Demars Financial Group LLC Makes New Investment in Broadridge Financial Solutions, Inc. $BR

Demars Financial Group LLC acquired a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,721 shares of the business services provider’s stock, valued at approximately $1,405,000.

A number of other large investors also recently bought and sold shares of the stock. Sepio Capital LP acquired a new stake in Broadridge Financial Solutions in the 3rd quarter valued at approximately $437,000. Root Financial Partners LLC purchased a new stake in Broadridge Financial Solutions in the third quarter valued at approximately $126,000. SBI Securities Co. Ltd. raised its position in Broadridge Financial Solutions by 79.3% in the third quarter. SBI Securities Co. Ltd. now owns 588 shares of the business services provider’s stock valued at $95,000 after purchasing an additional 260 shares during the period. Woodward Diversified Capital LLC acquired a new position in Broadridge Financial Solutions during the third quarter worth $273,000. Finally, Guardian Partners Inc. acquired a new position in Broadridge Financial Solutions during the third quarter worth $118,000. Institutional investors and hedge funds own 90.03% of the company’s stock.

Insiders Place Their Bets

In related news, VP Thomas Carey sold 2,501 shares of Broadridge Financial Solutions stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $159.76, for a total value of $399,559.76. Following the transaction, the vice president directly owned 8,800 shares in the company, valued at $1,405,888. This trade represents a 22.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.00% of the stock is currently owned by company insiders.

Broadridge Financial Solutions Stock Up 4.5%

BR opened at $186.26 on Friday. The business has a 50 day moving average price of $170.84 and a two-hundred day moving average price of $158.40. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.15. The company has a market cap of $21.03 billion, a PE ratio of 19.36 and a beta of 0.92. Broadridge Financial Solutions, Inc. has a 52 week low of $133.83 and a 52 week high of $236.02.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share for the quarter, beating the consensus estimate of $3.76 by $0.06. Broadridge Financial Solutions had a return on equity of 40.25% and a net margin of 15.04%. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period last year, the business posted $3.55 EPS. The company’s revenue was up 7.5% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. As a group, research analysts anticipate that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 5th. Investors of record on Thursday, September 3rd were given a $1.09 dividend. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.9750. The ex-dividend date was Thursday, September 3rd. This represents a $4.36 dividend on an annualized basis and a yield of 2.3%. Broadridge Financial Solutions’s payout ratio is 45.32%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BR. Morgan Stanley lifted their price objective on Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. UBS Group reissued a “neutral” rating and set a $180.00 target price on shares of Broadridge Financial Solutions in a research note on Monday, August 17th. Weiss Ratings upgraded Broadridge Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Finally, Royal Bank Of Canada raised their target price on Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an “outperform” rating in a report on Monday, August 31st. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $216.00.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc (NYSE: BR) is a financial technology and business services company that provides communications, data, and technology solutions to financial institutions, public companies, and investors. Its services support the administration and communication of financial information across the investment lifecycle.

The company’s offerings include investor communications, proxy and corporate governance services, securities processing, trade and portfolio management, and technology platforms for wealth and investment management firms.