Nykredit A S Purchases New Shares in Broadridge Financial Solutions, Inc. $BR

Key Points

• Nykredit A/S acquired 56,236 shares of Broadridge Financial Solutions in the second quarter, valued at approximately $7.7 million. Institutional investors and hedge funds collectively own 90.03% of the company.
• Analysts maintain a generally positive outlook, with an average rating of “Moderate Buy” and an average price target of $216, despite individual ratings ranging from Hold to Outperform.
• Broadridge exceeded quarterly earnings and revenue expectations, reporting $3.82 in EPS and $2.22 billion in revenue, while raising its quarterly dividend from $0.97 to $1.09 per share.

Nykredit A S acquired a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 56,236 shares of the business services provider's stock, valued at approximately $7,702,000.

A number of other large investors have also modified their holdings of BR. Strs Ohio grew its holdings in Broadridge Financial Solutions by 25.8% in the first quarter. Strs Ohio now owns 48,787 shares of the business services provider's stock valued at $7,927,000 after purchasing an additional 9,996 shares during the period. Counterpoint Mutual Funds LLC acquired a new position in shares of Broadridge Financial Solutions during the 1st quarter worth approximately $4,211,000. Empowered Funds LLC lifted its position in shares of Broadridge Financial Solutions by 29.9% during the 1st quarter. Empowered Funds LLC now owns 48,430 shares of the business services provider's stock valued at $7,869,000 after buying an additional 11,152 shares in the last quarter. UNIVEST FINANCIAL Corp purchased a new position in shares of Broadridge Financial Solutions during the 1st quarter valued at approximately $8,227,000. Finally, Western Wealth Management LLC acquired a new stake in Broadridge Financial Solutions in the 1st quarter valued at $959,000. Institutional investors and hedge funds own 90.03% of the company's stock.

Wall Street Analysts Forecast Growth

BR has been the subject of several recent analyst reports. Weiss Ratings reissued a "hold (c-)" rating on shares of Broadridge Financial Solutions in a report 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 research report on Monday, August 31st. UBS Group restated 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 lifted their price objective on Broadridge Financial Solutions from $169.00 to $176.00 and gave the stock 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 assigned a Hold rating to the company's stock. According to data from MarketBeat, Broadridge Financial Solutions presently has an average rating of "Moderate Buy" and an average price target of $216.00.

Broadridge Financial Solutions Stock Performance

NYSE:BR opened at $164.75 on Tuesday. The company has a market cap of $18.78 billion, a P/E ratio of 17.13 and a beta of 0.90. Broadridge Financial Solutions, Inc. has a twelve month low of $133.83 and a twelve month high of $242.26. The company's 50-day moving average price is $166.38 and its 200-day moving average price is $159.50. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.15.

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 business 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 revenue was up 7.5% on a year-over-year basis. During the same period last year, the company posted $3.55 EPS. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. On average, sell-side 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 company also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Thursday, September 3rd will be issued 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 dividend yield of 2.6%. This is an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.97. Broadridge Financial Solutions's payout ratio is 45.32%.

Broadridge Financial Solutions Company Profile

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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