Second Line Capital LLC Cuts Holdings in Broadridge Financial Solutions, Inc. $BR

Key Points

• Second Line Capital cut its Broadridge Financial Solutions stake by 85.4% in the second quarter, retaining 2,155 shares valued at approximately $310,000. Institutional investors overall own 90.03% of the company.
• Analysts maintain a generally positive outlook, with the stock receiving a “Moderate Buy” consensus rating and an average price target of $216, versus its reported opening price of $173.01.
• Broadridge exceeded quarterly earnings and revenue estimates, reporting $3.82 in EPS and $2.22 billion in revenue, while raising its quarterly dividend from $0.97 to $1.09 per share.

Second Line Capital LLC trimmed its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 85.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,155 shares of the business services provider's stock after selling 12,651 shares during the quarter. Second Line Capital LLC's holdings in Broadridge Financial Solutions were worth $310,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. California State Teachers Retirement System grew its holdings in Broadridge Financial Solutions by 13,091.8% during the 2nd quarter. California State Teachers Retirement System now owns 26,629,243 shares of the business services provider's stock valued at $3,646,875,000 after buying an additional 26,427,381 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Broadridge Financial Solutions during the 2nd quarter worth approximately $1,473,918,000. State Street Corp boosted its position in shares of Broadridge Financial Solutions by 6.7% during the 4th quarter. State Street Corp now owns 5,994,841 shares of the business services provider's stock valued at $1,343,572,000 after acquiring an additional 375,699 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Broadridge Financial Solutions by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 3,354,869 shares of the business services provider's stock valued at $746,062,000 after acquiring an additional 12,524 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of Broadridge Financial Solutions by 1.8% in the fourth quarter. Barclays PLC now owns 2,007,968 shares of the business services provider's stock valued at $448,118,000 after purchasing an additional 35,169 shares in the last quarter. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Broadridge Financial Solutions Price Performance

Shares of Broadridge Financial Solutions stock opened at $173.01 on Tuesday. The stock has a market cap of $19.73 billion, a price-to-earnings ratio of 17.98 and a beta of 0.90. 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 stock has a 50 day moving average price of $161.89 and a 200-day moving average price of $160.42. Broadridge Financial Solutions, Inc. has a one year low of $133.83 and a one year high of $255.74.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 40.25% and a net margin of 15.04%.Broadridge Financial Solutions's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.55 EPS. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. Equities analysts expect that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Thursday, September 3rd will be paid a $1.09 dividend. This is an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.97. This represents a $4.36 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, September 3rd. Broadridge Financial Solutions's payout ratio is currently 45.32%.

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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