Plato Investment Management Ltd Purchases Shares of 2,879 Broadridge Financial Solutions, Inc. $BR

Plato Investment Management Ltd purchased a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,879 shares of the business services provider’s stock, valued at approximately $392,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Reflection Asset Management acquired a new stake in Broadridge Financial Solutions in the fourth quarter valued at approximately $25,000. Nemes Rush Group LLC acquired a new position in shares of Broadridge Financial Solutions during the fourth quarter worth $27,000. Prosperity Bancshares Inc acquired a new stake in shares of Broadridge Financial Solutions in the 4th quarter worth $28,000. Bell Investment Advisors Inc purchased a new position in Broadridge Financial Solutions during the 2nd quarter worth $29,000. Finally, WPG Advisers LLC increased its position in Broadridge Financial Solutions by 77.5% during the 4th quarter. WPG Advisers LLC now owns 142 shares of the business services provider’s stock valued at $32,000 after buying an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BR. Weiss Ratings reissued a “hold (c-)” rating on shares of Broadridge Financial Solutions in a report on Friday, August 7th. Royal Bank Of Canada upped their price objective on shares of Broadridge Financial Solutions from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. UBS Group reaffirmed a “neutral” rating and issued a $180.00 price objective on shares of Broadridge Financial Solutions in a research report on Monday. Morgan Stanley lifted 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 note on Thursday, August 6th. Finally, DA Davidson cut their price target on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Broadridge Financial Solutions currently has an average rating of “Moderate Buy” and an average target price of $215.86.

Insider Buying and Selling

In other news, insider Hope M. Jarkowski sold 1,966 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $155.00, for a total transaction of $304,730.00. Following the sale, the insider owned 1 shares of the company’s stock, valued at $155. This trade represents a 99.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions Stock Performance

Shares of NYSE BR opened at $175.97 on Thursday. The stock has a market cap of $20.06 billion, a price-to-earnings ratio of 18.29 and a beta of 0.87. Broadridge Financial Solutions, Inc. has a 12 month low of $133.83 and a 12 month high of $265.37. The company has a 50 day simple moving average of $151.30 and a two-hundred day simple moving average of $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.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.76 by $0.06. The company 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 firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm posted $3.55 earnings per share. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. As a group, 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 will be paid on Monday, October 5th. Shareholders of record on Thursday, September 3rd will be given a $1.09 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $4.36 annualized dividend and a yield of 2.5%. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. Broadridge Financial Solutions’s payout ratio is currently 40.54%.

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.