Walter Public Investments Inc. Reduces Holdings in Broadridge Financial Solutions, Inc. $BR

Walter Public Investments Inc. trimmed its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 7.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,569 shares of the business services provider’s stock after selling 5,100 shares during the quarter. Broadridge Financial Solutions accounts for approximately 2.6% of Walter Public Investments Inc.’s investment portfolio, making the stock its 17th largest position. Walter Public Investments Inc. owned 0.06% of Broadridge Financial Solutions worth $14,633,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Patton Fund Management Inc. boosted its stake in shares of Broadridge Financial Solutions by 5.3% during the fourth quarter. Patton Fund Management Inc. now owns 974 shares of the business services provider’s stock valued at $217,000 after purchasing an additional 49 shares during the period. Great Valley Advisor Group Inc. boosted its stake in shares of Broadridge Financial Solutions by 5.3% during the second quarter. Great Valley Advisor Group Inc. now owns 994 shares of the business services provider’s stock valued at $242,000 after purchasing an additional 50 shares during the period. Modern Wealth Management LLC boosted its stake in shares of Broadridge Financial Solutions by 0.4% during the third quarter. Modern Wealth Management LLC now owns 14,175 shares of the business services provider’s stock valued at $3,376,000 after purchasing an additional 55 shares during the period. Moneta Group Investment Advisors LLC boosted its stake in shares of Broadridge Financial Solutions by 3.9% during the third quarter. Moneta Group Investment Advisors LLC now owns 1,608 shares of the business services provider’s stock valued at $383,000 after purchasing an additional 61 shares during the period. Finally, WPG Advisers LLC boosted its stake in shares of Broadridge Financial Solutions by 77.5% during the fourth quarter. WPG Advisers LLC now owns 142 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 62 shares during the period. 90.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BR shares. Wall Street Zen lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. JPMorgan Chase & Co. lowered their target price on shares of Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Needham & Company LLC lowered their target price on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Royal Bank Of Canada lowered their target price on shares of Broadridge Financial Solutions from $245.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Finally, UBS Group lowered their target price on shares of Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $221.57.

Broadridge Financial Solutions Stock Performance

BR stock opened at $153.47 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.94 and a quick ratio of 0.94. The business has a 50-day moving average price of $156.47 and a 200 day moving average price of $189.99. The company has a market capitalization of $17.75 billion, a P/E ratio of 16.43 and a beta of 0.89. Broadridge Financial Solutions, Inc. has a 1-year low of $139.79 and a 1-year high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Thursday, April 30th. The business services provider reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.09. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.90 billion. Broadridge Financial Solutions had a return on equity of 40.14% and a net margin of 15.03%.The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.44 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. As a group, equities research analysts forecast that Broadridge Financial Solutions, Inc. will post 9.55 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be issued a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, June 12th. Broadridge Financial Solutions’s payout ratio is presently 41.76%.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, CEO Timothy C. Gokey acquired 5,300 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was purchased at an average cost of $194.49 per share, for a total transaction of $1,030,797.00. Following the completion of the acquisition, the chief executive officer directly owned 142,876 shares of the company’s stock, valued at $27,787,953.24. The trade was a 3.85% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by 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.