GSA Capital Partners LLP Invests $760,000 in Broadridge Financial Solutions, Inc. $BR

GSA Capital Partners LLP bought a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) in the second quarter, Holdings Channel reports. The institutional investor bought 5,547 shares of the business services provider’s stock, valued at approximately $760,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC bought a new position in Broadridge Financial Solutions during the fourth quarter valued at $580,000. Empowered Funds LLC increased its holdings in shares of Broadridge Financial Solutions by 41.5% in the 1st quarter. Empowered Funds LLC now owns 3,957 shares of the business services provider’s stock worth $959,000 after buying an additional 1,160 shares during the last quarter. Woodline Partners LP raised its position in shares of Broadridge Financial Solutions by 6.9% during the 1st quarter. Woodline Partners LP now owns 9,886 shares of the business services provider’s stock valued at $2,397,000 after buying an additional 635 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Broadridge Financial Solutions by 480.8% during the 1st quarter. Acadian Asset Management LLC now owns 2,544 shares of the business services provider’s stock valued at $616,000 after buying an additional 2,106 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of Broadridge Financial Solutions by 8.5% in the 2nd quarter. Cerity Partners LLC now owns 25,523 shares of the business services provider’s stock valued at $6,203,000 after acquiring an additional 2,004 shares during the last quarter. 90.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BR has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research report on Friday, August 7th. Morgan Stanley upped their price objective on Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. 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 note on Tuesday, May 5th. Needham & Company LLC dropped their target price 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, Royal Bank Of Canada lifted their target price on Broadridge Financial Solutions from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Broadridge Financial Solutions has an average rating of “Moderate Buy” and a consensus price target of $215.86.

Insider Activity at Broadridge Financial Solutions

In other news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions 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 completion of the sale, the insider owned 1 shares of the company’s stock, valued at approximately $155. The trade was a 99.95% decrease in their ownership of the stock. 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.

Broadridge Financial Solutions Stock Up 3.6%

Shares of BR opened at $175.97 on Thursday. The firm has a fifty day moving average price of $151.30 and a 200-day moving average price of $160.52. 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 firm has a market capitalization of $20.06 billion, a P/E ratio of 18.29 and a beta of 0.87. Broadridge Financial Solutions, Inc. has a 12-month low of $133.83 and a 12-month high of $265.37.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Tuesday, August 4th. The business services provider reported $3.82 EPS for the quarter, topping the consensus estimate 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 company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the firm posted $3.55 EPS. The firm’s 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. 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 business 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 dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 2.5%. 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. Broadridge Financial Solutions’s dividend payout ratio is 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.