Second Line Capital LLC Sells 12,651 Shares of Broadridge Financial Solutions, Inc. $BR

Second Line Capital LLC trimmed its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 85.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,155 shares of the business services provider’s stock after selling 12,651 shares during the period. Second Line Capital LLC’s holdings in Broadridge Financial Solutions were worth $310,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Strs Ohio lifted its holdings in Broadridge Financial Solutions by 25.8% during the 1st quarter. Strs Ohio now owns 48,787 shares of the business services provider’s stock valued at $7,927,000 after buying an additional 9,996 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in Broadridge Financial Solutions in the 1st quarter valued at about $4,211,000. Empowered Funds LLC grew its stake in Broadridge Financial Solutions by 29.9% in the 1st quarter. Empowered Funds LLC now owns 48,430 shares of the business services provider’s stock worth $7,869,000 after acquiring an additional 11,152 shares in the last quarter. UNIVEST FINANCIAL Corp bought a new position in Broadridge Financial Solutions in the 1st quarter worth about $8,227,000. Finally, Western Wealth Management LLC purchased a new position in shares of Broadridge Financial Solutions during the first quarter worth approximately $959,000. 90.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on BR. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research note on Friday, August 7th. Morgan Stanley increased their price objective on 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. UBS Group restated a “neutral” rating and set a $180.00 price objective on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Finally, Royal Bank Of Canada lifted their target price on Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an “outperform” rating in a research report on Monday, August 31st. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $216.00.

Broadridge Financial Solutions Trading Up 0.1%

NYSE BR opened at $173.01 on Tuesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market capitalization of $19.73 billion, a price-to-earnings ratio of 17.98 and a beta of 0.90. The company’s 50-day simple moving average is $161.89 and its two-hundred day simple moving average is $160.42. Broadridge Financial Solutions, Inc. has a one year low of $133.83 and a one year high of $255.74.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share for the quarter, topping 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 firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the prior year, the company earned $3.55 EPS. The company’s 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. 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 announced a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Thursday, September 3rd will be issued a dividend of $1.09 per share. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. This represents a $4.36 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Thursday, September 3rd. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 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.