Quantbot Technologies LP Acquires Shares of 50,343 Broadridge Financial Solutions, Inc. $BR

Key Points

• Quantbot Technologies acquired 50,343 shares of Broadridge Financial Solutions in the second quarter, valued at approximately $6.9 million. Institutional investors collectively own about 90% of the company.
• Broadridge reported quarterly EPS of $3.82, exceeding estimates of $3.76, while revenue rose 7.5% year over year to $2.22 billion. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $215.86.
• The company increased its quarterly dividend from $0.97 to $1.09 per share, equal to an annualized dividend of $4.36 and a yield of approximately 2.4%.

Quantbot Technologies LP bought a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 50,343 shares of the business services provider's stock, valued at approximately $6,894,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Reflection Asset Management purchased a new position in Broadridge Financial Solutions in the 4th quarter valued at about $25,000. Nemes Rush Group LLC acquired a new position in shares of Broadridge Financial Solutions during the fourth quarter valued at approximately $27,000. Prosperity Bancshares Inc purchased a new position in shares of Broadridge Financial Solutions in the fourth quarter valued at approximately $28,000. WPG Advisers LLC boosted its stake in shares of Broadridge Financial Solutions by 77.5% in the fourth quarter. WPG Advisers LLC now owns 142 shares of the business services provider's stock worth $32,000 after acquiring an additional 62 shares during the last quarter. Finally, DV Equities LLC purchased a new stake in shares of Broadridge Financial Solutions during the fourth quarter worth approximately $37,000. Hedge funds and other institutional investors own 90.03% of the company's stock.

Wall Street Analyst Weigh In

BR has been the topic of a number of research reports. UBS Group restated a "neutral" rating and issued a $180.00 price objective on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Needham & Company LLC dropped their target price on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a "buy" rating for the company in a report on Friday, May 1st. Royal Bank Of Canada increased their target price on shares of Broadridge Financial Solutions from $200.00 to $225.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. Weiss Ratings reissued a "hold (c-)" rating on shares of Broadridge Financial Solutions in a research note on Friday, August 7th. Finally, Morgan Stanley boosted their price target 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 investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Broadridge Financial Solutions currently has a consensus rating of "Moderate Buy" and an average target price of $215.86.

Broadridge Financial Solutions Stock Performance

Shares of Broadridge Financial Solutions stock opened at $182.12 on Friday. The business's 50 day moving average price is $152.70 and its 200 day moving average price is $160.54. The company has a market cap of $20.77 billion, a price-to-earnings ratio of 18.93 and a beta of 0.87. 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 one year low of $133.83 and a one year high of $264.10.

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, beating the consensus estimate of $3.76 by $0.06. Broadridge Financial Solutions had a return on equity of 40.25% and a net margin of 15.04%.The company had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.17 billion. During the same period in the prior year, the business earned $3.55 EPS. The firm's quarterly 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, research analysts predict that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The company 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 is an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.97. This represents a $4.36 annualized dividend and a yield of 2.4%. Broadridge Financial Solutions's dividend payout ratio (DPR) is 40.54%.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $155.00, for a total transaction of $304,730.00. Following the transaction, the insider directly owned 1 shares of the company's stock, valued at $155. The trade was a 99.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company's stock.

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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