Paladin Partners LLC Acquires Shares of 3,080 Broadridge Financial Solutions, Inc. $BR

Paladin Partners LLC acquired a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,080 shares of the business services provider’s stock, valued at approximately $422,000.

Several other institutional investors have also modified their holdings of the company. Reflection Asset Management purchased a new position in Broadridge Financial Solutions in the fourth quarter valued at $25,000. Nemes Rush Group LLC purchased a new stake in Broadridge Financial Solutions during the 4th quarter worth about $27,000. Prosperity Bancshares Inc purchased a new stake in Broadridge Financial Solutions during the 4th quarter worth about $28,000. Bell Investment Advisors Inc acquired a new position in shares of Broadridge Financial Solutions during the 2nd quarter worth about $29,000. Finally, WPG Advisers LLC boosted its position in shares of Broadridge Financial Solutions by 77.5% during the 4th quarter. WPG Advisers LLC now owns 142 shares of the business services provider’s stock worth $32,000 after acquiring an additional 62 shares in the last quarter. 90.03% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Hope M. Jarkowski sold 1,966 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $155.00, for a total value of $304,730.00. Following the completion of the sale, the insider directly owned 1 shares of the company’s stock, valued at approximately $155. This represents a 99.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on BR shares. Needham & Company LLC cut their target price on Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Royal Bank Of Canada upped their price target on Broadridge Financial Solutions from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. DA Davidson cut their price objective on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. UBS Group reissued a “neutral” rating and set a $180.00 price objective on shares of Broadridge Financial Solutions in a report on Monday. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Broadridge Financial Solutions in a report on Friday, August 7th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $215.86.

Broadridge Financial Solutions Stock Performance

Shares of BR stock opened at $167.92 on Tuesday. The stock’s 50-day moving average is $150.30 and its two-hundred day moving average is $160.91. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.24 and a current ratio of 1.24. Broadridge Financial Solutions, Inc. has a 1 year low of $133.83 and a 1 year high of $265.37. The firm has a market cap of $19.15 billion, a price-to-earnings ratio of 17.46 and a beta of 0.87.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share for the quarter, beating the consensus estimate of $3.76 by $0.06. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.17 billion. Broadridge Financial Solutions had a return on equity of 40.25% and a net margin of 15.04%.The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business earned $3.55 EPS. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. Analysts predict that Broadridge Financial Solutions, Inc. will post 10.54 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Thursday, September 3rd will be paid a $1.09 dividend. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. This represents a $4.36 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Thursday, September 3rd. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 45.32%.

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.