National Pension Service Cuts Holdings in Broadridge Financial Solutions, Inc. $BR

Key Points

• National Pension Service cut its Broadridge Financial Solutions stake by 68.3% in the second quarter, selling 151,071 shares and retaining 70,060 shares worth 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 also raised its quarterly dividend from $0.97 to $1.09 per share, representing a 2.6% annualized yield.
• BR shares opened at $167.64, while analysts maintained a “Moderate Buy” consensus and an average price target of $216.00; ratings included four Buys and four Holds.

National Pension Service lowered its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 68.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,060 shares of the business services provider's stock after selling 151,071 shares during the quarter. National Pension Service owned 0.06% of Broadridge Financial Solutions worth $9,595,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at about $580,000. Empowered Funds LLC increased its position in Broadridge Financial Solutions by 41.5% during the 1st quarter. Empowered Funds LLC now owns 3,957 shares of the business services provider's stock worth $959,000 after purchasing an additional 1,160 shares in the last quarter. Woodline Partners LP raised its holdings in Broadridge Financial Solutions by 6.9% in the first quarter. Woodline Partners LP now owns 9,886 shares of the business services provider's stock valued at $2,397,000 after buying an additional 635 shares during the period. Acadian Asset Management LLC raised its holdings in Broadridge Financial Solutions by 480.8% in the first quarter. Acadian Asset Management LLC now owns 2,544 shares of the business services provider's stock valued at $616,000 after buying an additional 2,106 shares during the period. Finally, Cerity Partners LLC lifted its position in Broadridge Financial Solutions by 8.5% during the second quarter. Cerity Partners LLC now owns 25,523 shares of the business services provider's stock valued at $6,203,000 after buying an additional 2,004 shares in the last quarter. Institutional investors and hedge funds own 90.03% of the company's stock.

Broadridge Financial Solutions Stock Down 0.4%

NYSE BR opened at $167.64 on Friday. The stock has a market cap of $19.11 billion, a PE ratio of 17.43 and a beta of 0.90. Broadridge Financial Solutions, Inc. has a fifty-two week low of $133.83 and a fifty-two week high of $255.74. The business has a 50 day moving average price of $164.02 and a two-hundred day moving average price of $160.28. 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 (NYSE:BR - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.17 billion. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. The business's quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $3.55 earnings per share. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. As a group, sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The company 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 dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a 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 dividend payout ratio (DPR) is 45.32%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BR. Weiss Ratings reiterated a "hold (c-)" rating on shares of Broadridge Financial Solutions in a research note on Friday, August 7th. Royal Bank Of Canada lifted their target price on shares of Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an "outperform" rating in a report on Monday, August 31st. UBS Group reaffirmed a "neutral" rating and set a $180.00 price target on shares of Broadridge Financial Solutions in a research report on Monday, August 17th. Finally, Morgan Stanley increased their price target 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. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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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