Broadridge Financial Solutions, Inc. $BR Stake Decreased by Bell Asset Management Ltd

Key Points

• Bell Asset Management cut its Broadridge Financial Solutions stake by 30.7% in the third quarter, selling 7,609 shares and retaining 17,180 shares worth approximately $2.77 million. Institutional investors collectively own 90.03% of the company.
• Analysts maintain a generally positive outlook, with four Buy and four Hold ratings producing a consensus “Moderate Buy” rating and an average price target of $216.
• Broadridge exceeded quarterly earnings and revenue estimates, reporting $3.82 in EPS and $2.22 billion in revenue, while raising its quarterly dividend to $1.09 per share—a 2.6% yield.

Bell Asset Management Ltd decreased its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 30.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,180 shares of the business services provider's stock after selling 7,609 shares during the quarter. Bell Asset Management Ltd's holdings in Broadridge Financial Solutions were worth $2,768,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Reflection Asset Management acquired a new position in shares of Broadridge Financial Solutions during the 4th quarter worth $25,000. Security National Bank of SO Dak acquired a new stake in shares of Broadridge Financial Solutions in the second quarter valued at about $26,000. Markowski Investments purchased a new stake in Broadridge Financial Solutions during the second quarter worth about $27,000. Bell Investment Advisors Inc purchased a new stake in Broadridge Financial Solutions during the second quarter worth about $29,000. Finally, Evolution Wealth Management Inc. acquired a new position in Broadridge Financial Solutions during the first quarter worth about $36,000. Institutional investors and hedge funds own 90.03% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BR shares. Royal Bank Of Canada lifted their price target on shares of Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an "outperform" rating in a research report on Monday, August 31st. UBS Group restated 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. Finally, Morgan Stanley boosted their target price on Broadridge Financial Solutions from $169.00 to $176.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, Broadridge Financial Solutions currently has a consensus rating of "Moderate Buy" and an average price target of $216.00.

Broadridge Financial Solutions Stock Performance

Shares of BR opened at $165.13 on Friday. Broadridge Financial Solutions, Inc. has a 12-month low of $133.83 and a 12-month high of $237.39. The stock has a market cap of $18.64 billion, a P/E ratio of 17.17 and a beta of 0.92. 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 company has a 50-day moving average of $169.31 and a two-hundred day moving average of $157.59.

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, 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 analyst estimates of $2.17 billion. During the same period in the prior year, the business earned $3.55 earnings per share. The company's quarterly revenue 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, research analysts predict that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 5th. Stockholders of record on Thursday, September 3rd were given a $1.09 dividend. This is an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.9750. This represents a $4.36 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Thursday, September 3rd. Broadridge Financial Solutions's dividend payout ratio (DPR) is currently 45.32%.

Insider Activity at Broadridge Financial Solutions

In related news, VP Thomas Carey sold 2,501 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $159.76, for a total transaction of $399,559.76. Following the sale, the vice president owned 8,800 shares of the company's stock, valued at $1,405,888. This trade represents a 22.13% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 currently owned by insiders.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc is a financial technology and services company that provides communications, technology and data solutions to financial institutions, public companies and other organizations. Its platforms support critical business processes across investor communications, capital markets, wealth management and corporate governance.

The company's services include proxy and regulatory communications, shareholder and customer communications, securities processing, trading and operations technology, portfolio and wealth management tools, and governance solutions.

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