Tidal Investments LLC Buys 51,975 Shares of Broadridge Financial Solutions, Inc. $BR

Key Points

• Tidal Investments nearly doubled its Broadridge Financial Solutions stake in the second quarter, purchasing 51,975 additional shares to own 104,615 shares valued at approximately $14.3 million. Institutional investors collectively own 90.03% of the company.
• Analysts maintain a generally positive outlook, with Broadridge carrying a consensus “Moderate Buy” rating and an average price target of $216, despite individual targets ranging from $176 to $226.
• Broadridge reported quarterly earnings and revenue above expectations, with earnings per share of $3.82 and revenue of $2.22 billion. The company also raised its quarterly dividend to $1.09 per share, representing a 2.6% annualized yield.

Tidal Investments LLC boosted its stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 98.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,615 shares of the business services provider's stock after purchasing an additional 51,975 shares during the quarter. Tidal Investments LLC owned about 0.09% of Broadridge Financial Solutions worth $14,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Reflection Asset Management purchased a new stake in shares of Broadridge Financial Solutions during the 4th quarter valued at $25,000. Nemes Rush Group LLC purchased a new position in Broadridge Financial Solutions in the fourth quarter worth $27,000. Markowski Investments purchased a new position in Broadridge Financial Solutions in the second quarter worth $27,000. Prosperity Bancshares Inc bought a new position in Broadridge Financial Solutions in the fourth quarter valued at $28,000. Finally, Bell Investment Advisors Inc bought a new position in Broadridge Financial Solutions in the second quarter valued at $29,000. Hedge funds and other institutional investors own 90.03% of the company's stock.

Analysts Set New Price Targets

BR has been the subject of several research analyst reports. Royal Bank Of Canada lifted their price target on Broadridge Financial Solutions from $225.00 to $226.00 and gave the stock an "outperform" rating in a research note on Monday, August 31st. Morgan Stanley raised their price objective on Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an "equal weight" rating in a report on Thursday, August 6th. UBS Group restated a "neutral" rating and issued a $180.00 target price on shares of Broadridge Financial Solutions in a research report on Monday, August 17th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Broadridge Financial Solutions in a research note on Friday, August 7th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $216.00.

Broadridge Financial Solutions Trading Down 0.4%

Shares of BR stock opened at $167.64 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.24 and a quick ratio of 1.24. The business has a 50-day moving average of $164.02 and a 200 day moving average of $160.28. The stock has a market capitalization of $19.11 billion, a PE ratio of 17.43 and a beta of 0.90. Broadridge Financial Solutions, Inc. has a 1-year low of $133.83 and a 1-year high of $255.74.

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 earnings per share for the quarter, beating 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%.During the same quarter in the previous year, the company posted $3.55 earnings per share. The business's 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. As a group, sell-side analysts anticipate that Broadridge Financial Solutions, Inc. will post 10.54 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Thursday, September 3rd will be given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, September 3rd. This is an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.97. Broadridge Financial Solutions's dividend payout ratio is currently 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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