Zurcher Kantonalbank Zurich Cantonalbank Sells 3,909 Shares of Broadridge Financial Solutions, Inc. $BR

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 9.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 37,625 shares of the business services provider’s stock after selling 3,909 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Broadridge Financial Solutions were worth $8,397,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Barclays PLC lifted its position in shares of Broadridge Financial Solutions by 0.7% during the third quarter. Barclays PLC now owns 1,972,799 shares of the business services provider’s stock worth $469,862,000 after purchasing an additional 14,631 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Broadridge Financial Solutions by 14.6% during the third quarter. New York State Common Retirement Fund now owns 94,567 shares of the business services provider’s stock worth $22,523,000 after purchasing an additional 12,024 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Broadridge Financial Solutions by 46.8% during the third quarter. JPMorgan Chase & Co. now owns 918,700 shares of the business services provider’s stock worth $218,807,000 after purchasing an additional 292,801 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Broadridge Financial Solutions by 27.3% during the fourth quarter. Nordea Investment Management AB now owns 290,717 shares of the business services provider’s stock worth $65,260,000 after purchasing an additional 62,273 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Broadridge Financial Solutions by 37.1% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,769 shares of the business services provider’s stock worth $4,708,000 after purchasing an additional 5,346 shares in the last quarter. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Down 2.9%

NYSE:BR opened at $155.93 on Friday. Broadridge Financial Solutions, Inc. has a 12-month low of $150.10 and a 12-month high of $271.91. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $18.21 billion, a P/E ratio of 17.27 and a beta of 1.01. The stock’s fifty day simple moving average is $171.02 and its 200-day simple moving average is $203.21.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly 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. Broadridge Financial Solutions had a return on equity of 40.70% and a net margin of 14.86%.The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the company earned $1.56 EPS. The firm’s 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. Equities research analysts expect that Broadridge Financial Solutions, Inc. will post 9.46 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Monday, March 16th were given a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, March 16th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 43.19%.

Insider Buying and Selling

In related news, Director Robert N. Duelks sold 253 shares of the 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 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 legal filing with the SEC, which is available at this link. Also, CEO Timothy C. Gokey purchased 5,300 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was purchased at an average price of $194.49 per share, for a total transaction of $1,030,797.00. Following the completion of the transaction, the chief executive officer directly 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. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on BR. Needham & Company LLC restated a “buy” rating and set a $255.00 target price on shares of Broadridge Financial Solutions in a research report on Monday, April 6th. DA Davidson restated a “buy” rating and set a $228.00 target price on shares of Broadridge Financial Solutions in a research report on Wednesday. Raymond James Financial restated an “outperform” rating and set a $257.00 target price on shares of Broadridge Financial Solutions in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. dropped their target price on Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. Finally, Weiss Ratings downgraded Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 6th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Broadridge Financial Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $247.71.

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.