Abacus FCF Advisors LLC Acquires Shares of 39,873 Broadridge Financial Solutions, Inc. $BR

Key Points

• Abacus FCF Advisors acquired 39,873 Broadridge Financial Solutions shares worth approximately $5.46 million in the second quarter. Institutional investors collectively own 90.03% of the company.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $215.86, although individual targets range from $176 to $230.
• Broadridge exceeded quarterly earnings and revenue estimates, reporting EPS of $3.82 and revenue of $2.22 billion, while increasing its quarterly dividend to $1.09 per share, or a 2.5% annualized yield.

Abacus FCF Advisors LLC purchased a new position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 39,873 shares of the business services provider's stock, valued at approximately $5,461,000.

A number of other hedge funds also recently bought and sold shares of BR. BlackRock Inc. purchased a new position in Broadridge Financial Solutions in the 2nd quarter valued at $1,473,918,000. State Street Corp boosted its position in Broadridge Financial Solutions by 6.7% during the fourth quarter. State Street Corp now owns 5,994,841 shares of the business services provider's stock worth $1,343,572,000 after acquiring an additional 375,699 shares during the last quarter. Geode Capital Management LLC boosted its position in Broadridge Financial Solutions by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 3,354,869 shares of the business services provider's stock worth $746,062,000 after acquiring an additional 12,524 shares during the last quarter. Barclays PLC grew its stake in Broadridge Financial Solutions by 1.8% during the 4th quarter. Barclays PLC now owns 2,007,968 shares of the business services provider's stock valued at $448,118,000 after acquiring an additional 35,169 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Broadridge Financial Solutions by 6.6% during the 3rd quarter. Northern Trust Corp now owns 1,711,824 shares of the business services provider's stock valued at $407,705,000 after acquiring an additional 105,696 shares in the last quarter. Hedge funds and other institutional investors own 90.03% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on BR. Royal Bank Of Canada upped their target price on Broadridge Financial Solutions from $200.00 to $225.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Broadridge Financial Solutions in a report on Friday, August 7th. 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. Morgan Stanley upped 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 report on Thursday, August 6th. Finally, UBS Group restated a "neutral" rating and set a $180.00 price objective on shares of Broadridge Financial Solutions in a research report on Monday. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $215.86.

Broadridge Financial Solutions Stock Up 3.6%

Shares of NYSE:BR opened at $175.97 on Thursday. The firm's 50 day moving average price is $151.30 and its 200 day moving average price is $160.52. The stock has a market cap of $20.06 billion, a price-to-earnings ratio of 18.29 and a beta of 0.87. Broadridge Financial Solutions, Inc. has a fifty-two week low of $133.83 and a fifty-two week 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.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 40.25% and a net margin of 15.04%.The firm's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company posted $3.55 earnings per share. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. As a group, equities research analysts predict 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 disclosed a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Thursday, September 3rd will be given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 2.5%. 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. Broadridge Financial Solutions's payout ratio is 40.54%.

Insider Buying and Selling

In other news, insider Hope M. Jarkowski sold 1,966 shares of the stock in a transaction dated Thursday, June 4th. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company's stock.

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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