Broadridge Financial Solutions, Inc. $BR Shares Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC lifted its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 97.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 139,172 shares of the business services provider’s stock after purchasing an additional 68,762 shares during the period. Squarepoint Ops LLC owned about 0.12% of Broadridge Financial Solutions worth $19,060,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Reflection Asset Management acquired a new stake in shares of Broadridge Financial Solutions during the fourth quarter worth about $25,000. Nemes Rush Group LLC acquired a new position in Broadridge Financial Solutions in the 4th quarter valued at about $27,000. Markowski Investments acquired a new position in Broadridge Financial Solutions in the 2nd quarter valued at about $27,000. Prosperity Bancshares Inc purchased a new stake in Broadridge Financial Solutions during the 4th quarter valued at approximately $28,000. Finally, Bell Investment Advisors Inc purchased a new stake in Broadridge Financial Solutions during the 2nd quarter valued at approximately $29,000. 90.03% of the stock is owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Stock Performance

NYSE BR opened at $167.96 on Thursday. The business has a 50 day moving average price of $163.06 and a 200 day moving average price of $160.29. The company has a market capitalization of $19.15 billion, a P/E ratio of 17.46 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. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.24 and a quick ratio of 1.24.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $2.17 billion. During the same quarter in the previous year, the business posted $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. Sell-side analysts expect that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Thursday, September 3rd will be issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 2.6%. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. The ex-dividend date is Thursday, September 3rd. Broadridge Financial Solutions’s payout ratio is 45.32%.

Wall Street Analyst Weigh In

BR has been the subject of several recent research reports. UBS Group reaffirmed a “neutral” rating and set a $180.00 price target on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Morgan Stanley boosted 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. Weiss Ratings restated a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research report on Friday, August 7th. Finally, Royal Bank Of Canada raised their target price 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. Four 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, Broadridge Financial Solutions has a consensus rating of “Moderate Buy” and an average price target 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.