Mitsubishi UFJ Asset Management Co. Ltd. Buys 149,756 Shares of Broadridge Financial Solutions, Inc. $BR

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 8.6% in the third quarter, HoldingsChannel reports. The fund owned 1,901,022 shares of the business services provider’s stock after acquiring an additional 149,756 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Broadridge Financial Solutions were worth $452,766,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Sumitomo Life Insurance Co. acquired a new stake in Broadridge Financial Solutions during the 3rd quarter worth approximately $1,284,000. Second Half Financial Partners LLC increased its position in Broadridge Financial Solutions by 5.1% during the 3rd quarter. Second Half Financial Partners LLC now owns 2,104 shares of the business services provider’s stock worth $501,000 after buying an additional 102 shares during the period. First Heartland Consultants Inc. boosted its position in shares of Broadridge Financial Solutions by 7.4% in the third quarter. First Heartland Consultants Inc. now owns 2,511 shares of the business services provider’s stock valued at $598,000 after acquiring an additional 172 shares during the period. Counterpoint Mutual Funds LLC acquired a new position in shares of Broadridge Financial Solutions in the third quarter valued at about $313,000. Finally, Mufg Securities Americas Inc. raised its stake in Broadridge Financial Solutions by 21.4% in the 3rd quarter. Mufg Securities Americas Inc. now owns 3,159 shares of the business services provider’s stock worth $752,000 after purchasing an additional 556 shares in the last quarter. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Trading Down 0.3%

Shares of BR opened at $177.32 on Thursday. Broadridge Financial Solutions, Inc. has a 52-week low of $163.71 and a 52-week high of $271.91. The business’s fifty day moving average is $204.31 and its 200-day moving average is $225.93. 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 firm has a market cap of $20.70 billion, a price-to-earnings ratio of 19.64 and a beta of 0.97.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Tuesday, February 3rd. The business services provider reported $1.59 earnings per share 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 during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the company earned $1.56 EPS. Broadridge Financial Solutions’s revenue for the quarter 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 analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on BR shares. DA Davidson restated a “buy” rating and set a $228.00 target price on shares of Broadridge Financial Solutions in a research report on Tuesday, February 10th. Needham & Company LLC reduced their price target on Broadridge Financial Solutions from $305.00 to $255.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. JPMorgan Chase & Co. lowered their price objective on Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. Morgan Stanley dropped their price objective on Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Finally, UBS Group cut their target price on Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating for the company in a research report on Thursday, November 13th. Four equities 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $247.71.

Insider Buying and Selling

In related news, VP Thomas P. Carey sold 10,214 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $229.26, for a total value of $2,341,661.64. Following the completion of the transaction, the vice president owned 6,026 shares of the company’s stock, valued at $1,381,520.76. This represents a 62.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert N. Duelks sold 253 shares of the firm’s stock in a transaction that occurred on 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 $4,008,969. This represents a 1.20% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is owned by corporate insiders.

About Broadridge Financial Solutions

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.