Broadridge Financial Solutions, Inc. $BR Stock: Valley National Advisers Inc. Boosts Stake

Valley National Advisers Inc. grew its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 55.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 13,524 shares of the business services provider’s stock after purchasing an additional 4,846 shares during the quarter. Valley National Advisers Inc.’s holdings in Broadridge Financial Solutions were worth $2,179,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. increased its holdings in Broadridge Financial Solutions by 218.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 14,970 shares of the business services provider’s stock valued at $2,050,000 after buying an additional 10,266 shares during the last quarter. Western Wealth Management LLC acquired a new stake in Broadridge Financial Solutions during the first quarter valued at approximately $959,000. Andra AP fonden lifted its holdings in Broadridge Financial Solutions by 96.5% during the 2nd quarter. Andra AP fonden now owns 170,757 shares of the business services provider’s stock worth $23,385,000 after buying an additional 83,857 shares during the last quarter. 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 worth $7,927,000 after buying an additional 9,996 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new position in Broadridge Financial Solutions during the 1st quarter worth approximately $4,211,000. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Trading Down 1.5%

NYSE BR opened at $183.29 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. Broadridge Financial Solutions, Inc. has a one year low of $133.83 and a one year high of $235.27. The company has a 50-day simple moving average of $171.09 and a 200-day simple moving average of $158.57. The firm has a market capitalization of $20.69 billion, a PE ratio of 19.05 and a beta of 0.92.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share (EPS) 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 firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter last year, the company posted $3.55 earnings per share. Broadridge Financial Solutions’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. On average, equities analysts forecast that Broadridge Financial Solutions, Inc. will post 10.54 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 5th. Investors of record on Thursday, September 3rd were issued a $1.09 dividend. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.9750. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $4.36 annualized dividend and a dividend yield of 2.4%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 45.32%.

Analyst Ratings Changes

BR has been the subject of several research reports. Weiss Ratings upgraded Broadridge Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Royal Bank Of Canada upped their price target on Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an “outperform” rating in a research report on Monday, August 31st. Morgan Stanley raised their price objective 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. Finally, UBS Group restated a “neutral” rating and set a $180.00 price objective on shares of Broadridge Financial Solutions in a research note on Monday, August 17th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Broadridge Financial Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $216.00.

Insider Activity

In related news, VP Thomas Carey sold 2,501 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $159.76, for a total transaction of $399,559.76. Following the completion of the transaction, the vice president 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 document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.00% of the company’s stock.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc (NYSE: BR) is a financial technology and business services company that provides communications, data, and technology solutions to financial institutions, public companies, and investors. Its services support the administration and communication of financial information across the investment lifecycle.

The company’s offerings include investor communications, proxy and corporate governance services, securities processing, trade and portfolio management, and technology platforms for wealth and investment management firms.