Broadridge Financial Solutions, Inc. $BR Shares Newly Bought by Carderock Capital Management Inc.

Key Points

• Carderock Capital Management bought 6,928 Broadridge Financial Solutions shares worth approximately $1.12 million, while institutional investors collectively own 90.03% of the company.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $216; recent targets range from $176 to $226.
• Broadridge exceeded quarterly earnings and revenue expectations, reporting $3.82 in EPS and $2.22 billion in revenue, while increasing its quarterly dividend to $1.09 per share.

Carderock Capital Management Inc. purchased a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,928 shares of the business services provider's stock, valued at approximately $1,116,000.

Other large investors have also recently added to or reduced their stakes in the company. MBL Wealth LLC bought a new position in shares of Broadridge Financial Solutions during the 3rd quarter worth about $342,000. Demars Financial Group LLC acquired a new stake in shares of Broadridge Financial Solutions during the 3rd quarter valued at about $1,405,000. Sepio Capital LP acquired a new stake in shares of Broadridge Financial Solutions during the 3rd quarter valued at about $437,000. Root Financial Partners LLC bought a new stake in Broadridge Financial Solutions in the third quarter valued at about $126,000. Finally, SBI Securities Co. Ltd. increased its stake in Broadridge Financial Solutions by 79.3% in the third quarter. SBI Securities Co. Ltd. now owns 588 shares of the business services provider's stock valued at $95,000 after acquiring an additional 260 shares during the period. Institutional investors and hedge funds own 90.03% of the company's stock.

Insider Activity

In related news, VP Thomas Carey sold 2,501 shares of the company's stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $159.76, for a total transaction of $399,559.76. Following the transaction, the vice president owned 8,800 shares in the company, valued at $1,405,888. This represents a 22.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Morgan Stanley raised their price target 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. Weiss Ratings upgraded Broadridge Financial Solutions from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, October 8th. UBS Group reissued a "neutral" rating and issued a $180.00 target price on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Finally, Royal Bank Of Canada raised their target price on Broadridge Financial Solutions from $225.00 to $226.00 and gave the stock an "outperform" rating in a research report on Monday, August 31st. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Broadridge Financial Solutions presently has a consensus rating of "Moderate Buy" and an average price target of $216.00.

Broadridge Financial Solutions Stock Performance

NYSE:BR opened at $183.29 on Friday. Broadridge Financial Solutions, Inc. has a 1 year low of $133.83 and a 1 year high of $235.27. The firm has a 50 day moving average of $171.09 and a 200-day moving average of $158.57. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $20.69 billion, a P/E ratio of 19.05 and a beta of 0.92.

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 EPS for the quarter, topping analysts' consensus estimates of $3.76 by $0.06. Broadridge Financial Solutions had a return on equity of 40.25% and a net margin of 15.04%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period in the prior year, the company earned $3.55 EPS. Broadridge Financial Solutions's revenue for the quarter was up 7.5% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. As a group, sell-side analysts anticipate that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 5th. Investors of record on Thursday, September 3rd were issued a $1.09 dividend. This is a positive change from Broadridge Financial Solutions's previous quarterly dividend of $0.9750. This represents a $4.36 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Thursday, September 3rd. Broadridge Financial Solutions's dividend payout ratio (DPR) is presently 45.32%.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc NYSE: BR is a financial technology and business services company that provides communications, data, and technology solutions to financial institutions, public companies, and investors. Its services support the administration and communication of financial information across the investment lifecycle.

The company's offerings include investor communications, proxy and corporate governance services, securities processing, trade and portfolio management, and technology platforms for wealth and investment management firms.

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