Stoneridge Investment Partners LLC Invests $910,000 in Broadridge Financial Solutions, Inc. $BR

Stoneridge Investment Partners LLC purchased a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 5,909 shares of the business services provider’s stock, valued at approximately $910,000.

Several other institutional investors have also added to or reduced their stakes in BR. Reflection Asset Management bought a new position in Broadridge Financial Solutions during the 4th quarter worth $25,000. Nemes Rush Group LLC acquired a new stake in shares of Broadridge Financial Solutions during the fourth quarter worth $27,000. Prosperity Bancshares Inc bought a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at about $28,000. WPG Advisers LLC boosted its position in shares of Broadridge Financial Solutions by 77.5% in the fourth quarter. WPG Advisers LLC now owns 142 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 62 shares during the period. Finally, Evolution Wealth Management Inc. acquired a new position in shares of Broadridge Financial Solutions in the first quarter valued at about $36,000. 90.03% of the stock is currently owned by institutional investors.

Broadridge Financial Solutions Stock Down 0.8%

Shares of NYSE BR opened at $170.82 on Friday. The stock has a market capitalization of $19.48 billion, a P/E ratio of 17.76 and a beta of 0.87. The stock’s fifty day moving average is $149.92 and its 200 day moving average is $161.51. Broadridge Financial Solutions, Inc. has a 52 week low of $133.83 and a 52 week high of $265.37. 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 (NYSE:BR) last posted its quarterly earnings data 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 business 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%. Broadridge Financial Solutions’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.55 earnings per share. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. Sell-side analysts forecast that Broadridge Financial Solutions, Inc. will post 10.54 earnings per share for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The company also recently declared 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 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 dividend on an annualized basis and a dividend yield of 2.6%. Broadridge Financial Solutions’s payout ratio is currently 40.54%.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, insider Hope M. Jarkowski sold 1,966 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $155.00, for a total transaction of $304,730.00. Following the sale, the insider owned 1 shares in the company, valued at approximately $155. This trade represents a 99.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Morgan Stanley raised their price target on shares of 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. Needham & Company LLC cut their price objective on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating for the company in a report on Friday, May 1st. Royal Bank Of Canada increased their target price on shares of Broadridge Financial Solutions from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. DA Davidson lowered their target price on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Finally, UBS Group dropped their price target on shares of Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Broadridge Financial Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $213.71.

About Broadridge Financial Solutions

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.