Plato Investment Management Ltd Invests $392,000 in Broadridge Financial Solutions, Inc. $BR

Plato Investment Management Ltd bought a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,879 shares of the business services provider’s stock, valued at approximately $392,000.

A number of other institutional investors have also recently added to or reduced their stakes in BR. Reflection Asset Management acquired a new position in Broadridge Financial Solutions during the fourth quarter worth $25,000. Nemes Rush Group LLC acquired a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at about $27,000. Prosperity Bancshares Inc acquired a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at about $28,000. WPG Advisers LLC increased its stake in shares of Broadridge Financial Solutions by 77.5% during the fourth quarter. WPG Advisers LLC now owns 142 shares of the business services provider’s stock worth $32,000 after purchasing an additional 62 shares in the last quarter. Finally, DV Equities LLC acquired a new position in shares of Broadridge Financial Solutions during the 4th quarter worth about $37,000. Institutional investors and hedge funds own 90.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on BR. Morgan Stanley raised their price target on shares of 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 report on Monday. Weiss Ratings restated a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research report on Friday, August 7th. Royal Bank Of Canada increased their price objective on Broadridge Financial Solutions from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Finally, DA Davidson lowered their target price on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Broadridge Financial Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $215.86.

Broadridge Financial Solutions Stock Performance

NYSE BR opened at $175.97 on Thursday. The stock’s fifty day moving average is $151.30 and its two-hundred day moving average is $160.52. The firm has a market capitalization of $20.06 billion, a P/E ratio of 18.29 and a beta of 0.87. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.24 and a current ratio of 1.24. Broadridge Financial Solutions, Inc. has a fifty-two week low of $133.83 and a fifty-two week high of $265.37.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the prior year, the business earned $3.55 EPS. The firm’s quarterly 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. On average, 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 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. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. This represents a $4.36 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, September 3rd. Broadridge Financial Solutions’s payout ratio is currently 40.54%.

Insider Transactions at Broadridge Financial Solutions

In related news, insider Hope M. Jarkowski sold 1,966 shares of the firm’s stock in a transaction dated 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 directly owned 1 shares in the company, valued at approximately $155. This trade represents a 99.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company’s stock.

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.