UNIVEST FINANCIAL Corp Purchases New Stake in Broadridge Financial Solutions, Inc. $BR

Key Points

• Univest Financial acquired 56,031 shares of Broadridge Financial Solutions in the second quarter, valued at approximately $7.7 million. Institutional investors collectively own 90.03% of the company.
• Broadridge exceeded quarterly expectations, reporting $3.82 in adjusted EPS versus the $3.76 consensus and revenue of $2.22 billion, up 7.5% year over year.
• The company raised its quarterly dividend to $1.09 per share, equivalent to an annualized dividend of $4.36 and a 2.6% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $215.86.

UNIVEST FINANCIAL Corp purchased a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 56,031 shares of the business services provider's stock, valued at approximately $7,673,000.

Other institutional investors have also recently bought and sold shares of the company. Great Valley Advisor Group Inc. lifted its stake in shares of Broadridge Financial Solutions by 5.3% in the second quarter. Great Valley Advisor Group Inc. now owns 994 shares of the business services provider's stock valued at $242,000 after buying an additional 50 shares in the last quarter. Moneta Group Investment Advisors LLC increased its position in shares of Broadridge Financial Solutions by 3.9% during the third quarter. Moneta Group Investment Advisors LLC now owns 1,608 shares of the business services provider's stock worth $383,000 after acquiring an additional 61 shares in the last quarter. WPG Advisers LLC increased its position in shares of Broadridge Financial Solutions by 77.5% during 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 in the last quarter. Bontempo Ohly Capital Mgmt LLC raised its holdings in shares of Broadridge Financial Solutions by 0.3% in the 4th quarter. Bontempo Ohly Capital Mgmt LLC now owns 18,895 shares of the business services provider's stock worth $4,217,000 after acquiring an additional 62 shares during the last quarter. Finally, Appleton Partners Inc. MA raised its holdings in shares of Broadridge Financial Solutions by 0.5% in the 1st quarter. Appleton Partners Inc. MA now owns 12,137 shares of the business services provider's stock worth $1,972,000 after acquiring an additional 65 shares during the last quarter. Institutional investors and hedge funds own 90.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BR shares. DA Davidson cut their price target on Broadridge Financial Solutions from $228.00 to $214.00 and set a "buy" rating for the company in a research note on Tuesday, May 5th. Royal Bank Of Canada increased their price objective on Broadridge Financial Solutions from $200.00 to $225.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. Morgan Stanley raised their target price 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. Needham & Company LLC decreased their price target on Broadridge Financial Solutions from $255.00 to $230.00 and set a "buy" rating for the company in a report on Friday, May 1st. Finally, UBS Group reissued a "neutral" rating and issued a $180.00 price target on shares of Broadridge Financial Solutions in a research report on Monday. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Broadridge Financial Solutions has a consensus rating of "Moderate Buy" and a consensus target price of $215.86.

Broadridge Financial Solutions Stock Down 1.8%

Broadridge Financial Solutions stock opened at $167.92 on Tuesday. Broadridge Financial Solutions, Inc. has a fifty-two week low of $133.83 and a fifty-two week high of $265.37. 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 firm's 50-day simple moving average is $150.30 and its 200 day simple moving average is $160.91. The stock has a market cap of $19.15 billion, a PE ratio of 17.46 and a beta of 0.87.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The business services provider reported $3.82 EPS for the quarter, beating the consensus estimate of $3.76 by $0.06. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the business posted $3.55 EPS. The company's revenue for the quarter 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. Research analysts predict that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The firm also recently declared 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 of this dividend is Thursday, September 3rd. This is a positive change from Broadridge Financial Solutions's previous quarterly dividend of $0.97. This represents a $4.36 dividend on an annualized basis and a dividend yield of 2.6%. Broadridge Financial Solutions's dividend payout ratio (DPR) is 45.32%.

Insider Activity at Broadridge Financial Solutions

In related news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $155.00, for a total transaction of $304,730.00. Following the sale, the insider directly owned 1 shares in the company, valued at approximately $155. This trade represents a 99.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.10% of the company's stock.

About Broadridge Financial Solutions

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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