State of New Jersey Common Pension Fund D Acquires 3,730 Shares of Broadridge Financial Solutions, Inc. $BR

State of New Jersey Common Pension Fund D boosted its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 10.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,472 shares of the business services provider’s stock after buying an additional 3,730 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Broadridge Financial Solutions were worth $9,401,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BR. New York State Common Retirement Fund raised its stake in Broadridge Financial Solutions by 14.6% during the 3rd 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 purchasing an additional 12,024 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Broadridge Financial Solutions by 37.1% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,769 shares of the business services provider’s stock valued at $4,708,000 after acquiring an additional 5,346 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its stake in 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 purchasing an additional 43,494 shares in the last quarter. Addenda Capital Inc. boosted its holdings in shares of Broadridge Financial Solutions by 28.6% during the 3rd quarter. Addenda Capital Inc. now owns 67,152 shares of the business services provider’s stock valued at $16,049,000 after purchasing an additional 14,942 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its position in shares of Broadridge Financial Solutions by 62.5% during the second quarter. Parkside Financial Bank & Trust now owns 689 shares of the business services provider’s stock valued at $167,000 after purchasing an additional 265 shares in the last quarter. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Insiders Place Their Bets

In other news, VP Thomas P. Carey sold 10,214 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $229.26, for a total transaction of $2,341,661.64. Following the transaction, the vice president directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert N. Duelks sold 253 shares of Broadridge Financial Solutions stock in a transaction that occurred 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 sale, the director directly owned 20,815 shares of the company’s stock, valued at $4,008,969. This represents a 1.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

BR has been the subject of a number of research reports. Raymond James Financial reissued an “outperform” rating and set a $257.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. decreased their price objective on Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. Wall Street Zen downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Needham & Company LLC reduced their price target on shares of Broadridge Financial Solutions from $305.00 to $255.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. Finally, Weiss Ratings downgraded shares of Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 6th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $247.71.

Broadridge Financial Solutions Stock Performance

Shares of NYSE:BR opened at $174.29 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $20.35 billion, a price-to-earnings ratio of 19.30 and a beta of 0.97. Broadridge Financial Solutions, Inc. has a 12 month low of $163.71 and a 12 month high of $271.91. The firm’s 50-day moving average is $210.54 and its 200 day moving average is $229.29.

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

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.