D.B. Root & Company LLC Takes $464,000 Position in Broadridge Financial Solutions, Inc. $BR

D.B. Root & Company LLC purchased a new position in Broadridge Financial Solutions, Inc. (NYSE:BR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,386 shares of the business services provider’s stock, valued at approximately $464,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Strs Ohio lifted its holdings in Broadridge Financial Solutions by 25.8% during the 1st quarter. Strs Ohio now owns 48,787 shares of the business services provider’s stock valued at $7,927,000 after buying an additional 9,996 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in Broadridge Financial Solutions in the 1st quarter valued at about $4,211,000. Empowered Funds LLC grew its stake in Broadridge Financial Solutions by 29.9% in the 1st quarter. Empowered Funds LLC now owns 48,430 shares of the business services provider’s stock worth $7,869,000 after acquiring an additional 11,152 shares in the last quarter. UNIVEST FINANCIAL Corp bought a new position in Broadridge Financial Solutions in the 1st quarter worth about $8,227,000. Finally, New Age Alpha Advisors LLC increased its position in shares of Broadridge Financial Solutions by 51.6% during the fourth quarter. New Age Alpha Advisors LLC now owns 36,911 shares of the business services provider’s stock worth $8,237,000 after acquiring an additional 12,569 shares during the period. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Broadridge Financial Solutions

In other news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions stock in a transaction 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 transaction, the insider directly owned 1 shares in the company, valued at approximately $155. This trade represents a 99.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BR. UBS Group reaffirmed a “neutral” rating and set a $180.00 price target on shares of Broadridge Financial Solutions in a research note on Monday, August 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research note on Friday, August 7th. DA Davidson reduced their price objective on Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Royal Bank Of Canada lifted their target price on Broadridge Financial Solutions from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Finally, Needham & Company LLC lowered their target price on Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating for the company in a report on Friday, May 1st. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $215.86.

Broadridge Financial Solutions Trading Down 0.0%

NYSE:BR opened at $182.12 on Monday. Broadridge Financial Solutions, Inc. has a one year low of $133.83 and a one year high of $264.10. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market cap of $20.77 billion, a P/E ratio of 18.93 and a beta of 0.87. The firm has a 50-day simple moving average of $152.70 and a 200-day simple moving average of $160.27.

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

Broadridge Financial Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Thursday, September 3rd will be given a dividend of $1.09 per share. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $4.36 annualized dividend and a yield of 2.4%. Broadridge Financial Solutions’s payout ratio is 45.32%.

Broadridge Financial Solutions Company 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.