Broadridge Financial Solutions, Inc. $BR Stock Position Lifted by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions increased its Broadridge Financial Solutions stake by 218.2% in the second quarter, bringing its holdings to 14,970 shares valued at approximately $2.05 million. Institutional investors collectively own 90.03% of BR.
• Broadridge exceeded quarterly expectations, reporting $3.82 in EPS and $2.22 billion in revenue, with revenue up 7.5% year over year. Analysts have a “Moderate Buy” consensus rating and an average price target of $216.
• The company raised its quarterly dividend to $1.09 per share, or $4.36 annually, representing a 2.7% yield and a 45.32% payout ratio.

Envestnet Portfolio Solutions Inc. raised its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 218.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,970 shares of the business services provider's stock after purchasing an additional 10,266 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Broadridge Financial Solutions were worth $2,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in BR. Andra AP fonden raised its holdings in shares of Broadridge Financial Solutions by 96.5% in the 2nd quarter. Andra AP fonden now owns 170,757 shares of the business services provider's stock worth $23,385,000 after purchasing an additional 83,857 shares during the period. Silicon Valley Capital Partners bought a new position in Broadridge Financial Solutions during the second quarter valued at $144,000. Security National Bank of SO Dak purchased a new stake in Broadridge Financial Solutions in the second quarter worth $26,000. Reynders McVeigh Capital Management LLC purchased a new stake in Broadridge Financial Solutions in the second quarter worth $11,976,000. Finally, Tidal Investments LLC increased its position in Broadridge Financial Solutions by 98.7% in the second quarter. Tidal Investments LLC now owns 104,615 shares of the business services provider's stock worth $14,327,000 after buying an additional 51,975 shares during the last quarter. 90.03% of the stock is owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Stock Performance

Shares of BR opened at $163.94 on Friday. Broadridge Financial Solutions, Inc. has a 12-month low of $133.83 and a 12-month high of $238.73. 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 market cap of $18.69 billion, a PE ratio of 17.04 and a beta of 0.90. The stock has a 50-day moving average price of $167.53 and a 200-day moving average price of $158.92.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.76 by $0.06. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.17 billion. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. Broadridge Financial Solutions's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the business 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 analysts forecast that Broadridge Financial Solutions, Inc. will post 10.54 earnings per share for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Thursday, September 3rd will be paid a $1.09 dividend. This is a boost from Broadridge Financial Solutions's previous quarterly dividend of $0.9750. This represents a $4.36 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, September 3rd. Broadridge Financial Solutions's payout ratio is currently 45.32%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BR. UBS Group reaffirmed a "neutral" rating and set a $180.00 price target on shares of Broadridge Financial Solutions in a research report on Monday, August 17th. Royal Bank Of Canada lifted their price objective on Broadridge Financial Solutions from $225.00 to $226.00 and gave the stock an "outperform" rating in a report on Monday, August 31st. Morgan Stanley boosted their price objective 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. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Broadridge Financial Solutions in a report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Broadridge Financial Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $216.00.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc NYSE: BR is a global financial technology company that provides technology, communications and data solutions to financial services firms, public companies and other organizations. Its services support critical business processes across the financial markets, including investor communications, securities processing, capital markets operations and wealth management.

The company's offerings include proxy and regulatory communications, shareholder communications, trading and operations platforms, portfolio and order management tools, and technology for banks, broker-dealers, asset managers and wealth managers.

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