D.B. Root & Company LLC Takes $464,000 Position in Broadridge Financial Solutions, Inc. $BR

D.B. Root & Company LLC acquired a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,386 shares of the business services provider’s stock, valued at approximately $464,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Broadridge Financial Solutions in the second quarter valued at approximately $1,473,918,000. State Street Corp increased its position in shares of Broadridge Financial Solutions by 6.7% during the fourth quarter. State Street Corp now owns 5,994,841 shares of the business services provider’s stock worth $1,343,572,000 after purchasing an additional 375,699 shares in the last quarter. Geode Capital Management LLC increased its position in shares of 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 worth $746,062,000 after purchasing an additional 12,524 shares in the last quarter. Barclays PLC lifted its holdings in shares of Broadridge Financial Solutions by 1.8% during the 4th quarter. Barclays PLC now owns 2,007,968 shares of the business services provider’s stock valued at $448,118,000 after purchasing an additional 35,169 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Broadridge Financial Solutions by 6.6% during the 3rd 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. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Trading Down 0.0%

NYSE:BR opened at $182.12 on Monday. Broadridge Financial Solutions, Inc. has a 12 month low of $133.83 and a 12 month high of $264.10. The firm has a fifty day simple moving average of $152.70 and a 200-day simple moving average of $160.27. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $20.77 billion, a P/E ratio of 18.93 and a beta of 0.87.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Tuesday, August 4th. The business services provider reported $3.82 earnings per share for the quarter, beating 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 analyst estimates of $2.17 billion. During the same period in the previous year, the company earned $3.55 earnings per share. The business’s quarterly revenue 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 anticipate 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 declared a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Thursday, September 3rd will be paid a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 2.4%. The ex-dividend date is Thursday, September 3rd. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 45.32%.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,966 shares of the business’s stock in a transaction dated 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 owned 1 shares in the company, valued at approximately $155. The trade was a 99.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. DA Davidson lowered their price objective on Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Royal Bank Of Canada upped their target price on Broadridge Financial Solutions from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. UBS Group reiterated a “neutral” rating and issued a $180.00 price target on shares of Broadridge Financial Solutions in a research note on Monday, August 17th. Needham & Company LLC lowered their price target on Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating for the company in a report on Friday, May 1st. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research note on Friday, August 7th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Broadridge Financial Solutions has a consensus rating of “Moderate Buy” and an average 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.