Tidal Investments LLC Acquires 51,975 Shares of Broadridge Financial Solutions, Inc. $BR

Tidal Investments LLC grew its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 98.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 104,615 shares of the business services provider’s stock after buying an additional 51,975 shares during the quarter. Tidal Investments LLC’s holdings in Broadridge Financial Solutions were worth $14,327,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Reflection Asset Management purchased a new stake in Broadridge Financial Solutions in the fourth quarter worth $25,000. Nemes Rush Group LLC purchased a new position in Broadridge Financial Solutions during the 4th quarter valued at $27,000. Prosperity Bancshares Inc bought a new position in Broadridge Financial Solutions in the 4th quarter worth $28,000. DV Equities LLC purchased a new stake in shares of Broadridge Financial Solutions in the 4th quarter worth about $37,000. Finally, Fulcrum Asset Management LLP bought a new stake in shares of Broadridge Financial Solutions during the 3rd quarter valued at about $47,000. 90.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BR has been the topic of several research analyst reports. UBS Group reiterated a “neutral” rating and set a $180.00 price target on shares of Broadridge Financial Solutions in a research report on Monday, August 17th. Royal Bank Of Canada lifted their price target 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. Morgan Stanley increased their price objective on Broadridge Financial Solutions from $169.00 to $176.00 and gave the stock an “equal weight” rating in a report on Thursday, August 6th. Finally, Weiss Ratings restated 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $216.00.

Broadridge Financial Solutions Stock Performance

Broadridge Financial Solutions stock opened at $167.64 on Friday. Broadridge Financial Solutions, Inc. has a twelve month low of $133.83 and a twelve month high of $255.74. 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 company has a market capitalization of $19.11 billion, a P/E ratio of 17.43 and a beta of 0.90. The stock’s 50 day moving average is $164.02 and its 200 day moving average is $160.28.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Tuesday, August 4th. The business services provider reported $3.82 earnings per share (EPS) 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 analysts’ expectations of $2.17 billion. During the same quarter in the previous year, the business earned $3.55 earnings per share. The firm’s quarterly 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. On average, equities research 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 declared 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 represents a $4.36 annualized dividend and a dividend yield of 2.6%. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. Broadridge Financial Solutions’s payout ratio is presently 45.32%.

Broadridge Financial Solutions Company 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.