National Pension Service Reduces Position in Broadridge Financial Solutions, Inc. $BR

National Pension Service decreased its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 68.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 70,060 shares of the business services provider’s stock after selling 151,071 shares during the quarter. National Pension Service’s holdings in Broadridge Financial Solutions were worth $9,595,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pinnacle Wealth Management Advisory Group LLC grew its stake in Broadridge Financial Solutions by 32.6% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,011 shares of the business services provider’s stock valued at $275,000 after purchasing an additional 494 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Broadridge Financial Solutions by 1.2% in the 2nd quarter. NewEdge Advisors LLC now owns 15,192 shares of the business services provider’s stock valued at $2,081,000 after purchasing an additional 180 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Broadridge Financial Solutions by 11.8% during the 2nd quarter. IFP Advisors Inc now owns 2,107 shares of the business services provider’s stock valued at $289,000 after buying an additional 222 shares during the last quarter. Squarepoint Ops LLC boosted its stake in shares of Broadridge Financial Solutions by 97.7% during the 2nd quarter. Squarepoint Ops LLC now owns 139,172 shares of the business services provider’s stock valued at $19,060,000 after buying an additional 68,762 shares during the last quarter. Finally, Mraz Amerine & Associates Inc. grew its position in shares of Broadridge Financial Solutions by 1.9% during the second quarter. Mraz Amerine & Associates Inc. now owns 10,699 shares of the business services provider’s stock worth $1,465,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Trading Down 0.4%

NYSE:BR opened at $167.64 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.15. The business’s 50 day moving average is $164.02 and its two-hundred day moving average is $160.28. Broadridge Financial Solutions, Inc. has a 52 week low of $133.83 and a 52 week high of $255.74. The company has a market cap of $19.11 billion, a PE ratio of 17.43 and a beta of 0.90.

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 for the quarter, beating 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 business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the business earned $3.55 EPS. The business’s quarterly revenue 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 predict that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Thursday, September 3rd will be issued a $1.09 dividend. This is a boost 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 2.6%. The ex-dividend date of this dividend is Thursday, September 3rd. Broadridge Financial Solutions’s dividend payout ratio is presently 45.32%.

Analyst Ratings Changes

BR has been the subject of a number of research analyst reports. Royal Bank Of Canada lifted their price target on shares of Broadridge Financial Solutions from $225.00 to $226.00 and gave the stock an “outperform” rating in a research note on Monday, August 31st. Morgan Stanley increased 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 note on Thursday, August 6th. UBS Group reissued a “neutral” rating and set a $180.00 price objective on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $216.00.

About Broadridge Financial Solutions

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.