California Public Employees Retirement System Sells 74,328 Shares of Broadridge Financial Solutions, Inc. $BR

California Public Employees Retirement System trimmed its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 17.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 360,365 shares of the business services provider’s stock after selling 74,328 shares during the quarter. California Public Employees Retirement System’s holdings in Broadridge Financial Solutions were worth $85,828,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in BR. First Horizon Corp acquired a new position in shares of Broadridge Financial Solutions in the third quarter valued at approximately $25,000. Guerra Advisors Inc acquired a new stake in Broadridge Financial Solutions during the 3rd quarter worth approximately $29,000. ORG Partners LLC boosted its position in Broadridge Financial Solutions by 57.4% during the 3rd quarter. ORG Partners LLC now owns 181 shares of the business services provider’s stock worth $44,000 after buying an additional 66 shares during the period. Bank of Jackson Hole Trust grew its holdings in Broadridge Financial Solutions by 50.0% during the 3rd quarter. Bank of Jackson Hole Trust now owns 183 shares of the business services provider’s stock worth $44,000 after acquiring an additional 61 shares during the last quarter. Finally, Osterweis Capital Management Inc. acquired a new position in Broadridge Financial Solutions in the 2nd quarter valued at approximately $48,000. 90.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Raymond James Financial reiterated an “outperform” rating and set a $257.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, February 3rd. Weiss Ratings downgraded Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 6th. DA Davidson reaffirmed a “buy” rating and set a $228.00 target price on shares of Broadridge Financial Solutions in a research report on Tuesday, February 10th. Wall Street Zen downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Needham & Company LLC cut their target price 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. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $247.71.

Insider Transactions at Broadridge Financial Solutions

In other news, Director Robert N. Duelks sold 253 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $192.60, for a total value of $48,727.80. Following the completion of the sale, the director directly owned 20,815 shares in the company, valued at $4,008,969. This trade represents a 1.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Timothy C. Gokey bought 5,300 shares of Broadridge Financial Solutions stock in a transaction dated Friday, March 6th. The stock was purchased at an average price of $194.49 per share, with a total value of $1,030,797.00. Following the completion of the purchase, the chief executive officer owned 142,876 shares in the company, valued at $27,787,953.24. This trade represents a 3.85% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.10% of the stock is owned by corporate insiders.

Broadridge Financial Solutions Stock Performance

NYSE:BR opened at $178.25 on Tuesday. The company has a fifty day moving average of $193.87 and a 200-day moving average of $218.86. The firm has a market capitalization of $20.81 billion, a P/E ratio of 19.74 and a beta of 0.98. 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, Inc. has a twelve month low of $163.71 and a twelve month high of $271.91.

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

Broadridge Financial Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Monday, March 16th will be issued a dividend of $0.975 per share. The ex-dividend date is Monday, March 16th. This represents a $3.90 annualized dividend and a dividend yield of 2.2%. Broadridge Financial Solutions’s dividend payout ratio is currently 43.19%.

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.