Jupiter Topco LLC Buys New Position in Broadridge Financial Solutions, Inc. $BR

Jupiter Topco LLC purchased a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,912,032 shares of the business services provider's stock, valued at approximately $261,852,000. Jupiter Topco LLC owned approximately 1.68% of Broadridge Financial Solutions as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of BR. Hsbc Holdings PLC purchased a new stake in shares of Broadridge Financial Solutions during the second quarter valued at approximately $43,726,000. EFG International AG acquired a new stake in Broadridge Financial Solutions during the 2nd quarter valued at $4,354,000. Ancora Advisors LLC acquired a new stake in Broadridge Financial Solutions during the 2nd quarter valued at $555,000. Canada Pension Plan Investment Board purchased a new position in Broadridge Financial Solutions in the 2nd quarter valued at about $33,540,000. Finally, Legal & General Group Plc acquired a new position in shares of Broadridge Financial Solutions in the second quarter worth about $99,172,000. Institutional investors and hedge funds own 90.03% of the company's stock.

Broadridge Financial Solutions Trading Down 0.4%

Broadridge Financial Solutions stock opened at $184.76 on Wednesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.24 and a current ratio of 1.24. Broadridge Financial Solutions, Inc. has a 1 year low of $133.83 and a 1 year high of $259.02. The firm's 50-day moving average is $154.38 and its 200-day moving average is $160.24. The company has a market cap of $21.07 billion, a P/E ratio of 19.21 and a beta of 0.87.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share (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 firm had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter last year, the company posted $3.55 earnings per share. Broadridge Financial Solutions'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. On average, equities analysts expect that Broadridge Financial Solutions, Inc. will post 10.54 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

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

Insider Transactions at Broadridge Financial Solutions

In related news, insider Hope M. Jarkowski sold 1,966 shares of the company's stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $155.00, for a total transaction of $304,730.00. Following the completion of the transaction, the insider directly owned 1 shares in the company, valued at $155. This represents a 99.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

BR has been the topic of several analyst reports. Needham & Company LLC dropped their price objective 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. UBS Group restated a "neutral" rating and issued a $180.00 price target on shares of Broadridge Financial Solutions in a research note on Monday, August 17th. DA Davidson cut 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 report on Tuesday, May 5th. Royal Bank Of Canada increased their price objective on shares of Broadridge Financial Solutions from $200.00 to $225.00 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. Finally, Morgan Stanley boosted their target price on shares of Broadridge Financial Solutions from $169.00 to $176.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 6th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $215.86.

Broadridge Financial Solutions Company 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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