6,532 Shares in Broadridge Financial Solutions, Inc. $BR Purchased by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. purchased a new position in Broadridge Financial Solutions, Inc. (NYSE:BR) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,532 shares of the business services provider’s stock, valued at approximately $895,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of Broadridge Financial Solutions during the 2nd quarter valued at about $1,473,918,000. Norges Bank bought a new stake in shares of Broadridge Financial Solutions in the 4th quarter worth approximately $346,304,000. Van ECK Associates Corp raised its holdings in shares of Broadridge Financial Solutions by 110.6% in the 4th quarter. Van ECK Associates Corp now owns 1,475,283 shares of the business services provider’s stock worth $329,239,000 after purchasing an additional 774,747 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Broadridge Financial Solutions during the second quarter valued at approximately $101,738,000. Finally, Deutsche Bank AG acquired a new stake in Broadridge Financial Solutions during the second quarter valued at approximately $84,546,000. 90.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on BR shares. Morgan Stanley lifted 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 increased their price objective on Broadridge Financial Solutions from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. DA Davidson reduced their price objective 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. Weiss Ratings restated a “hold (c-)” rating on shares of Broadridge Financial Solutions in a report on Friday, August 7th. Finally, UBS Group restated a “neutral” rating and issued a $180.00 target price on shares of Broadridge Financial Solutions in a report on Monday. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Broadridge Financial Solutions presently has an average rating of “Moderate Buy” and an average target price of $215.86.

Broadridge Financial Solutions Stock Performance

Shares of BR opened at $175.97 on Thursday. Broadridge Financial Solutions, Inc. has a one year low of $133.83 and a one year high of $265.37. The company has a 50-day moving average of $151.30 and a two-hundred day moving average of $160.52. The stock has a market cap of $20.06 billion, a price-to-earnings ratio of 18.29 and a beta of 0.87. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.24 and a quick ratio of 1.24.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share for the quarter, topping 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 business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period last year, the firm posted $3.55 earnings per share. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. On average, equities research analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Thursday, September 3rd will be paid a $1.09 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $4.36 dividend on an annualized basis and a yield of 2.5%. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 40.54%.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions stock in a transaction that occurred on 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 in the company, valued at approximately $155. The trade was a 99.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions 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.