31,773 Shares in Broadridge Financial Solutions, Inc. $BR Acquired by EFG International AG

Key Points

• EFG International AG acquired 31,773 shares of Broadridge Financial Solutions during the second quarter, valued at approximately $4.35 million. Institutional investors collectively own 90.03% of the company.
• Broadridge reported quarterly EPS of $3.82, exceeding estimates of $3.76, while revenue rose 7.5% year over year to $2.22 billion. The company issued fiscal 2027 EPS guidance of $10.37 to $10.75.
• The company increased its quarterly dividend from $0.97 to $1.09 per share, implying an annualized dividend of $4.36 and a 2.4% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $215.86.

EFG International AG purchased a new position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 31,773 shares of the business services provider's stock, valued at approximately $4,354,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Reflection Asset Management purchased a new position in shares of Broadridge Financial Solutions in the fourth quarter valued at about $25,000. Nemes Rush Group LLC bought a new position in Broadridge Financial Solutions during the 4th quarter valued at approximately $27,000. Prosperity Bancshares Inc purchased a new stake in Broadridge Financial Solutions in the 4th quarter worth approximately $28,000. DV Equities LLC purchased a new position in shares of Broadridge Financial Solutions during the fourth quarter valued at approximately $37,000. Finally, Fulcrum Asset Management LLP purchased a new stake in Broadridge Financial Solutions in the third quarter worth $47,000. Institutional investors own 90.03% of the company's stock.

Broadridge Financial Solutions Trading Down 0.4%

Broadridge Financial Solutions stock opened at $184.76 on Wednesday. Broadridge Financial Solutions, Inc. has a one year low of $133.83 and a one year high of $259.02. The business's fifty day moving average is $154.38 and its 200 day moving average is $160.24. The stock has a market capitalization of $21.07 billion, a PE ratio of 19.21 and a beta of 0.87. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.24 and a quick ratio of 1.24.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted 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 net margin of 15.04% and a return on equity of 40.25%. The business had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter in the prior year, the business earned $3.55 EPS. The business's revenue for the quarter was up 7.5% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. On average, sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Thursday, September 3rd will be issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, September 3rd. This is a positive change from Broadridge Financial Solutions's previous quarterly dividend of $0.97. Broadridge Financial Solutions's payout ratio is currently 40.54%.

Wall Street Analyst Weigh In

BR has been the subject of several research reports. Morgan Stanley upped their price objective on shares of Broadridge Financial Solutions from $169.00 to $176.00 and gave the stock an "equal weight" rating in a report on Thursday, August 6th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Broadridge Financial Solutions in a research report on Friday, August 7th. Needham & Company LLC decreased their target price on Broadridge Financial Solutions from $255.00 to $230.00 and set a "buy" rating for the company in a research report on Friday, May 1st. DA Davidson dropped their price target on Broadridge Financial Solutions from $228.00 to $214.00 and set a "buy" rating on the stock in a research report on Tuesday, May 5th. Finally, Royal Bank Of Canada increased their price objective on Broadridge Financial Solutions from $200.00 to $225.00 and gave the stock an "outperform" rating in a report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $215.86.

Insider Activity at Broadridge Financial Solutions

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. 1.10% of the stock is owned by 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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