Broadridge Financial Solutions, Inc. $BR Shares Bought by Andra AP fonden

Andra AP fonden lifted its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 96.5% during the second quarter, HoldingsChannel.com reports. The firm owned 170,757 shares of the business services provider’s stock after purchasing an additional 83,857 shares during the period. Andra AP fonden’s holdings in Broadridge Financial Solutions were worth $23,385,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Reflection Asset Management acquired a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at about $25,000. Nemes Rush Group LLC acquired a new position in Broadridge Financial Solutions during the fourth quarter worth about $27,000. Security National Bank of SO Dak purchased a new position in Broadridge Financial Solutions in the second quarter valued at about $26,000. Markowski Investments purchased a new position in Broadridge Financial Solutions in the second quarter valued at about $27,000. Finally, Bell Investment Advisors Inc acquired a new stake in shares of Broadridge Financial Solutions during the 2nd quarter valued at approximately $29,000. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Price Performance

Shares of NYSE BR traded down $0.63 on Tuesday, hitting $163.99. The company’s stock had a trading volume of 180,984 shares, compared to its average volume of 1,394,562. The stock has a 50 day moving average of $166.38 and a 200-day moving average of $159.50. The company has a market capitalization of $18.70 billion, a price-to-earnings ratio of 17.05 and a beta of 0.90. Broadridge Financial Solutions, Inc. has a 12-month low of $133.83 and a 12-month high of $241.99. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.24 and a quick ratio of 1.24.

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

Broadridge Financial Solutions Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, September 3rd. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. This represents a $4.36 annualized dividend and a yield of 2.7%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 45.32%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Morgan Stanley boosted their price target on Broadridge Financial Solutions from $169.00 to $176.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Broadridge Financial Solutions in a report on Friday, August 7th. Royal Bank Of Canada boosted their target price on Broadridge Financial Solutions from $225.00 to $226.00 and gave the stock an “outperform” rating in a research report on Monday, August 31st. Finally, UBS Group reissued a “neutral” rating and issued a $180.00 target price on shares of Broadridge Financial Solutions in a report on Monday, August 17th. 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 company has an average rating of “Moderate Buy” and a consensus target price of $216.00.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc (NYSE:BR) is a global financial technology company that provides technology, communications and data solutions to financial services firms, public companies and other organizations. Its services support critical business processes across the financial markets, including investor communications, securities processing, capital markets operations and wealth management.

The company’s offerings include proxy and regulatory communications, shareholder communications, trading and operations platforms, portfolio and order management tools, and technology for banks, broker-dealers, asset managers and wealth managers.