4,952 Shares of Broadridge Financial Solutions, Inc. $BR Purchased by Ninety One UK Ltd

Ninety One UK Ltd acquired a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,952 shares of the business services provider’s stock, valued at approximately $798,000.

Several other institutional investors have also made changes to their positions in BR. BlackRock Inc. purchased a new stake in shares of Broadridge Financial Solutions in the 2nd quarter valued at approximately $1,473,918,000. Jupiter Topco LLC acquired a new position in Broadridge Financial Solutions in the 2nd quarter worth approximately $261,852,000. The Manufacturers Life Insurance Company purchased a new position in Broadridge Financial Solutions during the 2nd quarter worth approximately $197,921,000. Bank of New York Mellon Corp purchased a new position in Broadridge Financial Solutions during the 2nd quarter worth approximately $101,738,000. Finally, Legal & General Group Plc purchased a new position in Broadridge Financial Solutions during the 2nd quarter worth approximately $99,172,000. 90.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on BR. Royal Bank Of Canada raised 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. Morgan Stanley upped their price target on Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. Weiss Ratings raised Broadridge Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Finally, UBS Group reissued a “neutral” rating and issued a $180.00 price objective on shares of Broadridge Financial Solutions in a research note on Monday, August 17th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Broadridge Financial Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $216.00.

Insider Activity at Broadridge Financial Solutions

In other news, VP Thomas Carey sold 2,501 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $159.76, for a total transaction of $399,559.76. Following the transaction, the vice president directly owned 8,800 shares in the company, valued at $1,405,888. The trade was a 22.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.00% of the stock is currently owned by corporate insiders.

Broadridge Financial Solutions Stock Performance

BR stock opened at $173.96 on Friday. 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 stock has a market cap of $19.64 billion, a P/E ratio of 18.08 and a beta of 0.92. The firm has a 50 day simple moving average of $169.99 and a 200 day simple moving average of $157.78. Broadridge Financial Solutions, Inc. has a 52 week low of $133.83 and a 52 week high of $236.02.

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

Broadridge Financial Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 5th. Stockholders of record on Thursday, September 3rd were issued a dividend of $1.09 per share. The ex-dividend date was Thursday, September 3rd. This represents a $4.36 annualized dividend and a dividend yield of 2.5%. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.9750. Broadridge Financial Solutions’s dividend payout ratio is presently 45.32%.

Broadridge Financial Solutions Profile

Broadridge Financial Solutions, Inc is a financial technology and services company that provides communications, technology and data solutions to financial institutions, public companies and other organizations. Its platforms support critical business processes across investor communications, capital markets, wealth management and corporate governance.

The company’s services include proxy and regulatory communications, shareholder and customer communications, securities processing, trading and operations technology, portfolio and wealth management tools, and governance solutions.