Caisse de depot et placement du Quebec Acquires New Holdings in Broadridge Financial Solutions, Inc. $BR

Key Points

• Caisse de dépôt et placement du Québec acquired 157,914 shares of Broadridge Financial Solutions in the second quarter, worth approximately $21.6 million. Institutional investors and hedge funds collectively own 90.03% of the company.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $215.86, while individual targets range from $176 to $225.
• Broadridge exceeded quarterly earnings and revenue estimates, reporting $3.82 in EPS and $2.22 billion in revenue. The company also raised its quarterly dividend from $0.97 to $1.09 per share, equivalent to a 2.4% annual yield.

Caisse de depot et placement du Quebec bought a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 157,914 shares of the business services provider's stock, valued at approximately $21,626,000. Caisse de depot et placement du Quebec owned approximately 0.14% of Broadridge Financial Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Great Valley Advisor Group Inc. grew its holdings in shares of Broadridge Financial Solutions by 5.3% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 994 shares of the business services provider's stock valued at $242,000 after buying an additional 50 shares during the period. Moneta Group Investment Advisors LLC increased its position in shares of Broadridge Financial Solutions by 3.9% in the 3rd quarter. Moneta Group Investment Advisors LLC now owns 1,608 shares of the business services provider's stock valued at $383,000 after buying an additional 61 shares in the last quarter. Bontempo Ohly Capital Mgmt LLC raised its stake in Broadridge Financial Solutions by 0.3% during the 4th quarter. Bontempo Ohly Capital Mgmt LLC now owns 18,895 shares of the business services provider's stock worth $4,217,000 after buying an additional 62 shares during the period. Appleton Partners Inc. MA raised its stake in Broadridge Financial Solutions by 0.5% during the 1st quarter. Appleton Partners Inc. MA now owns 12,137 shares of the business services provider's stock worth $1,972,000 after buying an additional 65 shares during the period. Finally, Advisory Services Network LLC lifted its holdings in Broadridge Financial Solutions by 0.5% during the fourth quarter. Advisory Services Network LLC now owns 14,580 shares of the business services provider's stock worth $3,254,000 after acquiring an additional 70 shares in the last quarter. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Weiss Ratings reissued a "hold (c-)" rating on shares of Broadridge Financial Solutions in a research note on Friday, August 7th. DA Davidson dropped their price target on Broadridge Financial Solutions from $228.00 to $214.00 and set a "buy" rating on the stock in a research report on Tuesday, May 5th. Morgan Stanley lifted their price objective on Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an "equal weight" rating in a report on Thursday, August 6th. UBS Group reiterated a "neutral" rating and issued a $180.00 price objective on shares of Broadridge Financial Solutions in a research report on Monday, August 17th. Finally, Royal Bank Of Canada increased their target price on Broadridge Financial Solutions from $200.00 to $225.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, Broadridge Financial Solutions has a consensus rating of "Moderate Buy" and a consensus target price of $215.86.

Insider Activity

In other news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $155.00, for a total value of $304,730.00. Following the sale, the insider directly owned 1 shares in the company, valued at $155. This trade represents a 99.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by company insiders.

Broadridge Financial Solutions Stock Up 0.3%

BR stock opened at $183.54 on Friday. 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 market capitalization of $20.93 billion, a P/E ratio of 19.08 and a beta of 0.87. Broadridge Financial Solutions, Inc. has a fifty-two week low of $133.83 and a fifty-two week high of $258.70. The business has a 50-day moving average of $157.05 and a 200-day moving average of $160.32.

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

Broadridge Financial Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Thursday, September 3rd will be paid a dividend of $1.09 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $4.36 annualized dividend and a dividend yield of 2.4%. This is an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.97. Broadridge Financial Solutions's dividend payout ratio (DPR) is 40.54%.

About Broadridge Financial Solutions

Broadridge Financial Solutions is a global fintech company that provides technology-driven solutions and outsourcing services to the financial services industry. The firm's core offerings center on investor communications, securities processing and post-trade services, and technology platforms that support capital markets and wealth management operations. Broadridge positions itself as a provider of mission-critical infrastructure that helps financial institutions manage regulatory requirements, investor engagement and operational complexity.

Products and services include proxy and shareholder communications, investor disclosure and digital communications, proxy voting and tabulation, clearing and settlement support, trade processing and reconciliation, and a range of software-as-a-service platforms for wealth and asset managers.

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