Public Employees Retirement System of Ohio Purchases Shares of 35,809 Broadridge Financial Solutions, Inc. $BR

Public Employees Retirement System of Ohio acquired a new stake in shares of 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 acquired 35,809 shares of the business services provider’s stock, valued at approximately $4,904,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC purchased a new stake in Broadridge Financial Solutions during the fourth quarter valued at about $580,000. Empowered Funds LLC raised its holdings in shares of Broadridge Financial Solutions by 41.5% in the 1st quarter. Empowered Funds LLC now owns 3,957 shares of the business services provider’s stock worth $959,000 after purchasing an additional 1,160 shares during the period. Woodline Partners LP lifted its stake in shares of Broadridge Financial Solutions by 6.9% in the 1st quarter. Woodline Partners LP now owns 9,886 shares of the business services provider’s stock valued at $2,397,000 after purchasing an additional 635 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of Broadridge Financial Solutions by 480.8% in the 1st quarter. Acadian Asset Management LLC now owns 2,544 shares of the business services provider’s stock valued at $616,000 after purchasing an additional 2,106 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in shares of Broadridge Financial Solutions by 8.5% in the 2nd quarter. Cerity Partners LLC now owns 25,523 shares of the business services provider’s stock valued at $6,203,000 after purchasing an additional 2,004 shares in the last quarter. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on BR shares. UBS Group reissued a “neutral” rating and set a $180.00 target price on shares of Broadridge Financial Solutions in a research report on Monday, August 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research report on Friday, August 7th. Morgan Stanley boosted their price objective on shares of 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. Finally, Royal Bank Of Canada increased their price objective on shares of Broadridge Financial Solutions from $225.00 to $226.00 and gave the stock an “outperform” rating in a research report on Monday. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $216.00.

Broadridge Financial Solutions Price Performance

BR stock opened at $178.30 on Thursday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.24 and a current ratio of 1.24. Broadridge Financial Solutions, Inc. has a 1 year low of $133.83 and a 1 year high of $255.74. The firm has a market cap of $20.33 billion, a P/E ratio of 18.53 and a beta of 0.90. The stock has a 50-day simple moving average of $159.61 and a 200-day simple moving average of $160.39.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Tuesday, August 4th. The business services provider reported $3.82 EPS for the quarter, topping the consensus estimate of $3.76 by $0.06. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.17 billion. Broadridge Financial Solutions had a return on equity of 40.25% and a net margin of 15.04%.Broadridge Financial Solutions’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $3.55 EPS. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. On average, equities 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 announced a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Thursday, September 3rd will be given a dividend of $1.09 per share. The ex-dividend date of this dividend is Thursday, September 3rd. 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 2.4%. Broadridge Financial Solutions’s dividend payout ratio is presently 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.