Broadridge Financial Solutions, Inc. $BR Shares Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC raised its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 97.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 139,172 shares of the business services provider’s stock after purchasing an additional 68,762 shares during the quarter. Squarepoint Ops LLC’s holdings in Broadridge Financial Solutions were worth $19,060,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Reflection Asset Management purchased a new stake in Broadridge Financial Solutions during the fourth quarter valued at about $25,000. Nemes Rush Group LLC purchased a new position in shares of Broadridge Financial Solutions in the 4th quarter worth about $27,000. Markowski Investments purchased a new position in shares of Broadridge Financial Solutions in the 2nd quarter worth about $27,000. Prosperity Bancshares Inc purchased a new position in shares of Broadridge Financial Solutions in the 4th quarter worth about $28,000. Finally, Bell Investment Advisors Inc acquired a new position in shares of Broadridge Financial Solutions in the 2nd quarter valued at about $29,000. 90.03% of the stock is owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Price Performance

Shares of NYSE BR opened at $167.96 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.15. Broadridge Financial Solutions, Inc. has a twelve month low of $133.83 and a twelve month high of $255.74. The business has a 50 day simple moving average of $163.06 and a 200-day simple moving average of $160.29. The company has a market capitalization of $19.15 billion, a price-to-earnings ratio of 17.46 and a beta of 0.90.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results 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 return on equity of 40.25% and a net margin of 15.04%.The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the prior year, the company earned $3.55 earnings per share. The business’s 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. As a group, 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 business also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Stockholders 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 dividend yield of 2.6%. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 45.32%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research note on Friday, August 7th. UBS Group restated a “neutral” rating and set a $180.00 target price on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Morgan Stanley upped 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. Finally, Royal Bank Of Canada raised their price objective on Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an “outperform” rating in a research report on Monday, August 31st. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $216.00.

Broadridge Financial Solutions 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.