Paralel Advisors LLC Makes New $1.95 Million Investment in Broadridge Financial Solutions, Inc. $BR

Paralel Advisors LLC purchased a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 14,218 shares of the business services provider’s stock, valued at approximately $1,947,000.

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BR. Morgan Stanley increased 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 research report on Thursday, August 6th. Royal Bank Of Canada boosted their price objective 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. UBS Group restated a “neutral” rating and set a $180.00 target price on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Finally, Weiss Ratings reiterated 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 assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $216.00.

Broadridge Financial Solutions Stock Up 0.1%

Shares of Broadridge Financial Solutions stock opened at $173.01 on Monday. Broadridge Financial Solutions, Inc. has a 1-year low of $133.83 and a 1-year high of $255.74. The company has a market capitalization of $19.73 billion, a PE ratio of 17.98 and a beta of 0.90. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.24 and a quick ratio of 1.24. The business has a 50-day moving average of $161.16 and a 200-day moving average of $160.43.

Broadridge Financial Solutions (NYSE:BR) last issued 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. Broadridge Financial Solutions had a return on equity of 40.25% and a net margin of 15.04%.The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the business posted $3.55 earnings per share. Broadridge Financial Solutions’s revenue for the quarter 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. As a group, equities analysts forecast that Broadridge Financial Solutions, Inc. will post 10.54 EPS 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. Investors of record on Thursday, September 3rd will be paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 2.5%. This is a boost 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 presently 45.32%.

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.