220,000 Shares in Broadridge Financial Solutions, Inc. $BR Bought by McElhenny Sheffield Capital Management LLC

Key Points

• McElhenny Sheffield Capital Management LLC acquired 220,000 shares of Broadridge Financial Solutions, representing a $53.47 million investment and making it the firm's 10th largest position.
• Broadridge Financial Solutions reported strong earnings, with $3.55 per share in the last quarter, surpassing analysts' expectations of $3.51, and a revenue increase of 6.2% year-over-year.
• Multiple analysts have raised their price targets for Broadridge shares, with a consensus rating of "Hold" and an average target price of $261.50.

McElhenny Sheffield Capital Management LLC purchased a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 220,000 shares of the business services provider's stock, valued at approximately $53,467,000. Broadridge Financial Solutions accounts for 3.5% of McElhenny Sheffield Capital Management LLC's holdings, making the stock its 10th largest position. McElhenny Sheffield Capital Management LLC owned about 0.19% of Broadridge Financial Solutions at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BR. ORG Partners LLC boosted its position in Broadridge Financial Solutions by 360.0% during the second quarter. ORG Partners LLC now owns 115 shares of the business services provider's stock valued at $28,000 after buying an additional 90 shares during the period. Golden State Wealth Management LLC purchased a new stake in Broadridge Financial Solutions during the first quarter valued at about $29,000. Continuum Advisory LLC boosted its position in Broadridge Financial Solutions by 48.4% during the first quarter. Continuum Advisory LLC now owns 141 shares of the business services provider's stock valued at $34,000 after buying an additional 46 shares during the period. Clal Insurance Enterprises Holdings Ltd boosted its position in Broadridge Financial Solutions by 450.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 143 shares of the business services provider's stock valued at $35,000 after buying an additional 117 shares during the period. Finally, Olde Wealth Management LLC purchased a new stake in shares of Broadridge Financial Solutions during the first quarter worth about $36,000. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BR shares. Weiss Ratings reiterated a "buy (b)" rating on shares of Broadridge Financial Solutions in a report on Wednesday. Needham & Company LLC increased their target price on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Morgan Stanley increased their target price on shares of Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. UBS Group increased their target price on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. Finally, Wall Street Zen raised shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, October 4th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $261.50.

Broadridge Financial Solutions Price Performance

Shares of NYSE BR opened at $236.64 on Thursday. Broadridge Financial Solutions, Inc. has a fifty-two week low of $208.20 and a fifty-two week high of $271.91. The company has a 50 day simple moving average of $250.56 and a two-hundred day simple moving average of $242.58. The company has a market capitalization of $27.62 billion, a price-to-earnings ratio of 33.38 and a beta of 0.95. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its earnings results on Tuesday, August 5th. The business services provider reported $3.55 earnings per share for the quarter, beating analysts' consensus estimates of $3.51 by $0.04. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter last year, the firm earned $3.50 earnings per share. The business's revenue for the quarter was up 6.2% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. Analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were paid a dividend of $0.975 per share. This is a positive change from Broadridge Financial Solutions's previous quarterly dividend of $0.88. This represents a $3.90 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, September 11th. Broadridge Financial Solutions's payout ratio is 55.01%.

Insider Buying and Selling

In related news, President Christopher John Perry sold 7,036 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $262.72, for a total transaction of $1,848,497.92. Following the completion of the sale, the president owned 48,813 shares of the company's stock, valued at $12,824,151.36. This trade represents a 12.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy C. Gokey sold 84,571 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $259.53, for a total transaction of $21,948,711.63. Following the sale, the chief executive officer directly owned 165,634 shares of the company's stock, valued at $42,986,992.02. This trade represents a 33.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,532 shares of company stock valued at $38,417,208 in the last ninety days. Insiders own 1.10% of the company's stock.

Broadridge Financial Solutions Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry. The company's Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services; and distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions.

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