Westwind Capital Acquires New Holdings in Broadridge Financial Solutions, Inc. $BR

Westwind Capital bought a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,674 shares of the business services provider’s stock, valued at approximately $592,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in Broadridge Financial Solutions in the 2nd quarter valued at about $1,473,918,000. Barclays PLC raised its holdings in shares of Broadridge Financial Solutions by 1.8% during the fourth quarter. Barclays PLC now owns 2,007,968 shares of the business services provider’s stock valued at $448,118,000 after acquiring an additional 35,169 shares during the last quarter. Jupiter Topco LLC acquired a new position in shares of Broadridge Financial Solutions during the second quarter valued at approximately $261,852,000. Van ECK Associates Corp lifted its position in shares of Broadridge Financial Solutions by 11.3% in the second quarter. Van ECK Associates Corp now owns 1,875,684 shares of the business services provider’s stock valued at $256,875,000 after acquiring an additional 190,301 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Broadridge Financial Solutions in the second quarter valued at approximately $197,921,000. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, VP Thomas Carey sold 2,501 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $159.76, for a total value of $399,559.76. Following 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.00% of the stock is currently owned by corporate insiders.

Broadridge Financial Solutions Trading Up 3.1%

Shares of BR traded up $5.00 during mid-day trading on Thursday, reaching $165.13. The stock had a trading volume of 1,071,194 shares, compared to its average volume of 1,362,973. Broadridge Financial Solutions, Inc. has a 52-week low of $133.83 and a 52-week high of $237.39. The firm has a market cap of $18.64 billion, a price-to-earnings ratio of 17.17 and a beta of 0.92. The business’s fifty day moving average is $169.11 and its 200 day moving average is $157.66. 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 data 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 return on equity of 40.25% and a net margin of 15.04%.The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the prior year, the business posted $3.55 earnings per share. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. 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 fiscal year.

Broadridge Financial Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 5th. Shareholders 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 2.6%. The ex-dividend date was Thursday, September 3rd. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 45.32%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on BR shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research note on Friday, August 7th. Royal Bank Of Canada boosted their price target 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, August 31st. UBS Group reaffirmed a “neutral” rating and set a $180.00 price objective on shares of Broadridge Financial Solutions in a research note on Monday, August 17th. Finally, Morgan Stanley raised their target price 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. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.