QRG Capital Management Inc. Buys 87,688 Shares of Broadridge Financial Solutions, Inc. $BR

Key Points

• QRG Capital Management increased its Broadridge stake by 816.7%, purchasing 87,688 additional shares to hold 98,425 shares worth approximately $13.5 million. Institutional investors collectively own 90.03% of the company.
• Broadridge exceeded quarterly expectations, reporting adjusted EPS of $3.82 versus $3.76 expected and revenue of $2.22 billion versus $2.17 billion, with revenue up 7.5% year over year.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and a $216 price target. The company also raised its quarterly dividend to $1.09 per share, equal to a 2.7% annualized yield.

QRG Capital Management Inc. boosted its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 816.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 98,425 shares of the business services provider's stock after buying an additional 87,688 shares during the quarter. QRG Capital Management Inc. owned approximately 0.09% of Broadridge Financial Solutions worth $13,479,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BR. Reflection Asset Management bought a new position in Broadridge Financial Solutions during the 4th quarter worth approximately $25,000. Security National Bank of SO Dak acquired a new stake in shares of Broadridge Financial Solutions during the second quarter worth $26,000. Nemes Rush Group LLC acquired a new position in Broadridge Financial Solutions in the fourth quarter valued at $27,000. Markowski Investments acquired a new position in Broadridge Financial Solutions in the second quarter valued at $27,000. Finally, Bell Investment Advisors Inc bought a new stake in Broadridge Financial Solutions during the second quarter valued at $29,000. Institutional investors and hedge funds own 90.03% of the company's stock.

Trending Headlines about Broadridge Financial Solutions

Here are the key news stories impacting Broadridge Financial Solutions this week:

• Positive Sentiment: New wealth-management president: Broadridge appointed Boaz Lahovitsky as president of Wealth Management. The veteran executive will oversee the segment’s next phase of growth, innovation and transformation, potentially strengthening the company’s strategy in a key recurring-revenue business. Boaz Lahovitsky Joins Broadridge as President of Wealth Management
• Positive Sentiment: Analyst confidence in recurring revenue: RBC said Broadridge’s focus on sustainable growth is increasing its conviction in the company’s recurring-revenue outlook. This supports the investment case for predictable cash flow and may help offset concerns about valuation or slower growth. Broadridge's Focus on Sustainability of Growth
• Positive Sentiment: Recent earnings momentum: Broadridge’s latest results exceeded expectations, with adjusted earnings of $3.82 per share versus the $3.76 consensus and revenue of $2.22 billion versus $2.17 billion expected. Revenue grew 7.5% year over year, while management’s fiscal 2027 earnings guidance remains consistent with analysts’ estimates.
• Neutral Sentiment: Industry positioning: Broadridge participated in a Treasury-market central-clearing survey showing broad industry readiness but continued work ahead of the repo-market deadline. The findings reinforce Broadridge’s role in financial-market infrastructure but do not represent a direct change to its earnings outlook. U.S. Treasury Central Clearing Survey

Analyst Upgrades and Downgrades

Several analysts have recently commented on BR shares. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Broadridge Financial Solutions in a research report on Friday, August 7th. Royal Bank Of Canada boosted their price objective on 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 target price on shares of Broadridge Financial Solutions in a research report on Monday, August 17th. Finally, Morgan Stanley increased their target price 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 analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Broadridge Financial Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of $216.00.

Broadridge Financial Solutions Price Performance

BR stock opened at $163.76 on Thursday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.24 and a current ratio of 1.24. The business has a 50-day simple moving average of $167.05 and a two-hundred day simple moving average of $159.13. The company has a market capitalization of $18.67 billion, a P/E ratio of 17.02 and a beta of 0.90. Broadridge Financial Solutions, Inc. has a 52-week low of $133.83 and a 52-week high of $239.60.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The business services provider reported $3.82 EPS for the quarter, topping the consensus estimate of $3.76 by $0.06. The firm 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 company's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business posted $3.55 earnings per share. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. Research analysts expect that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Thursday, September 3rd will be paid a dividend of $1.09 per share. This is a boost 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 2.7%. Broadridge Financial Solutions's dividend payout ratio (DPR) is 45.32%.

Broadridge Financial Solutions 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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