Daiichi Life Insurance Co. Ltd. Takes $949,000 Position in Broadridge Financial Solutions, Inc. $BR

Daiichi Life Insurance Co. Ltd. purchased a new position in Broadridge Financial Solutions, Inc. (NYSE:BR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,928 shares of the business services provider’s stock, valued at approximately $949,000.

A number of other hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of Broadridge Financial Solutions during the second quarter valued at about $1,473,918,000. State Street Corp grew its position in shares of Broadridge Financial Solutions by 6.7% in the 4th quarter. State Street Corp now owns 5,994,841 shares of the business services provider’s stock worth $1,343,572,000 after buying an additional 375,699 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Broadridge Financial Solutions by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 3,354,869 shares of the business services provider’s stock worth $746,062,000 after buying an additional 12,524 shares during the last quarter. Barclays PLC raised its stake in shares of Broadridge Financial Solutions by 1.8% during the 4th quarter. Barclays PLC now owns 2,007,968 shares of the business services provider’s stock worth $448,118,000 after acquiring an additional 35,169 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Broadridge Financial Solutions by 6.6% during the 3rd quarter. Northern Trust Corp now owns 1,711,824 shares of the business services provider’s stock worth $407,705,000 after acquiring an additional 105,696 shares in the last quarter. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BR has been the subject of a number of analyst reports. Morgan Stanley increased 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. UBS Group reaffirmed a “neutral” rating and issued a $180.00 price target on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Needham & Company LLC reduced their price target on Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Broadridge Financial Solutions in a report on Friday, August 7th. Finally, Royal Bank Of Canada raised their price objective on Broadridge Financial Solutions from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $215.86.

Broadridge Financial Solutions Stock Performance

BR opened at $185.61 on Tuesday. Broadridge Financial Solutions, Inc. has a 52-week low of $133.83 and a 52-week high of $263.00. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.15. The company has a market cap of $21.16 billion, a P/E ratio of 19.29 and a beta of 0.87. The firm’s 50-day moving average price is $153.56 and its 200-day moving average price is $160.27.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Tuesday, August 4th. The business services provider reported $3.82 EPS for the quarter, beating the consensus estimate of $3.76 by $0.06. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.17 billion. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. Broadridge Financial Solutions’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm posted $3.55 EPS. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. As a group, equities analysts anticipate that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Thursday, September 3rd will be issued a $1.09 dividend. 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 dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 3rd. Broadridge Financial Solutions’s dividend payout ratio is 40.54%.

Insider Activity

In other news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions stock in a transaction 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 completion of the sale, the insider directly owned 1 shares in the company, valued at approximately $155. The trade was a 99.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions 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.