Broadridge Financial Solutions, Inc. $BR Stock Bought by Mn Services Vermogensbeheer B.V.

Key Points

• Mn Services Vermogensbeheer B.V. increased its Broadridge Financial Solutions stake by 302.5% in the third quarter, adding 101,975 shares for a total position worth about $21.9 million. Institutional investors collectively own 90.03% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $216, above the reported share price of $165.13.
• Broadridge exceeded quarterly earnings and revenue expectations, reporting $3.82 EPS and $2.22 billion in revenue, while revenue rose 7.5% year over year. The company also raised its quarterly dividend to $1.09, providing an annualized yield of approximately 2.6%.

Mn Services Vermogensbeheer B.V. grew its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 302.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,681 shares of the business services provider's stock after buying an additional 101,975 shares during the quarter. Mn Services Vermogensbeheer B.V. owned approximately 0.12% of Broadridge Financial Solutions worth $21,858,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Broadridge Financial Solutions in the 2nd quarter valued at approximately $1,473,918,000. Jupiter Topco LLC purchased a new position in Broadridge Financial Solutions during the 2nd quarter worth approximately $261,852,000. The Manufacturers Life Insurance Company acquired a new stake in Broadridge Financial Solutions during the 2nd quarter valued at $197,921,000. Van ECK Associates Corp raised its stake in Broadridge Financial Solutions by 110.6% during the 4th quarter. Van ECK Associates Corp now owns 1,475,283 shares of the business services provider's stock valued at $329,239,000 after purchasing an additional 774,747 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Broadridge Financial Solutions in the second quarter valued at $101,738,000. 90.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. UBS Group reiterated a "neutral" rating and set a $180.00 price target on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Royal Bank Of Canada increased their price objective on Broadridge Financial Solutions from $225.00 to $226.00 and gave the stock an "outperform" rating in a research note on Monday, August 31st. Weiss Ratings restated a "hold (c-)" rating on shares of Broadridge Financial Solutions in a research report on Friday, August 7th. Finally, Morgan Stanley lifted their target price on Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an "equal weight" rating in a research note on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $216.00.

Insiders Place Their Bets

In other news, VP Thomas Carey sold 2,501 shares of the firm's stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $159.76, for a total transaction of $399,559.76. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 3.1%

Broadridge Financial Solutions stock opened at $165.13 on Friday. The company's fifty day simple moving average is $169.31 and its 200-day simple moving average is $157.59. 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 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.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The business services provider reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the company earned $3.55 earnings per share. Broadridge Financial Solutions's quarterly revenue 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. As a group, sell-side analysts forecast that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

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

About Broadridge Financial Solutions

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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