11,966 Shares in Broadridge Financial Solutions, Inc. $BR Bought by HBK Sorce Advisory LLC

Key Points

• HBK Sorce Advisory LLC bought a new 11,966-share position in Broadridge Financial Solutions valued at approximately $1.96 million. Institutional investors collectively own 90.03% of the company.
• Broadridge exceeded quarterly expectations, reporting $3.82 in earnings per share and $2.22 billion in revenue, with revenue up 7.5% year over year.
• The company increased its quarterly dividend from $0.97 to $1.09 per share, equivalent to an annualized $4.36 dividend and a 2.6% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $213.71.

HBK Sorce Advisory LLC purchased a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,966 shares of the business services provider's stock, valued at approximately $1,955,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Great Valley Advisor Group Inc. boosted its position in shares of Broadridge Financial Solutions by 5.3% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 994 shares of the business services provider's stock valued at $242,000 after acquiring an additional 50 shares in the last quarter. Moneta Group Investment Advisors LLC raised its position in Broadridge Financial Solutions by 3.9% in the third quarter. Moneta Group Investment Advisors LLC now owns 1,608 shares of the business services provider's stock worth $383,000 after purchasing an additional 61 shares in the last quarter. WPG Advisers LLC raised its position in Broadridge Financial Solutions by 77.5% in 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. Bontempo Ohly Capital Mgmt LLC lifted its stake in Broadridge Financial Solutions by 0.3% during the fourth quarter. Bontempo Ohly Capital Mgmt LLC now owns 18,895 shares of the business services provider's stock worth $4,217,000 after purchasing an additional 62 shares during the period. Finally, Appleton Partners Inc. MA lifted its stake in Broadridge Financial Solutions by 0.5% during the first quarter. Appleton Partners Inc. MA now owns 12,137 shares of the business services provider's stock worth $1,972,000 after purchasing an additional 65 shares during the period. Institutional investors own 90.03% of the company's stock.

Broadridge Financial Solutions Trading Down 0.1%

Shares of BR stock opened at $170.82 on Monday. The company has a market capitalization of $19.48 billion, a P/E ratio of 17.76 and a beta of 0.87. Broadridge Financial Solutions, Inc. has a 12-month low of $133.83 and a 12-month high of $265.37. 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 firm has a 50-day moving average price of $149.92 and a 200 day moving average price of $161.18.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The business services provider reported $3.82 earnings per share for the quarter, topping the consensus estimate of $3.76 by $0.06. The firm had revenue of $2.22 billion for the quarter, compared to analysts' expectations 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 prior year, the firm earned $3.55 earnings per share. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. Research analysts forecast that Broadridge Financial Solutions, Inc. will post 10.54 earnings per share for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Thursday, September 3rd will be given a dividend of $1.09 per share. This is a boost from Broadridge Financial Solutions's previous quarterly dividend of $0.97. The ex-dividend date is Thursday, September 3rd. This represents a $4.36 dividend on an annualized basis and a yield of 2.6%. Broadridge Financial Solutions's dividend payout ratio is currently 40.54%.

Analysts Set New Price Targets

BR has been the topic of several analyst reports. DA Davidson lowered their price objective on 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. Needham & Company LLC dropped their target price on Broadridge Financial Solutions from $255.00 to $230.00 and set a "buy" rating for the company in a report on Friday, May 1st. Royal Bank Of Canada raised their target price on Broadridge Financial Solutions from $200.00 to $225.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 5th. UBS Group decreased their price target on Broadridge Financial Solutions from $250.00 to $165.00 and set a "neutral" rating on the stock in a research note on Monday, May 4th. Finally, Morgan Stanley upped their price target 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. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Broadridge Financial Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $213.71.

Insider Buying and Selling

In related news, insider Hope M. Jarkowski sold 1,966 shares of the firm'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 directly owned 1 shares of the company's stock, valued at $155. This trade represents a 99.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by company insiders.

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.

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