% in the second quarter. TD Waterhouse Canada Inc. now owns 1,457 shares of the business services provider’s stock valued at $357,000 after purchasing an additional 50 shares during the last quarter. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Broadridge Financial Solutions

In related news, VP Thomas P. Carey sold 10,214 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $229.26, for a total value of $2,341,661.64. Following the sale, the vice president owned 6,026 shares of the company’s stock, valued at approximately $1,381,520.76. This trade represents a 62.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert N. Duelks sold 253 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $192.60, for a total value of $48,727.80. Following the transaction, the director owned 20,815 shares of the company’s stock, valued at $4,008,969. This represents a 1.20% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on BR. Needham & Company LLC dropped their price objective on Broadridge Financial Solutions from $305.00 to $255.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. DA Davidson restated a “buy” rating and issued a $228.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday, February 10th. Weiss Ratings cut shares of Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 6th. UBS Group decreased their price objective on shares of Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating for the company in a report on Thursday, November 13th. Finally, Wall Street Zen downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Broadridge Financial Solutions currently has an average rating of “Moderate Buy” and an average price target of $247.71.

Broadridge Financial Solutions Stock Performance

Broadridge Financial Solutions stock opened at $183.14 on Friday. 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, Inc. has a 12 month low of $163.71 and a 12 month high of $271.91. The company has a fifty day moving average price of $203.44 and a two-hundred day moving average price of $225.64. The company has a market cap of $21.38 billion, a PE ratio of 20.28 and a beta of 0.97.

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

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.