Wealthfront Advisers LLC Trims Stock Holdings in Broadridge Financial Solutions, Inc. $BR

Wealthfront Advisers LLC reduced its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 44.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 8,039 shares of the business services provider’s stock after selling 6,327 shares during the period. Wealthfront Advisers LLC’s holdings in Broadridge Financial Solutions were worth $1,306,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Reflection Asset Management bought a new position in Broadridge Financial Solutions in the 4th quarter valued at $25,000. Nemes Rush Group LLC bought a new stake in shares of Broadridge Financial Solutions during the fourth quarter worth $27,000. Prosperity Bancshares Inc purchased a new stake in shares of Broadridge Financial Solutions during the fourth quarter valued at $28,000. WPG Advisers LLC boosted its stake in shares of Broadridge Financial Solutions by 77.5% during the fourth quarter. WPG Advisers LLC now owns 142 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 62 shares during the period. Finally, DV Equities LLC bought a new position in shares of Broadridge Financial Solutions in the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on BR. DA Davidson reduced their price target on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Weiss Ratings cut shares of Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Needham & Company LLC dropped their target price on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. UBS Group reduced their target price on shares of Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of Broadridge Financial Solutions in a research note on Monday, June 22nd. 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 company presently has an average rating of “Moderate Buy” and an average target price of $221.57.

Broadridge Financial Solutions Trading Down 3.4%

NYSE BR opened at $144.89 on Wednesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $16.76 billion, a price-to-earnings ratio of 15.51 and a beta of 0.89. The company’s 50-day simple moving average is $146.12 and its two-hundred day simple moving average is $168.39. Broadridge Financial Solutions, Inc. has a one year low of $133.83 and a one year high of $271.91.

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

Broadridge Financial Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were paid a $0.975 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $3.90 dividend on an annualized basis and a yield of 2.7%. Broadridge Financial Solutions’s payout ratio is 41.76%.

Insider Buying and Selling

In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,966 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $155.00, for a total transaction of $304,730.00. Following the completion of the sale, the insider owned 1 shares in the company, valued at $155. This represents a 99.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by company insiders.

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.