Broadridge Financial Solutions, Inc. $BR Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC lifted its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 8.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,929 shares of the business services provider’s stock after purchasing an additional 5,966 shares during the quarter. ProShare Advisors LLC’s holdings in Broadridge Financial Solutions were worth $11,910,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of BR. Vise Technologies Inc. lifted its holdings in shares of Broadridge Financial Solutions by 13.2% during the third quarter. Vise Technologies Inc. now owns 7,882 shares of the business services provider’s stock valued at $1,270,000 after purchasing an additional 919 shares in the last quarter. MGO One Seven LLC bought a new stake in Broadridge Financial Solutions in the 3rd quarter worth about $205,000. Americana Partners LLC purchased a new position in Broadridge Financial Solutions in the 3rd quarter worth about $249,000. State of Wyoming purchased a new position in Broadridge Financial Solutions in the 3rd quarter worth about $309,000. Finally, Canopy Partners LLC purchased a new position in Broadridge Financial Solutions in the 3rd quarter worth about $514,000. 90.03% of the stock is owned by institutional investors.

Insider Activity at Broadridge Financial Solutions

In other news, VP Thomas Carey sold 2,501 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $159.76, for a total value of $399,559.76. Following the transaction, the vice president owned 8,800 shares in the company, valued at $1,405,888. This represents a 22.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Weiss Ratings raised shares of Broadridge Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. UBS Group reissued a “neutral” rating and set a $180.00 price objective on shares of Broadridge Financial Solutions in a report on Monday, August 17th. DA Davidson restated a “buy” rating and set a $214.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, October 27th. Royal Bank Of Canada increased their price objective on shares of Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an “outperform” rating in a research report on Monday, August 31st. Finally, Morgan Stanley raised their target price on shares of Broadridge Financial Solutions from $169.00 to $176.00 and gave the stock an “equal weight” rating in a report on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $216.00.

Broadridge Financial Solutions Stock Down 0.5%

Broadridge Financial Solutions stock opened at $183.34 on Wednesday. The stock has a market cap of $20.70 billion, a PE ratio of 19.06 and a beta of 0.90. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.24 and a current ratio of 1.24. Broadridge Financial Solutions, Inc. has a one year low of $133.83 and a one year high of $233.10. The stock has a fifty day moving average of $171.62 and a 200 day moving average of $166.21.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Tuesday, November 3rd. The business services provider reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.19. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Broadridge Financial Solutions had a return on equity of 40.25% and a net margin of 15.04%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the firm posted $1.51 earnings per share. As a group, sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current year.

Broadridge Financial Solutions News Summary

Here are the key news stories impacting Broadridge Financial Solutions this week:

• Positive Sentiment: Adjusted EPS of $1.56 beat the $1.37 analyst consensus, while revenue of $1.67 billion topped expectations of $1.65 billion and rose 5% year over year. Recurring revenue increased 11%, and closed sales grew 10% to $36 million. Broadridge Reports First Quarter Fiscal 2027 Results
• Positive Sentiment: Broadridge reaffirmed fiscal 2027 guidance, including 6%–8% constant-currency recurring-revenue growth and 8%–12% adjusted EPS growth, offering support for the growth outlook. Broadridge: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: The NYSE selected Broadridge to provide on-chain shareholder governance and digital transfer-agent services for its planned tokenized-securities platform. The initiative could create opportunities in digital asset services, but is subject to regulatory approval. Broadridge to Bring OnChain Governance and Digital Transfer Agency to NYSE Platform
• Negative Sentiment: Profitability was weaker: operating income fell 8% and adjusted operating income declined 9%, with adjusted operating margin narrowing to 13.8% from 15.8%. GAAP diluted EPS dropped to $0.83 from $1.40, while the company cited pressure from event-driven revenues. BR’s Q1 Earnings Beat Estimates on Strong Recurring Revenue Growth

Broadridge Financial Solutions Profile

Broadridge Financial Solutions, Inc (NYSE: BR) is a financial technology and business services company that provides communications, data, and technology solutions to financial institutions, public companies, and investors. Its services support the administration and communication of financial information across the investment lifecycle.

The company’s offerings include investor communications, proxy and corporate governance services, securities processing, trade and portfolio management, and technology platforms for wealth and investment management firms.