4,000 Shares in Broadridge Financial Solutions, Inc. $BR Purchased by Michael J. Porro & Co. Financial Advisors Inc.

Michael J. Porro & Co. Financial Advisors Inc. acquired a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 4,000 shares of the business services provider’s stock, valued at approximately $644,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Reflection Asset Management purchased a new position in shares of Broadridge Financial Solutions in the fourth quarter worth $25,000. Security National Bank of SO Dak bought a new position in shares of Broadridge Financial Solutions during the second quarter worth $26,000. Markowski Investments purchased a new position in Broadridge Financial Solutions during the second quarter valued at $27,000. Valley Wealth Managers Inc. grew its stake in Broadridge Financial Solutions by 230.8% during the third quarter. Valley Wealth Managers Inc. now owns 172 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 120 shares in the last quarter. Finally, Bell Investment Advisors Inc purchased a new position in Broadridge Financial Solutions during the second quarter valued at $29,000. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Up 3.4%

NYSE BR opened at $173.96 on Friday. 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 $19.64 billion, a P/E ratio of 18.08 and a beta of 0.92. Broadridge Financial Solutions, Inc. has a one year low of $133.83 and a one year high of $236.02. The stock has a 50 day moving average price of $169.99 and a 200-day moving average price of $157.78.

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 company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the previous year, the business posted $3.55 earnings per share. Broadridge Financial Solutions’s quarterly revenue was up 7.5% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. As a group, equities analysts predict that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The firm also recently announced 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. The ex-dividend date was Thursday, September 3rd. This represents a $4.36 annualized dividend and a dividend yield of 2.5%. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.9750. Broadridge Financial Solutions’s dividend payout ratio is currently 45.32%.

Insider Activity

In related news, VP Thomas Carey sold 2,501 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $159.76, for a total value of $399,559.76. Following the completion of the transaction, the vice president owned 8,800 shares of the company’s stock, valued at approximately $1,405,888. This trade represents a 22.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

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

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc is a financial technology and services company that provides communications, technology and data solutions to financial institutions, public companies and other organizations. Its platforms support critical business processes across investor communications, capital markets, wealth management and corporate governance.

The company’s services include proxy and regulatory communications, shareholder and customer communications, securities processing, trading and operations technology, portfolio and wealth management tools, and governance solutions.