Kelly Lawrence W & Associates Inc. CA Invests $7.86 Million in Broadridge Financial Solutions, Inc. $BR

Kelly Lawrence W & Associates Inc. CA acquired a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 57,355 shares of the business services provider’s stock, valued at approximately $7,855,000. Broadridge Financial Solutions comprises approximately 1.7% of Kelly Lawrence W & Associates Inc. CA’s investment portfolio, making the stock its 22nd largest holding. Kelly Lawrence W & Associates Inc. CA owned about 0.05% of Broadridge Financial Solutions at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Great Valley Advisor Group Inc. grew its position in Broadridge Financial Solutions by 5.3% in the second quarter. Great Valley Advisor Group Inc. now owns 994 shares of the business services provider’s stock valued at $242,000 after purchasing an additional 50 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its position in Broadridge Financial Solutions by 3.9% during the 3rd quarter. Moneta Group Investment Advisors LLC now owns 1,608 shares of the business services provider’s stock worth $383,000 after buying an additional 61 shares in the last quarter. Bontempo Ohly Capital Mgmt LLC lifted its position in Broadridge Financial Solutions by 0.3% during the 4th quarter. Bontempo Ohly Capital Mgmt LLC now owns 18,895 shares of the business services provider’s stock worth $4,217,000 after buying an additional 62 shares in the last quarter. Appleton Partners Inc. MA boosted its stake in shares of Broadridge Financial Solutions by 0.5% during the 1st quarter. Appleton Partners Inc. MA now owns 12,137 shares of the business services provider’s stock worth $1,972,000 after buying an additional 65 shares during the last quarter. Finally, Advisory Services Network LLC boosted its stake in shares of Broadridge Financial Solutions by 0.5% during the 4th quarter. Advisory Services Network LLC now owns 14,580 shares of the business services provider’s stock worth $3,254,000 after buying an additional 70 shares during the last quarter. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Performance

Shares of BR stock opened at $185.61 on Tuesday. The company has a market capitalization of $21.16 billion, a price-to-earnings ratio of 19.29 and a beta of 0.87. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.24 and a current ratio of 1.24. The company has a 50-day simple moving average of $153.56 and a 200 day simple moving average of $160.27. Broadridge Financial Solutions, Inc. has a 52 week low of $133.83 and a 52 week high of $263.00.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Tuesday, August 4th. The business services provider reported $3.82 EPS for the quarter, beating analysts’ consensus estimates of $3.76 by $0.06. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.17 billion. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. Broadridge Financial Solutions’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.55 EPS. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. On average, sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 10.54 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Thursday, September 3rd will be given a $1.09 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. This represents a $4.36 annualized dividend and a dividend yield of 2.3%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 40.54%.

Insider Activity at Broadridge Financial Solutions

In other news, insider Hope M. Jarkowski sold 1,966 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $155.00, for a total transaction of $304,730.00. Following the transaction, the insider owned 1 shares in the company, valued at approximately $155. This trade represents a 99.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BR shares. DA Davidson lowered their target price on Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Morgan Stanley boosted their price target on 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. Weiss Ratings reissued a “hold (c-)” rating on shares of Broadridge Financial Solutions in a report on Friday, August 7th. Needham & Company LLC decreased their target price on shares of 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, UBS Group reaffirmed a “neutral” rating and set a $180.00 price target on shares of Broadridge Financial Solutions in a research report on Monday, August 17th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Broadridge Financial Solutions has an average rating of “Moderate Buy” and an average price target of $215.86.

Broadridge Financial Solutions Company 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.