Brasada Capital Management LP Reduces Stock Position in Broadridge Financial Solutions, Inc. $BR

Key Points

• Brasada Capital Management LP reduced its stock position in Broadridge Financial Solutions by 6.7%, now owning 21,595 shares valued at approximately $5.24 million.
• Broadridge Financial Solutions has announced a quarterly dividend increase to $0.975 per share, marking a boost from the previous dividend of $0.88.
• The company's recent earnings report showed an EPS of $3.55, exceeding expectations, while its revenue reached $2.07 billion, a 6.2% increase compared to the prior year.

Brasada Capital Management LP reduced its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 6.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,595 shares of the business services provider's stock after selling 1,556 shares during the period. Brasada Capital Management LP's holdings in Broadridge Financial Solutions were worth $5,236,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in shares of Broadridge Financial Solutions in the 1st quarter worth $29,000. Whipplewood Advisors LLC grew its stake in shares of 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 buying an additional 131 shares in the last quarter. Continuum Advisory LLC grew its stake in shares of 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 buying an additional 46 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of 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 buying an additional 117 shares in the last quarter. Finally, Olde Wealth Management LLC purchased a new position in shares of Broadridge Financial Solutions during the 1st quarter worth about $36,000. 90.03% of the stock is owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Trading Down 0.4%

NYSE:BR opened at $255.95 on Friday. Broadridge Financial Solutions, Inc. has a one year low of $206.95 and a one year high of $271.91. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $29.98 billion, a P/E ratio of 36.10 and a beta of 0.94. The firm has a 50-day simple moving average of $249.38 and a 200-day simple moving average of $241.12.

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

Broadridge Financial Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a dividend of $0.975 per share. This is a boost from Broadridge Financial Solutions's previous quarterly dividend of $0.88. The ex-dividend date is Thursday, September 11th. This represents a $3.90 annualized dividend and a dividend yield of 1.5%. Broadridge Financial Solutions's dividend payout ratio (DPR) is presently 49.65%.

Insider Buying and Selling

In related news, President Christopher John Perry sold 7,036 shares of the business'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 transaction, the president owned 48,813 shares in the company, valued at $12,824,151.36. The trade was a 12.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Maura A. Markus sold 3,556 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $243.08, for a total transaction of $864,392.48. Following the transaction, the director owned 30,892 shares of the company's stock, valued at approximately $7,509,227.36. This trade represents a 10.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 151,088 shares of company stock worth $39,281,601 in the last 90 days. 1.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

BR has been the subject of a number of recent analyst reports. Morgan Stanley lifted their price target on shares of Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $259.00 price target on shares of Broadridge Financial Solutions in a research note on Monday, May 19th. Needham & Company LLC lifted their price target on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Wall Street Zen raised shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Finally, UBS Group lifted their price target on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $261.50.

Broadridge Financial Solutions Company 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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