UNIVEST FINANCIAL Corp Purchases New Stake in Broadridge Financial Solutions, Inc. $BR

UNIVEST FINANCIAL Corp acquired a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 56,031 shares of the business services provider’s stock, valued at approximately $7,673,000.

Several other hedge funds have also added to or reduced their stakes in BR. Strs Ohio lifted its stake in Broadridge Financial Solutions by 25.8% in the first quarter. Strs Ohio now owns 48,787 shares of the business services provider’s stock valued at $7,927,000 after purchasing an additional 9,996 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in Broadridge Financial Solutions in the first quarter worth $4,211,000. New Age Alpha Advisors LLC increased its position in Broadridge Financial Solutions by 51.6% in the fourth quarter. New Age Alpha Advisors LLC now owns 36,911 shares of the business services provider’s stock worth $8,237,000 after buying an additional 12,569 shares during the last quarter. Cvfg LLC purchased a new stake in Broadridge Financial Solutions in the first quarter worth $2,463,000. Finally, Geode Capital Management LLC raised its stake in shares of Broadridge Financial Solutions by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 3,354,869 shares of the business services provider’s stock valued at $746,062,000 after buying an additional 12,524 shares during the period. Institutional investors own 90.03% of the company’s stock.

Insider Transactions at Broadridge Financial Solutions

In related news, insider Hope M. Jarkowski sold 1,966 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $155.00, for a total transaction of $304,730.00. Following the completion of the transaction, the insider directly owned 1 shares in the company, valued at $155. The trade was a 99.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

BR has been the subject of several research reports. UBS Group reiterated a “neutral” rating and set a $180.00 price target on shares of Broadridge Financial Solutions in a research note on Monday. DA Davidson cut their target price on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Needham & Company LLC reduced 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. Morgan Stanley boosted their price target on shares of Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research note on Friday, August 7th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $215.86.

Broadridge Financial Solutions Stock Performance

Broadridge Financial Solutions stock opened at $167.92 on Tuesday. Broadridge Financial Solutions, Inc. has a 1-year low of $133.83 and a 1-year high of $265.37. 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 firm has a market capitalization of $19.15 billion, a PE ratio of 17.46 and a beta of 0.87. The firm’s 50 day simple moving average is $150.30 and its 200 day simple moving average is $160.91.

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 the consensus estimate of $3.76 by $0.06. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.17 billion. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm earned $3.55 EPS. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. As a group, analysts expect that Broadridge Financial Solutions, Inc. will post 10.54 earnings per share 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. Investors of record on Thursday, September 3rd will be paid a dividend of $1.09 per share. 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 yield of 2.6%. The ex-dividend date of this dividend is Thursday, September 3rd. Broadridge Financial Solutions’s dividend payout ratio is 45.32%.

About Broadridge Financial Solutions

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.