OMERS ADMINISTRATION Corp Acquires Shares of 6,239 Broadridge Financial Solutions, Inc. $BR

OMERS ADMINISTRATION Corp bought a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,239 shares of the business services provider’s stock, valued at approximately $854,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Reflection Asset Management acquired a new stake in Broadridge Financial Solutions during the fourth quarter worth approximately $25,000. Nemes Rush Group LLC bought a new position in Broadridge Financial Solutions during the 4th quarter worth $27,000. Prosperity Bancshares Inc acquired a new position in Broadridge Financial Solutions in the 4th quarter valued at $28,000. Bell Investment Advisors Inc bought a new stake in shares of Broadridge Financial Solutions during the 2nd quarter valued at $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. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Hope M. Jarkowski sold 1,966 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $155.00, for a total transaction of $304,730.00. Following the sale, the insider owned 1 shares in the company, valued at $155. The trade was a 99.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on BR shares. DA Davidson reduced their target price on Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Royal Bank Of Canada increased their price objective on shares of Broadridge Financial Solutions from $200.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Needham & Company LLC decreased their target price on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Morgan Stanley boosted their target price on shares of Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. Finally, UBS Group restated a “neutral” rating and issued a $180.00 target price on shares of Broadridge Financial Solutions in a research report on Monday, August 17th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Broadridge Financial Solutions has an average rating of “Moderate Buy” and a consensus target price of $215.86.

Broadridge Financial Solutions Price Performance

Shares of NYSE:BR opened at $183.06 on Friday. Broadridge Financial Solutions, Inc. has a one year low of $133.83 and a one year high of $258.70. 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 company has a market cap of $20.87 billion, a price-to-earnings ratio of 19.03 and a beta of 0.87. The firm has a 50 day simple moving average of $156.12 and a 200 day simple moving average of $160.16.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share for the quarter, topping analysts’ consensus estimates of $3.76 by $0.06. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations 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 was up 7.5% on a year-over-year basis. During the same quarter 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. Research analysts predict that Broadridge Financial Solutions, Inc. will post 10.54 earnings per share for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Thursday, September 3rd will be issued a dividend of $1.09 per share. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $4.36 annualized dividend and a dividend yield of 2.4%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 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.