Bontempo Ohly Capital Mgmt LLC Purchases New Stake in Broadridge Financial Solutions, Inc. $BR

Bontempo Ohly Capital Mgmt LLC purchased a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 22,250 shares of the business services provider’s stock, valued at approximately $3,047,000. Broadridge Financial Solutions accounts for approximately 1.3% of Bontempo Ohly Capital Mgmt LLC’s holdings, making the stock its 24th largest holding.

A number of other large investors have also added to or reduced their stakes in the company. Freestone Grove Partners LP bought a new position in shares of Broadridge Financial Solutions during the second quarter valued at about $2,737,000. Caisse de depot et placement du Quebec bought a new stake in shares of Broadridge Financial Solutions in the second quarter worth about $21,626,000. Man Group plc bought a new stake in shares of Broadridge Financial Solutions in the second quarter worth about $36,033,000. Western Wealth Management LLC purchased a new position in Broadridge Financial Solutions during the 2nd quarter valued at about $719,000. Finally, Jupiter Topco LLC purchased a new position in Broadridge Financial Solutions during the 2nd quarter valued at about $261,852,000. Institutional investors own 90.03% of the company’s stock.

Insider Transactions at Broadridge Financial Solutions

In related news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $155.00, for a total transaction of $304,730.00. Following the completion of the transaction, the insider directly owned 1 shares of the company’s stock, valued at $155. This trade represents a 99.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. 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 report on Wednesday, August 5th. Morgan Stanley boosted their target price on Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. UBS Group reaffirmed a “neutral” rating and issued a $180.00 price target on shares of Broadridge Financial Solutions in a research note on Monday, August 17th. Needham & Company LLC dropped their price target on Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Broadridge Financial Solutions in a report on Friday, August 7th. Four equities research 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $215.86.

Broadridge Financial Solutions Stock Performance

Shares of BR opened at $181.23 on Thursday. The company has a 50-day simple moving average of $155.21 and a two-hundred day simple moving average of $160.15. 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 firm has a market capitalization of $20.66 billion, a PE ratio of 18.84 and a beta of 0.87. Broadridge Financial Solutions, Inc. has a one year low of $133.83 and a one year high of $259.02.

Broadridge Financial Solutions (NYSE:BR) last posted its 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 return on equity of 40.25% and a net margin of 15.04%.The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the business earned $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. On average, 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 declared 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. This represents a $4.36 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Thursday, September 3rd. 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 45.32%.

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.