Handelsbanken Fonder AB Boosts Holdings in Broadridge Financial Solutions, Inc. $BR

Handelsbanken Fonder AB increased its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 13.3% during the second quarter, HoldingsChannel.com reports. The firm owned 52,586 shares of the business services provider’s stock after acquiring an additional 6,189 shares during the quarter. Handelsbanken Fonder AB’s holdings in Broadridge Financial Solutions were worth $7,202,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BR. Brighton Jones LLC bought a new position in shares of Broadridge Financial Solutions in the fourth quarter worth approximately $580,000. Empowered Funds LLC raised its holdings in 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 acquiring an additional 1,160 shares during the last quarter. Woodline Partners LP raised its holdings in Broadridge Financial Solutions by 6.9% in the 1st quarter. Woodline Partners LP now owns 9,886 shares of the business services provider’s stock worth $2,397,000 after acquiring an additional 635 shares during the last quarter. Acadian Asset Management LLC raised its holdings in Broadridge Financial Solutions by 480.8% in the 1st quarter. Acadian Asset Management LLC now owns 2,544 shares of the business services provider’s stock worth $616,000 after acquiring an additional 2,106 shares during the last quarter. Finally, Cerity Partners LLC lifted its position in 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 in the last quarter. 90.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Hope M. Jarkowski sold 1,966 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was 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 in the company, valued at approximately $155. This represents a 99.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on BR shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research note on Friday, August 7th. Royal Bank Of Canada boosted 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. Needham & Company LLC dropped their price objective on Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Morgan Stanley increased 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. Finally, UBS Group reduced their price objective on Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Broadridge Financial Solutions has a consensus rating of “Moderate Buy” and an average target price of $213.71.

Broadridge Financial Solutions Trading Down 0.8%

Shares of BR stock opened at $170.82 on Friday. Broadridge Financial Solutions, Inc. has a 12-month low of $133.83 and a 12-month high of $265.37. 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’s 50 day moving average is $149.92 and its 200 day moving average is $161.51. The stock has a market capitalization of $19.48 billion, a P/E ratio of 17.76 and a beta of 0.87.

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 analysts’ consensus estimates of $3.76 by $0.06. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.17 billion. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $3.55 EPS. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Thursday, September 3rd will be issued a $1.09 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. This represents a $4.36 annualized dividend and a dividend yield of 2.6%. Broadridge Financial Solutions’s dividend payout ratio is presently 45.32%.

About Broadridge Financial Solutions

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.