Pictet Asset Management Holding SA Has $26.77 Million Holdings in Broadridge Financial Solutions, Inc. $BR

Pictet Asset Management Holding SA boosted its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 151.2% in the first quarter, HoldingsChannel reports. The firm owned 164,722 shares of the business services provider’s stock after acquiring an additional 99,150 shares during the period. Pictet Asset Management Holding SA’s holdings in Broadridge Financial Solutions were worth $26,767,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in BR. Reflection Asset Management bought a new position in Broadridge Financial Solutions during the fourth quarter worth about $25,000. Nemes Rush Group LLC bought a new stake in shares of Broadridge Financial Solutions in the 4th quarter valued at about $27,000. Prosperity Bancshares Inc acquired a new stake in shares of Broadridge Financial Solutions in the 4th quarter valued at approximately $28,000. WPG Advisers LLC raised its position in shares of Broadridge Financial Solutions by 77.5% in the 4th quarter. WPG Advisers LLC now owns 142 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 62 shares during the period. Finally, DV Equities LLC bought a new position in Broadridge Financial Solutions during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 90.03% of the company’s stock.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions stock in a transaction that occurred on 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 directly owned 1 shares in the company, valued at $155. This trade represents a 99.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

BR has been the topic of several analyst reports. Needham & Company LLC cut their target price on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Royal Bank Of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of Broadridge Financial Solutions in a research report on Monday, June 22nd. Weiss Ratings downgraded Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. UBS Group reduced their target price on Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Finally, DA Davidson decreased their target price on Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $221.57.

Broadridge Financial Solutions Trading Up 2.9%

Shares of NYSE:BR opened at $140.93 on Thursday. The firm has a market cap of $16.30 billion, a price-to-earnings ratio of 15.09 and a beta of 0.89. Broadridge Financial Solutions, Inc. has a 12 month low of $133.83 and a 12 month high of $271.91. The company’s fifty day simple moving average is $148.21 and its 200 day simple moving average is $176.27. 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 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.09. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Broadridge Financial Solutions had a return on equity of 40.14% and a net margin of 15.03%.Broadridge Financial Solutions’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.44 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. As a group, research analysts forecast that Broadridge Financial Solutions, Inc. will post 9.55 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be given a dividend of $0.975 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $3.90 dividend on an annualized basis and a yield of 2.8%. Broadridge Financial Solutions’s dividend payout ratio is 41.76%.

Broadridge Financial Solutions 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.