Bontempo Ohly Capital Mgmt LLC Buys Shares of 18,788 Broadridge Financial Solutions, Inc. $BR

Key Points

• Bontempo Ohly Capital Mgmt LLC acquired a new stake in Broadridge Financial Solutions, purchasing 18,788 shares valued at approximately $4.55 million, making it the firm's 12th largest position.
• Insiders, including the CEO and President, have recently sold shares of Broadridge Financial Solutions, with total insider sales amounting to $38.4 million over the last quarter.
• Broadridge Financial Solutions announced a quarterly dividend increase to $0.975 per share, up from the previous $0.88, reflecting a commitment to returning capital to shareholders.

Bontempo Ohly Capital Mgmt LLC purchased a new position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 18,788 shares of the business services provider's stock, valued at approximately $4,555,000. Broadridge Financial Solutions makes up about 2.2% of Bontempo Ohly Capital Mgmt LLC's investment portfolio, making the stock its 12th biggest holding.

Other hedge funds have also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in Broadridge Financial Solutions in the 1st quarter worth approximately $29,000. Whipplewood Advisors LLC raised its holdings in Broadridge Financial Solutions by 2,620.0% in the 1st quarter. Whipplewood Advisors LLC now owns 136 shares of the business services provider's stock worth $33,000 after acquiring an additional 131 shares during the last quarter. Continuum Advisory LLC raised its holdings in Broadridge Financial Solutions by 48.4% in the 1st quarter. Continuum Advisory LLC now owns 141 shares of the business services provider's stock worth $34,000 after acquiring an additional 46 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd raised its holdings in Broadridge Financial Solutions by 450.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 143 shares of the business services provider's stock worth $35,000 after acquiring an additional 117 shares during the last quarter. Finally, Olde Wealth Management LLC purchased a new position in Broadridge Financial Solutions in the 1st quarter worth approximately $36,000. 90.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

BR has been the subject of a number of recent analyst reports. Needham & Company LLC boosted their price objective 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. UBS Group boosted their price objective 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, Morgan Stanley boosted their price objective 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. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $261.50.

Broadridge Financial Solutions Trading Up 1.2%

Shares of BR traded up $3.05 during mid-day trading on Wednesday, reaching $248.66. 147,988 shares of the company's stock traded hands, compared to its average volume of 590,810. The stock's 50-day moving average is $252.00 and its two-hundred day moving average is $242.21. The stock has a market cap of $29.13 billion, a P/E ratio of 35.06 and a beta of 0.96. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.98 and a quick ratio of 0.98. Broadridge Financial Solutions, Inc. has a 12 month low of $207.21 and a 12 month high of $271.91.

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

Broadridge Financial Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be issued a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Thursday, September 11th. This is a positive change from Broadridge Financial Solutions's previous quarterly dividend of $0.88. Broadridge Financial Solutions's dividend payout ratio (DPR) is 55.01%.

Insider Transactions at Broadridge Financial Solutions

In related news, President Christopher John Perry sold 7,036 shares of Broadridge Financial Solutions stock in a transaction dated 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 in the company, valued at $12,824,151.36. This trade represents a 12.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Timothy C. Gokey sold 5,674 shares of Broadridge Financial Solutions stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $258.37, for a total transaction of $1,465,991.38. Following the sale, the chief executive officer owned 143,285 shares of the company's stock, valued at $37,020,545.45. The trade was a 3.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,532 shares of company stock valued at $38,417,208 in the last quarter. 1.30% of the stock is currently owned by company insiders.

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.