Rhumbline Advisers Purchases 7,353 Shares of Broadridge Financial Solutions, Inc. $BR

Rhumbline Advisers grew its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 2.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 271,055 shares of the business services provider’s stock after buying an additional 7,353 shares during the quarter. Rhumbline Advisers’ holdings in Broadridge Financial Solutions were worth $64,557,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of BR. Norges Bank purchased a new position in Broadridge Financial Solutions during the 2nd quarter valued at $123,812,000. Vanguard Group Inc. increased its stake in Broadridge Financial Solutions by 2.0% in the second quarter. Vanguard Group Inc. now owns 15,031,420 shares of the business services provider’s stock worth $3,653,086,000 after purchasing an additional 298,273 shares during the period. Rakuten Investment Management Inc. bought a new stake in shares of Broadridge Financial Solutions during the third quarter worth $41,635,000. Bank of America Corp DE boosted its stake in shares of Broadridge Financial Solutions by 24.2% during the second quarter. Bank of America Corp DE now owns 850,904 shares of the business services provider’s stock valued at $206,795,000 after purchasing an additional 165,965 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Broadridge Financial Solutions by 4.3% in the second quarter. Geode Capital Management LLC now owns 3,292,241 shares of the business services provider’s stock worth $797,031,000 after purchasing an additional 136,386 shares during the last quarter. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Price Performance

NYSE BR opened at $170.51 on Friday. The company has a market cap of $19.91 billion, a PE ratio of 18.88 and a beta of 0.97. The firm’s 50 day moving average price is $213.79 and its 200-day moving average price is $231.09. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.97 and a current ratio of 0.97. Broadridge Financial Solutions, Inc. has a 52-week low of $163.71 and a 52-week high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Tuesday, February 3rd. The business services provider reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.25. The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.61 billion. Broadridge Financial Solutions had a return on equity of 40.70% and a net margin of 14.86%.Broadridge Financial Solutions’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.56 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.320-9.580 EPS. Sell-side analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BR. Wall Street Zen lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. UBS Group reduced their target price on shares of Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating on the stock in a research report on Thursday, November 13th. Raymond James Financial reiterated an “outperform” rating and issued a $257.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, February 3rd. JPMorgan Chase & Co. reduced their price objective on Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. Finally, Weiss Ratings cut Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 6th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $247.71.

Insider Buying and Selling

In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 10,214 shares of Broadridge Financial Solutions stock in a transaction dated 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 transaction, the vice president owned 6,026 shares in the company, valued at $1,381,520.76. The trade was a 62.89% 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. Also, Director Robert N. Duelks sold 253 shares of the 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 sale, the director directly owned 20,815 shares of the company’s stock, valued at $4,008,969. The trade was a 1.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 14,451 shares of company stock worth $3,290,773 in the last three months. 1.10% of the stock is owned by 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.