Paladin Partners LLC Takes Position in Broadridge Financial Solutions, Inc. $BR

Paladin Partners LLC purchased a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,080 shares of the business services provider’s stock, valued at approximately $422,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Great Valley Advisor Group Inc. boosted its stake in Broadridge Financial Solutions by 5.3% during the second quarter. Great Valley Advisor Group Inc. now owns 994 shares of the business services provider’s stock worth $242,000 after buying an additional 50 shares during the period. Moneta Group Investment Advisors LLC increased its position in shares of Broadridge Financial Solutions by 3.9% during the third quarter. Moneta Group Investment Advisors LLC now owns 1,608 shares of the business services provider’s stock valued at $383,000 after acquiring an additional 61 shares during the last quarter. WPG Advisers LLC raised its stake in shares of Broadridge Financial Solutions by 77.5% in the 4th 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. Bontempo Ohly Capital Mgmt LLC raised its stake in shares of Broadridge Financial Solutions by 0.3% in the 4th quarter. Bontempo Ohly Capital Mgmt LLC now owns 18,895 shares of the business services provider’s stock valued at $4,217,000 after acquiring an additional 62 shares during the period. Finally, Appleton Partners Inc. MA lifted its holdings in shares of Broadridge Financial Solutions by 0.5% in the 1st quarter. Appleton Partners Inc. MA now owns 12,137 shares of the business services provider’s stock worth $1,972,000 after acquiring an additional 65 shares during the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,966 shares of the company’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 $155. This represents a 99.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

BR has been the subject of a number of research analyst reports. Morgan Stanley increased their price objective 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. Royal Bank Of Canada upped their price target on Broadridge Financial Solutions from $200.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. UBS Group restated a “neutral” rating and set a $180.00 price target on shares of Broadridge Financial Solutions in a research note on Monday. 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 research report on Friday, May 1st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research note on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $215.86.

Broadridge Financial Solutions Price Performance

Broadridge Financial Solutions stock opened at $167.92 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.15. 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 cap of $19.15 billion, a PE ratio of 17.46 and a beta of 0.87. The company’s 50 day moving average is $150.30 and its two-hundred day moving average is $160.91.

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 business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the previous year, the firm posted $3.55 earnings per share. The company’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, research analysts expect that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Investors 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 2.6%. The ex-dividend date of this dividend is Thursday, September 3rd. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. Broadridge Financial Solutions’s payout ratio is presently 45.32%.

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.