Engineers Gate Manager LP Lowers Holdings in Broadridge Financial Solutions, Inc. $BR

Key Points

• Engineers Gate Manager LP cut its Broadridge Financial Solutions stake by 57% in the second quarter, selling 93,208 shares and retaining 70,184 shares valued at approximately $9.6 million. Institutional investors collectively own 90.03% of the company.
• Broadridge exceeded quarterly expectations, reporting $3.82 in EPS on $2.22 billion in revenue, with revenue increasing 7.5% year over year. The company provided fiscal 2027 EPS guidance of $10.37–$10.75.
• The company raised its quarterly dividend to $1.09 per share, equal to an annualized $4.36 dividend and a 2.6% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $216.

Engineers Gate Manager LP lowered its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 57.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,184 shares of the business services provider's stock after selling 93,208 shares during the quarter. Engineers Gate Manager LP owned approximately 0.06% of Broadridge Financial Solutions worth $9,612,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BR. Pinnacle Wealth Management Advisory Group LLC lifted its holdings in Broadridge Financial Solutions by 32.6% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,011 shares of the business services provider's stock worth $275,000 after purchasing an additional 494 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Broadridge Financial Solutions by 1.2% in the 2nd quarter. NewEdge Advisors LLC now owns 15,192 shares of the business services provider's stock worth $2,081,000 after purchasing an additional 180 shares during the period. IFP Advisors Inc grew its holdings in Broadridge Financial Solutions by 11.8% during the 2nd quarter. IFP Advisors Inc now owns 2,107 shares of the business services provider's stock valued at $289,000 after buying an additional 222 shares in the last quarter. Squarepoint Ops LLC grew its holdings in Broadridge Financial Solutions by 97.7% during the 2nd quarter. Squarepoint Ops LLC now owns 139,172 shares of the business services provider's stock valued at $19,060,000 after buying an additional 68,762 shares in the last quarter. Finally, Mraz Amerine & Associates Inc. raised its position in shares of Broadridge Financial Solutions by 1.9% during the second quarter. Mraz Amerine & Associates Inc. now owns 10,699 shares of the business services provider's stock valued at $1,465,000 after buying an additional 200 shares during the last quarter. Institutional investors own 90.03% of the company's stock.

Broadridge Financial Solutions Price Performance

Broadridge Financial Solutions stock opened at $168.09 on Friday. The company has a market cap of $19.17 billion, a price-to-earnings ratio of 17.47 and a beta of 0.90. The firm's fifty day moving average is $163.55 and its 200 day moving average is $160.23. 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 52-week low of $133.83 and a 52-week high of $255.74.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The business services provider reported $3.82 EPS for the quarter, topping 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 business had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.17 billion. During the same period last year, the company posted $3.55 EPS. The business's 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. 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 firm also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Thursday, September 3rd will be issued a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, September 3rd. This is a positive change from Broadridge Financial Solutions's previous quarterly dividend of $0.97. Broadridge Financial Solutions's payout ratio is 45.32%.

Analysts Set New Price Targets

Several research firms recently weighed in on BR. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Broadridge Financial Solutions in a research note on Friday, August 7th. Morgan Stanley boosted their price target 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. UBS Group reissued a "neutral" rating and set a $180.00 price objective on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Finally, Royal Bank Of Canada raised their price objective 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. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Broadridge Financial Solutions has a consensus rating of "Moderate Buy" and a consensus price target of $216.00.

About Broadridge Financial Solutions

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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