Danica Pension Livsforsikringsaktieselskab acquired a new position in Broadridge Financial Solutions, Inc. (NYSE:BR – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 43,256 shares of the business services provider’s stock, valued at approximately $5,924,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of BR. Strs Ohio boosted its holdings in shares of Broadridge Financial Solutions by 25.8% during the first quarter. Strs Ohio now owns 48,787 shares of the business services provider’s stock worth $7,927,000 after purchasing an additional 9,996 shares during the period. Counterpoint Mutual Funds LLC purchased a new position in Broadridge Financial Solutions during the 1st quarter valued at about $4,211,000. UNIVEST FINANCIAL Corp bought a new position in Broadridge Financial Solutions during the 1st quarter valued at approximately $8,227,000. Empowered Funds LLC raised its position in Broadridge Financial Solutions by 29.9% during the 1st quarter. Empowered Funds LLC now owns 48,430 shares of the business services provider’s stock valued at $7,869,000 after purchasing an additional 11,152 shares during the last quarter. Finally, New Age Alpha Advisors LLC lifted its holdings in Broadridge Financial Solutions by 51.6% in the 4th quarter. New Age Alpha Advisors LLC now owns 36,911 shares of the business services provider’s stock worth $8,237,000 after buying an additional 12,569 shares during the period. Institutional investors own 90.03% of the company’s stock.
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 dated Thursday, June 4th. The shares were sold at an average price of $155.00, for a total value of $304,730.00. Following the completion of the transaction, the insider directly owned 1 shares in the company, valued at $155. This trade represents a 99.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Get Our Latest Stock Report on BR
Broadridge Financial Solutions Stock Up 1.4%
Shares of NYSE:BR opened at $170.12 on Wednesday. Broadridge Financial Solutions, Inc. has a 52-week low of $133.83 and a 52-week high of $265.37. The firm has a market capitalization of $19.40 billion, a P/E ratio of 17.68 and a beta of 0.87. The stock has a 50 day moving average price of $150.70 and a 200-day moving average price of $160.66. 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 – Get Free Report) last issued its quarterly earnings results 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 company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Broadridge Financial Solutions had a return on equity of 40.25% and a net margin of 15.04%.The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm earned $3.55 earnings per share. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. As a group, equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current fiscal year.
Broadridge Financial Solutions Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Thursday, September 3rd will be given a $1.09 dividend. 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%. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. Broadridge Financial Solutions’s payout ratio is currently 40.54%.
Broadridge Financial Solutions Company 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.
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