Broadridge Financial Solutions, Inc. $BR Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lessened its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 4.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,780 shares of the business services provider’s stock after selling 3,242 shares during the period. Public Employees Retirement System of Ohio owned 0.05% of Broadridge Financial Solutions worth $15,500,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC purchased a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at about $580,000. B. Riley Wealth Advisors Inc. grew its position in shares of Broadridge Financial Solutions by 2.8% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 2,222 shares of the business services provider’s stock valued at $504,000 after purchasing an additional 61 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Broadridge Financial Solutions in the fourth quarter worth $25,233,000. Lansforsakringar Fondforvaltning AB publ purchased a new position in Broadridge Financial Solutions in the 4th quarter valued at about $9,385,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Broadridge Financial Solutions by 4.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 20,258 shares of the business services provider’s stock worth $4,580,000 after acquiring an additional 865 shares during the period. 90.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey sold 84,571 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $259.53, for a total value of $21,948,711.63. Following the sale, the chief executive officer owned 165,634 shares in the company, valued at approximately $42,986,992.02. This trade represents a 33.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Christopher John Perry sold 7,036 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $262.72, for a total value of $1,848,497.92. Following the transaction, the president owned 48,813 shares of the company’s stock, valued at approximately $12,824,151.36. This represents a 12.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 147,532 shares of company stock valued at $38,417,208. 1.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BR shares. Morgan Stanley raised their target price on shares of Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 6th. Needham & Company LLC increased their price objective on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Finally, UBS Group increased their price target on Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a “neutral” rating in a report on Friday, August 8th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $261.50.

Broadridge Financial Solutions Trading Down 0.5%

NYSE BR opened at $234.86 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98. Broadridge Financial Solutions, Inc. has a one year low of $208.20 and a one year high of $271.91. The company has a 50-day simple moving average of $252.53 and a 200-day simple moving average of $242.20. The firm has a market capitalization of $27.51 billion, a PE ratio of 33.13 and a beta of 0.96.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Tuesday, August 5th. The business services provider reported $3.55 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.04. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the prior year, the business earned $3.50 earnings per share. Broadridge Financial Solutions’s quarterly revenue was up 6.2% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. On average, equities analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, September 11th. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.88. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 55.01%.

Broadridge Financial Solutions Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry. The company's Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services; and distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions.