Westwind Capital Makes New Investment in Broadridge Financial Solutions, Inc. $BR

Westwind Capital bought a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,674 shares of the business services provider’s stock, valued at approximately $592,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CoreCap Advisors LLC boosted its holdings in shares of Broadridge Financial Solutions by 972.4% in the 3rd quarter. CoreCap Advisors LLC now owns 2,177 shares of the business services provider’s stock worth $351,000 after purchasing an additional 1,974 shares during the period. Hamlin Capital Management LLC purchased a new position in shares of Broadridge Financial Solutions during the 3rd quarter worth about $53,577,000. Apella Capital LLC grew its holdings in Broadridge Financial Solutions by 235.2% during the 3rd quarter. Apella Capital LLC now owns 5,048 shares of the business services provider’s stock valued at $813,000 after purchasing an additional 3,542 shares during the last quarter. Valeo Financial Advisors LLC purchased a new stake in Broadridge Financial Solutions in the 3rd quarter worth about $252,000. Finally, Toth Financial Advisory Corp grew its position in Broadridge Financial Solutions by 21.8% in the 3rd quarter. Toth Financial Advisory Corp now owns 938 shares of the business services provider’s stock valued at $160,000 after acquiring an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Up 3.1%

NYSE BR traded up $5.00 during trading on Thursday, hitting $165.13. The company’s stock had a trading volume of 1,071,194 shares, compared to its average volume of 1,362,973. Broadridge Financial Solutions, Inc. has a fifty-two week low of $133.83 and a fifty-two week high of $237.39. The company has a market cap of $18.64 billion, a PE ratio of 17.17 and a beta of 0.92. 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’s 50 day simple moving average is $169.11 and its 200-day simple moving average is $157.66.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $2.17 billion. During the same quarter in the prior year, the business posted $3.55 EPS. Broadridge Financial Solutions’s revenue for the quarter 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 analysts anticipate that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 5th. Stockholders of record on Thursday, September 3rd were issued a $1.09 dividend. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.9750. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $4.36 annualized dividend and a dividend yield of 2.6%. Broadridge Financial Solutions’s payout ratio is currently 45.32%.

Insider Buying and Selling

In related news, VP Thomas Carey sold 2,501 shares of the firm’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $159.76, for a total transaction of $399,559.76. Following the sale, the vice president directly owned 8,800 shares of the company’s stock, valued at $1,405,888. This trade represents a 22.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

BR has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Broadridge Financial Solutions in a report on Friday, August 7th. Royal Bank Of Canada upped their target price on Broadridge Financial Solutions from $225.00 to $226.00 and gave the stock an “outperform” rating in a report on Monday, August 31st. UBS Group reissued a “neutral” rating and set a $180.00 price target on shares of Broadridge Financial Solutions in a research report on Monday, August 17th. Finally, Morgan Stanley boosted their price target on shares of Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an “equal weight” rating in a report on Thursday, August 6th. Four equities 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $216.00.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc is a financial technology and services company that provides communications, technology and data solutions to financial institutions, public companies and other organizations. Its platforms support critical business processes across investor communications, capital markets, wealth management and corporate governance.

The company’s services include proxy and regulatory communications, shareholder and customer communications, securities processing, trading and operations technology, portfolio and wealth management tools, and governance solutions.