Broadridge Financial Solutions, Inc. $BR Stock Acquired by Sax Wealth Advisors LLC

Key Points

• Sax Wealth Advisors increased its Broadridge Financial Solutions position by 547.4% in the third quarter, acquiring 7,910 additional shares for a total holding valued at approximately $1.51 million. Institutional investors collectively own 90.03% of the company.
• Broadridge reported quarterly revenue of $2.22 billion and EPS of $3.82, beating analyst estimates while revenue grew 7.5% year over year. The company issued fiscal 2027 EPS guidance of $10.37–$10.75.
• The company raised its quarterly dividend to $1.09 per share, equivalent to a 2.6% yield, while analysts maintained a “Moderate Buy” consensus rating with an average price target of $216.

Sax Wealth Advisors LLC lifted its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 547.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,355 shares of the business services provider's stock after purchasing an additional 7,910 shares during the quarter. Sax Wealth Advisors LLC's holdings in Broadridge Financial Solutions were worth $1,507,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Fragasso Financial Advisors Inc grew its position in Broadridge Financial Solutions by 14.2% during the third quarter. Fragasso Financial Advisors Inc now owns 1,836 shares of the business services provider's stock valued at $304,000 after buying an additional 228 shares during the period. NorthCrest Asset Manangement LLC purchased a new position in Broadridge Financial Solutions in the third quarter valued at $2,474,000. Tilia Fiduciary Partners Inc. increased its holdings in Broadridge Financial Solutions by 8.7% in the third quarter. Tilia Fiduciary Partners Inc. now owns 15,089 shares of the business services provider's stock valued at $2,431,000 after buying an additional 1,205 shares in the last quarter. Valley Wealth Managers Inc. raised its position in shares of Broadridge Financial Solutions by 230.8% in the third quarter. Valley Wealth Managers Inc. now owns 172 shares of the business services provider's stock worth $28,000 after acquiring an additional 120 shares during the period. Finally, Atlas Brown Inc. acquired a new position in shares of Broadridge Financial Solutions in the third quarter worth about $219,000. 90.03% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, VP Thomas Carey sold 2,501 shares of the stock in a transaction on 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 directly 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 document filed with the SEC, which is accessible through this hyperlink. 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 Trading Up 1.2%

Shares of BR stock opened at $168.42 on Wednesday. Broadridge Financial Solutions, Inc. has a 1-year low of $133.83 and a 1-year high of $236.02. The company has a market cap of $19.01 billion, a price-to-earnings ratio of 17.51 and a beta of 0.92. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a 50 day simple moving average of $169.71 and a 200-day simple moving average of $157.60.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter last year, the company earned $3.55 EPS. The firm's revenue for the quarter was up 7.5% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. On average, equities research analysts expect 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. Shareholders of record on Thursday, September 3rd were issued a dividend of $1.09 per share. The ex-dividend date of this dividend was Thursday, September 3rd. This is a positive change from Broadridge Financial Solutions's previous quarterly dividend of $0.9750. This represents a $4.36 annualized dividend and a yield of 2.6%. Broadridge Financial Solutions's payout ratio is 45.32%.

Analyst Upgrades and Downgrades

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

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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