3,188 Shares in Broadridge Financial Solutions, Inc. $BR Purchased by Canopy Partners LLC

Canopy Partners LLC purchased a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,188 shares of the business services provider’s stock, valued at approximately $514,000.

Several other institutional investors have also modified their holdings of BR. Valley Wealth Managers Inc. increased its stake in Broadridge Financial Solutions by 230.8% in the 3rd quarter. Valley Wealth Managers Inc. now owns 172 shares of the business services provider’s stock valued at $28,000 after buying an additional 120 shares during the last quarter. Security National Bank of SO Dak acquired a new stake in Broadridge Financial Solutions during the second quarter worth approximately $26,000. Markowski Investments bought a new position in Broadridge Financial Solutions during the 2nd quarter worth $27,000. Bell Investment Advisors Inc bought a new stake in Broadridge Financial Solutions in the 2nd quarter valued at about $29,000. Finally, Evolution Wealth Management Inc. bought a new stake in shares of Broadridge Financial Solutions during the 1st quarter valued at $36,000. Institutional investors own 90.03% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BR shares. Royal Bank Of Canada lifted their price target on Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an “outperform” rating in a research note on Monday, August 31st. Weiss Ratings raised Broadridge Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. UBS Group reaffirmed a “neutral” rating and issued a $180.00 price objective on shares of Broadridge Financial Solutions in a research note on Monday, August 17th. Morgan Stanley increased their price target on Broadridge Financial Solutions from $169.00 to $176.00 and gave the stock an “equal weight” rating in a report on Thursday, August 6th. Finally, DA Davidson restated a “buy” rating and set a $214.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $216.00.

Broadridge Financial Solutions Trading Up 0.3%

Broadridge Financial Solutions stock opened at $178.65 on Friday. Broadridge Financial Solutions, Inc. has a one year low of $133.83 and a one year high of $233.10. The business’s fifty day moving average is $171.63 and its 200 day moving average is $166.59. The stock has a market capitalization of $20.17 billion, a PE ratio of 18.57 and a beta of 0.92. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.24 and a quick ratio of 1.24.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share for the quarter, beating the consensus estimate of $3.76 by $0.06. The business had revenue of $2.22 billion for 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 company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.55 earnings per share. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. On average, sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 5th. Stockholders of record on Thursday, September 3rd were given a dividend of $1.09 per share. 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 dividend yield of 2.4%. The ex-dividend date of this dividend was Thursday, September 3rd. Broadridge Financial Solutions’s dividend payout ratio is presently 45.32%.

Insider Activity at Broadridge Financial Solutions

In other news, VP Thomas Carey sold 2,501 shares of the business’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 approximately $1,405,888. The trade was a 22.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.00% of the company’s stock.

Broadridge Financial Solutions Profile

Broadridge Financial Solutions, Inc (NYSE: BR) is a financial technology and business services company that provides communications, data, and technology solutions to financial institutions, public companies, and investors. Its services support the administration and communication of financial information across the investment lifecycle.

The company’s offerings include investor communications, proxy and corporate governance services, securities processing, trade and portfolio management, and technology platforms for wealth and investment management firms.