Paralel Advisors LLC Acquires New Holdings in Broadridge Financial Solutions, Inc. $BR

Paralel Advisors LLC bought a new position in Broadridge Financial Solutions, Inc. (NYSE:BR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 14,218 shares of the business services provider’s stock, valued at approximately $1,947,000.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Broadridge Financial Solutions in the 2nd quarter valued at $1,473,918,000. State Street Corp lifted its position in Broadridge Financial Solutions by 6.7% during the 4th quarter. State Street Corp now owns 5,994,841 shares of the business services provider’s stock worth $1,343,572,000 after acquiring an additional 375,699 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Broadridge Financial Solutions by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 3,354,869 shares of the business services provider’s stock valued at $746,062,000 after acquiring an additional 12,524 shares during the period. Barclays PLC boosted its holdings in Broadridge Financial Solutions by 1.8% during the fourth quarter. Barclays PLC now owns 2,007,968 shares of the business services provider’s stock valued at $448,118,000 after acquiring an additional 35,169 shares during the period. Finally, Northern Trust Corp grew its position in shares of Broadridge Financial Solutions by 6.6% in the third quarter. Northern Trust Corp now owns 1,711,824 shares of the business services provider’s stock valued at $407,705,000 after purchasing an additional 105,696 shares during the last quarter. Institutional investors own 90.03% of the company’s stock.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, insider Hope M. Jarkowski sold 1,966 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $155.00, for a total transaction of $304,730.00. Following the sale, the insider directly owned 1 shares in the company, valued at approximately $155. The trade was a 99.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions Stock Up 1.1%

Shares of BR opened at $177.94 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 company has a 50-day simple moving average of $151.96 and a 200-day simple moving average of $160.39. Broadridge Financial Solutions, Inc. has a 52 week low of $133.83 and a 52 week high of $264.10. The firm has a market capitalization of $20.29 billion, a P/E ratio of 18.50 and a beta of 0.87.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results 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 return on equity of 40.25% and a net margin of 15.04%.The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period last year, the business earned $3.55 earnings per share. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. On average, equities research analysts expect 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. Stockholders of record on Thursday, September 3rd will be issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, September 3rd. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. Broadridge Financial Solutions’s payout ratio is 45.32%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. UBS Group reiterated a “neutral” rating and issued a $180.00 price objective on shares of Broadridge Financial Solutions in a research note on Monday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Broadridge Financial Solutions in a report on Friday, August 7th. Morgan Stanley lifted their price target on Broadridge Financial Solutions from $169.00 to $176.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. DA Davidson cut their price target on Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Finally, Needham & Company LLC reduced their price objective on Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Broadridge Financial Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $215.86.

Broadridge Financial Solutions 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.