4,952 Shares in Broadridge Financial Solutions, Inc. $BR Purchased by Ninety One UK Ltd

Ninety One UK Ltd purchased a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,952 shares of the business services provider’s stock, valued at approximately $798,000.

Several other large investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Broadridge Financial Solutions during the 2nd quarter valued at $1,473,918,000. Jupiter Topco LLC bought a new stake in Broadridge Financial Solutions in the second quarter valued at about $261,852,000. Van ECK Associates Corp raised its position in shares of Broadridge Financial Solutions by 11.3% during the 2nd quarter. Van ECK Associates Corp now owns 1,875,684 shares of the business services provider’s stock valued at $256,875,000 after acquiring an additional 190,301 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Broadridge Financial Solutions in the 2nd quarter worth about $197,921,000. Finally, Amundi lifted its holdings in Broadridge Financial Solutions by 67.5% in the first quarter. Amundi now owns 1,059,021 shares of the business services provider’s stock worth $172,070,000 after acquiring an additional 426,587 shares during the last quarter. 90.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Broadridge Financial Solutions

In other news, VP Thomas Carey sold 2,501 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $159.76, for a total transaction of $399,559.76. Following the completion of the sale, the vice president owned 8,800 shares in the company, valued at approximately $1,405,888. This represents a 22.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Morgan Stanley upped their target price 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. Weiss Ratings raised Broadridge Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. UBS Group reaffirmed a “neutral” rating and set a $180.00 target price on shares of Broadridge Financial Solutions in a research note on Monday, August 17th. 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 research note on Monday, August 31st. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $216.00.

Broadridge Financial Solutions Stock Up 3.4%

NYSE BR opened at $173.96 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.24 and a quick ratio of 1.24. The company’s 50 day simple moving average is $169.99 and its 200 day simple moving average is $157.78. Broadridge Financial Solutions, Inc. has a 12 month low of $133.83 and a 12 month high of $236.02. The company has a market capitalization of $19.64 billion, a P/E ratio of 18.08 and a beta of 0.92.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Tuesday, August 4th. The business services provider reported $3.82 EPS for the quarter, beating the consensus estimate 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 business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the business earned $3.55 earnings per share. 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 fiscal year.

Broadridge Financial Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 5th. Shareholders of record on Thursday, September 3rd were issued a $1.09 dividend. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.9750. This represents a $4.36 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, September 3rd. Broadridge Financial Solutions’s dividend payout ratio is currently 45.32%.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc is a financial technology and services company that provides communications, technology and data solutions to financial institutions, public companies and other organizations. Its platforms support critical business processes across investor communications, capital markets, wealth management and corporate governance.

The company’s services include proxy and regulatory communications, shareholder and customer communications, securities processing, trading and operations technology, portfolio and wealth management tools, and governance solutions.