75,400 Shares in Broadridge Financial Solutions, Inc. $BR Acquired by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co purchased a new position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 75,400 shares of the business services provider's stock, valued at approximately $10,326,000. Varma Mutual Pension Insurance Co owned about 0.07% of Broadridge Financial Solutions at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in Broadridge Financial Solutions in the 4th quarter worth approximately $580,000. Empowered Funds LLC increased its holdings in shares of Broadridge Financial Solutions by 41.5% in the first quarter. Empowered Funds LLC now owns 3,957 shares of the business services provider's stock valued at $959,000 after purchasing an additional 1,160 shares during the period. Woodline Partners LP raised its stake in shares of Broadridge Financial Solutions by 6.9% in the first quarter. Woodline Partners LP now owns 9,886 shares of the business services provider's stock worth $2,397,000 after purchasing an additional 635 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Broadridge Financial Solutions by 480.8% during the first quarter. Acadian Asset Management LLC now owns 2,544 shares of the business services provider's stock worth $616,000 after purchasing an additional 2,106 shares during the period. Finally, Cerity Partners LLC raised its position in Broadridge Financial Solutions by 8.5% during the 2nd quarter. Cerity Partners LLC now owns 25,523 shares of the business services provider's stock worth $6,203,000 after buying an additional 2,004 shares during the last quarter. Institutional investors and hedge funds own 90.03% of the company's stock.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $155.00, for a total value of $304,730.00. Following the sale, the insider directly owned 1 shares of the company's stock, valued at $155. The trade was a 99.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by company insiders.

Broadridge Financial Solutions Stock Down 0.0%

BR stock opened at $182.12 on Monday. The stock has a market capitalization of $20.77 billion, a P/E ratio of 18.93 and a beta of 0.87. The firm has a 50-day simple moving average of $152.70 and a 200-day simple moving average of $160.27. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.15. Broadridge Financial Solutions, Inc. has a 52 week low of $133.83 and a 52 week high of $264.10.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its quarterly earnings results 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 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 company's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.55 EPS. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. Equities 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 company also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Thursday, September 3rd will be issued a dividend of $1.09 per share. The ex-dividend date of this dividend is Thursday, September 3rd. 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 2.4%. Broadridge Financial Solutions's payout ratio is currently 45.32%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on BR shares. Royal Bank Of Canada increased their price target 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 reissued a "neutral" rating and issued a $180.00 price target on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Broadridge Financial Solutions in a report on Friday, August 7th. Morgan Stanley increased 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 note on Thursday, August 6th. Finally, Needham & Company LLC cut their price target on Broadridge Financial Solutions from $255.00 to $230.00 and set a "buy" rating for the company in a research note on Friday, May 1st. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Broadridge Financial Solutions currently has a consensus rating of "Moderate Buy" and a consensus target price of $215.86.

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.

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