Paralel Advisors LLC Takes Position in Broadridge Financial Solutions, Inc. $BR

Key Points

• Paralel Advisors LLC acquired 14,218 Broadridge shares in the second quarter, valued at approximately $1.95 million. Institutional investors collectively own 90.03% of the company.
• Analysts maintain a generally positive outlook, with four Buy and four Hold ratings, an average “Moderate Buy” consensus, and an average price target of $216.
• Broadridge beat quarterly earnings and revenue estimates, reporting $3.82 in EPS and $2.22 billion in revenue, while increasing its quarterly dividend to $1.09 per share, equivalent to a 2.5% yield.

Paralel Advisors LLC acquired a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 14,218 shares of the business services provider's stock, valued at approximately $1,947,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in shares of Broadridge Financial Solutions during the 4th quarter worth approximately $580,000. Empowered Funds LLC raised its holdings in Broadridge Financial Solutions by 41.5% during the first 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 during the last quarter. Woodline Partners LP boosted its position in Broadridge Financial Solutions by 6.9% during the first quarter. Woodline Partners LP now owns 9,886 shares of the business services provider's stock worth $2,397,000 after purchasing an additional 635 shares in the last quarter. Acadian Asset Management LLC boosted its position in Broadridge Financial Solutions by 480.8% during the first quarter. Acadian Asset Management LLC now owns 2,544 shares of the business services provider's stock worth $616,000 after purchasing an additional 2,106 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in Broadridge Financial Solutions by 8.5% in the second quarter. Cerity Partners LLC now owns 25,523 shares of the business services provider's stock valued at $6,203,000 after purchasing an additional 2,004 shares during the last quarter. Hedge funds and other institutional investors own 90.03% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on BR shares. UBS Group reaffirmed a "neutral" rating and set a $180.00 price target on shares of Broadridge Financial Solutions in a research note on Monday, August 17th. 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 research report on Thursday, August 6th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Broadridge Financial Solutions in a report on Friday, August 7th. Finally, Royal Bank Of Canada boosted their price target on Broadridge Financial Solutions from $225.00 to $226.00 and gave the stock an "outperform" rating in a report on Monday, August 31st. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $216.00.

Broadridge Financial Solutions Price Performance

BR stock opened at $173.01 on Monday. Broadridge Financial Solutions, Inc. has a 52-week low of $133.83 and a 52-week high of $255.74. The stock's fifty day simple moving average is $161.16 and its 200-day simple moving average is $160.43. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $19.73 billion, a price-to-earnings ratio of 17.98 and a beta of 0.90.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The business services provider reported $3.82 EPS for the quarter, beating analysts' consensus estimates of $3.76 by $0.06. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.17 billion. Broadridge Financial Solutions had a return on equity of 40.25% and a net margin of 15.04%.The business's revenue for the quarter was up 7.5% on a year-over-year basis. 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. Equities research analysts expect that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The firm also recently declared 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 is a positive change from Broadridge Financial Solutions's previous quarterly dividend of $0.97. The ex-dividend date is Thursday, September 3rd. This represents a $4.36 annualized dividend and a yield of 2.5%. Broadridge Financial Solutions's dividend payout ratio (DPR) is presently 45.32%.

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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