Nykredit A S Buys Shares of 61,925 Broadridge Financial Solutions, Inc. $BR

Nykredit A S purchased a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 61,925 shares of the business services provider’s stock, valued at approximately $8,481,000. Nykredit A S owned approximately 0.05% of Broadridge Financial Solutions at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. acquired a new stake in Broadridge Financial Solutions in the second quarter worth approximately $1,473,918,000. Jupiter Topco LLC acquired a new position in shares of Broadridge Financial Solutions during the 2nd quarter valued at $261,852,000. Norges Bank acquired a new position in shares of Broadridge Financial Solutions during the 4th quarter valued at $346,304,000. The Manufacturers Life Insurance Company bought a new stake in shares of Broadridge Financial Solutions in the 2nd quarter worth $197,921,000. Finally, Van ECK Associates Corp raised its stake in shares of Broadridge Financial Solutions by 110.6% in the 4th quarter. Van ECK Associates Corp now owns 1,475,283 shares of the business services provider’s stock worth $329,239,000 after buying an additional 774,747 shares in the last quarter. 90.03% of the stock is currently owned by institutional investors.

Broadridge Financial Solutions Trading Down 3.3%

Shares of BR opened at $173.01 on Friday. The business’s 50-day moving average price is $161.16 and its 200 day moving average price is $160.52. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $19.73 billion, a P/E ratio of 17.98 and a beta of 0.90. Broadridge Financial Solutions, Inc. has a 1-year low of $133.83 and a 1-year high of $255.74.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data 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. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. 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 firm earned $3.55 earnings per share. 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. Analysts expect 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 declared a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Thursday, September 3rd will be given a $1.09 dividend. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. The ex-dividend date is Thursday, September 3rd. This represents a $4.36 annualized dividend and a dividend yield of 2.5%. Broadridge Financial Solutions’s payout ratio is currently 45.32%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Royal Bank Of Canada raised their target price on Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an “outperform” rating in a research note on Monday, August 31st. Weiss Ratings reissued a “hold (c-)” rating on shares of Broadridge Financial Solutions in a report on Friday, August 7th. UBS Group restated a “neutral” rating and set a $180.00 price objective on shares of Broadridge Financial Solutions in a research report on Monday, August 17th. Finally, Morgan Stanley boosted their target price on shares of Broadridge Financial Solutions from $169.00 to $176.00 and gave the stock an “equal weight” rating in a report on Thursday, August 6th. Four 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.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $216.00.

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.