GAMMA Investing LLC Acquires 14,410 Shares of Broadridge Financial Solutions, Inc. $BR

Key Points

• GAMMA Investing LLC increased its Broadridge Financial Solutions stake by 160.3% in the third quarter, purchasing 14,410 additional shares for a total holding valued at approximately $3.77 million. Institutional investors collectively own 90.03% of the company.
• Broadridge reported quarterly earnings of $3.82 per share, exceeding analyst estimates, while revenue rose 7.5% year over year to $2.22 billion. The company also raised its quarterly dividend to $1.09 per share, implying a 2.6% yield.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $216, well above the stock’s reported $165.13 opening price.

GAMMA Investing LLC grew its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 160.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,400 shares of the business services provider's stock after purchasing an additional 14,410 shares during the quarter. GAMMA Investing LLC's holdings in Broadridge Financial Solutions were worth $3,770,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Reflection Asset Management acquired a new stake in Broadridge Financial Solutions during the 4th quarter worth approximately $25,000. Security National Bank of SO Dak purchased a new position in Broadridge Financial Solutions in the 2nd quarter valued at approximately $26,000. Markowski Investments acquired a new position in shares of Broadridge Financial Solutions in the second quarter worth $27,000. Bell Investment Advisors Inc acquired a new position in shares of Broadridge Financial Solutions in the second quarter worth $29,000. Finally, Jones Financial Companies Lllp purchased a new stake in shares of Broadridge Financial Solutions during the second quarter worth $33,000. Institutional investors and hedge funds own 90.03% of the company's stock.

Broadridge Financial Solutions Trading Up 3.1%

BR opened at $165.13 on Friday. Broadridge Financial Solutions, Inc. has a one year low of $133.83 and a one year high of $237.39. The company has a market cap of $18.64 billion, a P/E ratio of 17.17 and a beta of 0.92. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.24 and a current ratio of 1.24. The business's 50-day simple moving average is $169.31 and its 200-day simple moving average is $157.59.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share for the quarter, topping the consensus estimate of $3.76 by $0.06. The firm had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.17 billion. Broadridge Financial Solutions had a return on equity of 40.25% and a net margin of 15.04%.The firm's revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.55 earnings per share. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. As a group, 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. Stockholders of record on Thursday, September 3rd were given a dividend of $1.09 per share. The ex-dividend date was Thursday, September 3rd. This represents a $4.36 annualized dividend and a dividend yield of 2.6%. This is a boost from Broadridge Financial Solutions's previous quarterly dividend of $0.9750. Broadridge Financial Solutions's payout ratio is presently 45.32%.

Insider Activity

In other news, VP Thomas Carey sold 2,501 shares of the company's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $159.76, for a total value of $399,559.76. Following the completion of the transaction, the vice president owned 8,800 shares in the company, valued at approximately $1,405,888. This represents a 22.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.00% of the company's stock.

Analyst Ratings Changes

BR has been the topic of several analyst reports. Royal Bank Of Canada increased their price objective on Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an "outperform" rating in a research note on Monday, August 31st. Morgan Stanley boosted their target price on 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 restated a "neutral" rating and set a $180.00 price target on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Broadridge Financial Solutions in a research report on Friday, August 7th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $216.00.

Broadridge Financial Solutions 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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