Handelsbanken Fonder AB Increases Stock Position in Broadridge Financial Solutions, Inc. $BR

Key Points

• Handelsbanken Fonder AB increased its Broadridge Financial Solutions stake by 13.3% in the second quarter, bringing its holdings to 52,586 shares valued at approximately $7.2 million. Institutional investors collectively own 90.03% of the company.
• Broadridge reported quarterly earnings of $3.82 per share and revenue of $2.22 billion, exceeding analyst estimates, while revenue rose 7.5% year over year. The company also raised its quarterly dividend to $1.09, implying a 2.6% annual yield.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $213.71, compared with the stock’s recent price of $170.82. An insider separately sold 1,966 shares at $155 each, reducing their ownership to one share.

Handelsbanken Fonder AB raised its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 13.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,586 shares of the business services provider's stock after acquiring an additional 6,189 shares during the quarter. Handelsbanken Fonder AB's holdings in Broadridge Financial Solutions were worth $7,202,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Patton Fund Management Inc. raised its holdings in shares of Broadridge Financial Solutions by 5.3% during the fourth quarter. Patton Fund Management Inc. now owns 974 shares of the business services provider's stock valued at $217,000 after acquiring an additional 49 shares in the last quarter. Great Valley Advisor Group Inc. increased its position in Broadridge Financial Solutions by 5.3% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 994 shares of the business services provider's stock valued at $242,000 after purchasing an additional 50 shares during the period. Moneta Group Investment Advisors LLC increased its position in Broadridge Financial Solutions by 3.9% during 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 purchasing an additional 61 shares during the period. WPG Advisers LLC increased its position in Broadridge Financial Solutions by 77.5% during the 4th quarter. WPG Advisers LLC now owns 142 shares of the business services provider's stock valued at $32,000 after purchasing an additional 62 shares during the period. Finally, Bontempo Ohly Capital Mgmt LLC raised its holdings in Broadridge Financial Solutions by 0.3% in 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 purchasing an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 90.03% of the company's stock.

Insider Buying and Selling at Broadridge Financial Solutions

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

Broadridge Financial Solutions Stock Performance

Shares of Broadridge Financial Solutions stock opened at $170.82 on Friday. Broadridge Financial Solutions, Inc. has a 12 month low of $133.83 and a 12 month high of $265.37. The firm has a market capitalization of $19.48 billion, a P/E ratio of 17.76 and a beta of 0.87. 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 business has a fifty day simple moving average of $149.92 and a two-hundred day simple moving average of $161.51.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share for the quarter, topping analysts' consensus estimates of $3.76 by $0.06. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.17 billion. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. The company's revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.55 EPS. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. On average, 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Shareholders 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 yield of 2.6%. This is a boost from Broadridge Financial Solutions's previous quarterly dividend of $0.97. The ex-dividend date is Thursday, September 3rd. Broadridge Financial Solutions's dividend payout ratio is currently 45.32%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Broadridge Financial Solutions in a research report on Friday, August 7th. DA Davidson reduced their price target on shares of 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. UBS Group lowered their price objective on shares of Broadridge Financial Solutions from $250.00 to $165.00 and set a "neutral" rating for the company in a report on Monday, May 4th. Royal Bank Of Canada lifted their price objective on Broadridge Financial Solutions from $200.00 to $225.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. Finally, Needham & Company LLC reduced their target price on Broadridge Financial Solutions from $255.00 to $230.00 and set a "buy" rating on the stock in a report on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Broadridge Financial Solutions has a consensus rating of "Moderate Buy" and a consensus target price of $213.71.

Broadridge Financial Solutions Profile

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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