Broadridge Financial Solutions, Inc. $BR Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC lifted its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 45.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,592 shares of the business services provider’s stock after purchasing an additional 3,924 shares during the period. NEOS Investment Management LLC’s holdings in Broadridge Financial Solutions were worth $2,999,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. First Horizon Corp purchased a new stake in shares of Broadridge Financial Solutions in the 3rd quarter valued at approximately $25,000. NewSquare Capital LLC grew its position in Broadridge Financial Solutions by 89.5% in the 2nd quarter. NewSquare Capital LLC now owns 108 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 51 shares in the last quarter. Guerra Advisors Inc purchased a new stake in Broadridge Financial Solutions during the third quarter worth about $29,000. Bank of Jackson Hole Trust lifted its position in shares of Broadridge Financial Solutions by 110.3% during the second quarter. Bank of Jackson Hole Trust now owns 122 shares of the business services provider’s stock worth $30,000 after purchasing an additional 64 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Broadridge Financial Solutions by 85.1% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 124 shares of the business services provider’s stock worth $30,000 after buying an additional 57 shares in the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Down 1.1%

BR opened at $176.21 on Friday. Broadridge Financial Solutions, Inc. has a one year low of $163.71 and a one year high of $271.91. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market capitalization of $20.57 billion, a P/E ratio of 19.51 and a beta of 0.97. The business’s 50-day simple moving average is $208.45 and its 200-day simple moving average is $228.57.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Tuesday, February 3rd. The business services provider reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter last year, the business posted $1.56 EPS. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2026 guidance at 9.320-9.580 EPS. Analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price objective on Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. UBS Group cut their price target on Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating on the stock in a report on Thursday, November 13th. Raymond James Financial reiterated an “outperform” rating and issued a $257.00 price objective on shares of Broadridge Financial Solutions in a research note on Tuesday, February 3rd. DA Davidson restated a “buy” rating and set a $228.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, February 10th. Finally, Weiss Ratings cut shares of Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 6th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Broadridge Financial Solutions presently has an average rating of “Moderate Buy” and an average price target of $247.71.

Insiders Place Their Bets

In other news, Director Robert N. Duelks sold 253 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $192.60, for a total transaction of $48,727.80. Following the completion of the sale, the director owned 20,815 shares in the company, valued at approximately $4,008,969. This represents a 1.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas P. Carey sold 10,214 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $229.26, for a total value of $2,341,661.64. Following the sale, the vice president owned 6,026 shares of the company’s stock, valued at $1,381,520.76. This trade represents a 62.89% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is owned by corporate insiders.

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.