6,963 Shares in Broadridge Financial Solutions, Inc. $BR Acquired by Vise Technologies Inc.

Key Points

• Vise Technologies acquired 6,963 Broadridge shares worth approximately $954,000 in the second quarter. Institutional investors and hedge funds collectively own 90.03% of Broadridge’s stock.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $215.86; ratings are split between four Buys and four Holds.
• Broadridge exceeded quarterly expectations, reporting $3.82 in earnings per share and $2.22 billion in revenue, while revenue rose 7.5% year over year. The company also increased its quarterly dividend to $1.09 per share, implying a 2.4% annual yield.

Vise Technologies Inc. acquired a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,963 shares of the business services provider's stock, valued at approximately $954,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Reflection Asset Management acquired a new stake in Broadridge Financial Solutions in the fourth quarter valued at $25,000. Nemes Rush Group LLC acquired a new position in shares of Broadridge Financial Solutions during the 4th quarter worth $27,000. Prosperity Bancshares Inc acquired a new position in shares of Broadridge Financial Solutions during the 4th quarter worth $28,000. WPG Advisers LLC boosted its position in shares of Broadridge Financial Solutions by 77.5% in the 4th quarter. WPG Advisers LLC now owns 142 shares of the business services provider's stock worth $32,000 after buying an additional 62 shares in the last quarter. Finally, DV Equities LLC purchased a new stake in shares of Broadridge Financial Solutions in the 4th quarter worth about $37,000. 90.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Morgan Stanley increased their price objective 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. DA Davidson reduced their price target on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a "buy" rating on the stock in a report on Tuesday, May 5th. Needham & Company LLC lowered their price target on shares of 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. Weiss Ratings reiterated a "hold (c-)" rating on shares of Broadridge Financial Solutions in a research report on Friday, August 7th. Finally, UBS Group reissued a "neutral" rating and set a $180.00 price objective on shares of Broadridge Financial Solutions in a research note on Monday, August 17th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Broadridge Financial Solutions has a consensus rating of "Moderate Buy" and an average target price of $215.86.

Broadridge Financial Solutions Stock Up 2.0%

BR opened at $182.12 on Friday. 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 market cap of $20.77 billion, a P/E ratio of 18.93 and a beta of 0.87. Broadridge Financial Solutions, Inc. has a 52 week low of $133.83 and a 52 week high of $264.10. The business's fifty day simple moving average is $152.70 and its 200 day simple moving average is $160.54.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share for the quarter, beating the consensus estimate of $3.76 by $0.06. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.17 billion. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.55 EPS. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. As a group, equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current fiscal 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 dividend on an annualized basis and a dividend yield of 2.4%. This is a boost from Broadridge Financial Solutions's previous quarterly dividend of $0.97. The ex-dividend date is Thursday, September 3rd. Broadridge Financial Solutions's payout ratio is presently 40.54%.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, insider Hope M. Jarkowski sold 1,966 shares of the company's stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $155.00, for a total transaction of $304,730.00. Following the transaction, the insider owned 1 shares of the company's stock, valued at approximately $155. This represents a 99.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Broadridge Financial Solutions Company 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.

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