Kayne Anderson Rudnick Investment Management LLC Has $207.82 Million Stock Position in Broadridge Financial Solutions, Inc. $BR

Kayne Anderson Rudnick Investment Management LLC reduced its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.5% in the 1st quarter, HoldingsChannel reports. The firm owned 857,126 shares of the business services provider’s stock after selling 12,674 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in Broadridge Financial Solutions were worth $207,819,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Walleye Capital LLC bought a new position in Broadridge Financial Solutions in the 1st quarter valued at about $2,090,000. Enterprise Financial Services Corp bought a new position in Broadridge Financial Solutions in the 1st quarter valued at about $209,000. Jump Financial LLC raised its holdings in Broadridge Financial Solutions by 1,611.1% in the 1st quarter. Jump Financial LLC now owns 34,565 shares of the business services provider’s stock valued at $8,381,000 after acquiring an additional 32,545 shares during the period. Smartleaf Asset Management LLC raised its holdings in Broadridge Financial Solutions by 7.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 747 shares of the business services provider’s stock valued at $177,000 after acquiring an additional 49 shares during the period. Finally, Bahl & Gaynor Inc. raised its holdings in Broadridge Financial Solutions by 3.4% in the 1st quarter. Bahl & Gaynor Inc. now owns 1,168,351 shares of the business services provider’s stock valued at $283,278,000 after acquiring an additional 38,527 shares during the period. 90.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BR has been the topic of several research analyst reports. Wall Street Zen raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Friday, May 9th. Morgan Stanley increased their price target on shares of Broadridge Financial Solutions from $222.00 to $261.00 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. Needham & Company LLC increased their price target on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Royal Bank Of Canada reissued an “outperform” rating and issued a $259.00 price target on shares of Broadridge Financial Solutions in a report on Monday, May 19th. Finally, UBS Group increased their price target on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a “neutral” rating in a report on Friday, August 8th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $261.50.

Broadridge Financial Solutions Stock Up 0.4%

Shares of BR opened at $261.9980 on Friday. Broadridge Financial Solutions, Inc. has a 12 month low of $206.95 and a 12 month high of $271.91. The firm’s 50 day moving average is $247.47 and its 200-day moving average is $240.57. The stock has a market capitalization of $30.69 billion, a PE ratio of 36.95 and a beta of 0.94. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.04.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Tuesday, August 5th. The business services provider reported $3.55 EPS for the quarter, topping the consensus estimate of $3.51 by $0.04. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period last year, the firm earned $3.50 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. Equities research analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 1.5%. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Thursday, September 11th. Broadridge Financial Solutions’s payout ratio is 49.65%.

Insider Activity

In related news, Director Maura A. Markus sold 3,556 shares of Broadridge Financial Solutions stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $243.08, for a total value of $864,392.48. Following the transaction, the director directly owned 30,892 shares of the company’s stock, valued at $7,509,227.36. This trade represents a 10.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Douglas Richard Deschutter sold 5,056 shares of Broadridge Financial Solutions stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $239.55, for a total transaction of $1,211,164.80. Following the completion of the transaction, the insider directly owned 21,167 shares in the company, valued at $5,070,554.85. This trade represents a 19.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 150,470 shares of company stock valued at $39,026,774. 1.30% of the stock is owned by insiders.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry. The company's Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services; and distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions.