Louisiana State Employees Retirement System Takes $959,000 Position in Broadridge Financial Solutions, Inc. $BR

Louisiana State Employees Retirement System bought a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) during the first quarter, Holdings Channel.com reports. The fund bought 5,900 shares of the business services provider’s stock, valued at approximately $959,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. KFG Wealth Management LLC increased its position in shares of Broadridge Financial Solutions by 8.5% in the 1st quarter. KFG Wealth Management LLC now owns 1,897 shares of the business services provider’s stock valued at $308,000 after purchasing an additional 148 shares during the last quarter. Silver Oak Securities Incorporated grew its stake in shares of Broadridge Financial Solutions by 21.6% during the first quarter. Silver Oak Securities Incorporated now owns 2,267 shares of the business services provider’s stock worth $368,000 after purchasing an additional 402 shares in the last quarter. Kestra Private Wealth Services LLC increased its holdings in Broadridge Financial Solutions by 0.5% in the first quarter. Kestra Private Wealth Services LLC now owns 29,048 shares of the business services provider’s stock valued at $4,720,000 after buying an additional 155 shares during the last quarter. Ritholtz Wealth Management raised its stake in Broadridge Financial Solutions by 71.1% in the first quarter. Ritholtz Wealth Management now owns 3,945 shares of the business services provider’s stock valued at $641,000 after buying an additional 1,640 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its stake in Broadridge Financial Solutions by 11.1% in the first quarter. Fifth Third Wealth Advisors LLC now owns 1,959 shares of the business services provider’s stock valued at $318,000 after buying an additional 195 shares in the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Performance

NYSE BR opened at $143.88 on Monday. The firm has a market cap of $16.64 billion, a P/E ratio of 15.40 and a beta of 0.89. Broadridge Financial Solutions, Inc. has a 52-week low of $133.83 and a 52-week high of $271.91. The business’s 50-day moving average price is $147.53 and its 200 day moving average price is $175.07. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.97.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data 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 return on equity of 40.14% and a net margin of 15.03%.The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same period in the prior year, the business earned $2.44 EPS. The firm’s 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. On average, equities research analysts expect that Broadridge Financial Solutions, Inc. will post 9.55 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were paid a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Friday, June 12th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 41.76%.

Analyst Ratings Changes

Several brokerages have recently weighed in on BR. DA Davidson reduced their price objective on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of Broadridge Financial Solutions in a research note on Monday, June 22nd. Needham & Company LLC decreased their price objective on Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating for the company in a report on Friday, May 1st. Weiss Ratings lowered shares of Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Finally, UBS Group cut 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 report on Monday, May 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $221.57.

Insider Activity at Broadridge Financial Solutions

In other news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $155.00, for a total value of $304,730.00. Following the sale, the insider owned 1 shares of the company’s stock, valued at $155. The trade was a 99.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

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.