Howard Capital Management LLC Makes New $8.87 Million Investment in Broadridge Financial Solutions, Inc. $BR

Howard Capital Management LLC bought a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR) during the third quarter, HoldingsChannel.com reports. The fund bought 55,032 shares of the business services provider’s stock, valued at approximately $8,866,000.

Several other hedge funds and other institutional investors have also modified their holdings of BR. BlackRock Inc. bought a new stake in Broadridge Financial Solutions in the second quarter valued at $1,473,918,000. Jupiter Topco LLC acquired a new position in Broadridge Financial Solutions during the second quarter worth $261,852,000. Van ECK Associates Corp lifted its holdings in shares of Broadridge Financial Solutions by 11.3% during the second quarter. Van ECK Associates Corp now owns 1,875,684 shares of the business services provider’s stock valued at $256,875,000 after acquiring an additional 190,301 shares during the period. The Manufacturers Life Insurance Company bought a new position in shares of Broadridge Financial Solutions during the second quarter valued at $197,921,000. Finally, Amundi lifted its holdings in shares of Broadridge Financial Solutions by 67.5% during the first quarter. Amundi now owns 1,059,021 shares of the business services provider’s stock valued at $172,070,000 after acquiring an additional 426,587 shares during the period. Institutional investors own 90.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on BR shares. Morgan Stanley upped 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. UBS Group restated a “neutral” rating and issued a $180.00 price target on shares of Broadridge Financial Solutions in a research report on Monday, August 17th. Royal Bank Of Canada upped 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. Finally, Weiss Ratings raised shares of Broadridge Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. 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, Broadridge Financial Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $216.00.

Insider Buying and Selling

In other news, VP Thomas Carey sold 2,501 shares of the company’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $159.76, for a total value of $399,559.76. Following the completion of the sale, the vice president directly owned 8,800 shares of the company’s stock, valued at $1,405,888. This represents a 22.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 1.00% of the company’s stock.

Broadridge Financial Solutions Trading Up 0.5%

Broadridge Financial Solutions stock traded up $0.82 during trading hours on Friday, reaching $174.93. 1,307,918 shares of the company’s stock traded hands, compared to its average volume of 911,737. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.24 and a current ratio of 1.24. Broadridge Financial Solutions, Inc. has a fifty-two week low of $133.83 and a fifty-two week high of $236.02. The firm has a market capitalization of $19.75 billion, a price-to-earnings ratio of 18.18 and a beta of 0.92. The firm’s 50 day moving average is $170.16 and its 200-day moving average is $157.90.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the firm earned $3.55 EPS. The company’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. On average, analysts predict that Broadridge Financial Solutions, Inc. will post 10.54 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 5th. Investors of record on Thursday, September 3rd were issued a $1.09 dividend. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.9750. This represents a $4.36 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Thursday, September 3rd. Broadridge Financial Solutions’s dividend payout ratio is currently 45.32%.

Broadridge Financial Solutions Profile

Broadridge Financial Solutions, Inc is a financial technology and services company that provides communications, technology and data solutions to financial institutions, public companies and other organizations. Its platforms support critical business processes across investor communications, capital markets, wealth management and corporate governance.

The company’s services include proxy and regulatory communications, shareholder and customer communications, securities processing, trading and operations technology, portfolio and wealth management tools, and governance solutions.