Guardian Wealth Advisors LLC NC Trims Stock Position in Broadridge Financial Solutions, Inc. $BR

Guardian Wealth Advisors LLC NC trimmed its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 63.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,342 shares of the business services provider’s stock after selling 9,455 shares during the quarter. Guardian Wealth Advisors LLC NC’s holdings in Broadridge Financial Solutions were worth $734,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Wedmont Private Capital raised its stake in shares of Broadridge Financial Solutions by 33.4% during the second quarter. Wedmont Private Capital now owns 2,815 shares of the business services provider’s stock worth $415,000 after purchasing an additional 705 shares during the last quarter. Saudi Central Bank grew its position in Broadridge Financial Solutions by 89.6% in the 2nd quarter. Saudi Central Bank now owns 8,172 shares of the business services provider’s stock valued at $1,119,000 after buying an additional 3,863 shares during the last quarter. Compass Financial Management LLC purchased a new position in Broadridge Financial Solutions in the 2nd quarter valued at $41,000. AlphaGrep UK Ltd acquired a new position in Broadridge Financial Solutions in the 2nd quarter valued at $494,000. Finally, Markowski Investments purchased a new position in Broadridge Financial Solutions during the 2nd quarter worth $27,000. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Price Performance

Broadridge Financial Solutions stock opened at $173.01 on Tuesday. The company has a market cap of $19.73 billion, a P/E ratio of 17.98 and a beta of 0.90. Broadridge Financial Solutions, Inc. has a one year low of $133.83 and a one year high of $255.74. The business has a fifty day moving average of $161.89 and a two-hundred day moving average of $160.42. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.24 and a current ratio of 1.24.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share for the quarter, topping 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 analysts’ expectations of $2.17 billion. During the same period in the prior year, the company posted $3.55 EPS. The business’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. As a group, analysts predict that Broadridge Financial Solutions, Inc. will post 10.54 earnings per share for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Thursday, September 3rd will be issued a dividend of $1.09 per share. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. This represents a $4.36 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, September 3rd. Broadridge Financial Solutions’s payout ratio is presently 45.32%.

Analyst Ratings Changes

Several brokerages have recently weighed in on BR. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Broadridge Financial Solutions in a report on Friday, August 7th. UBS Group reissued a “neutral” rating and set a $180.00 price target on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Morgan Stanley raised their price objective on shares of Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. Finally, Royal Bank Of Canada lifted their price objective on Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an “outperform” rating in a report on Monday, August 31st. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Broadridge Financial Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $216.00.

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.