Thurston Springer Miller Herd & Titak Inc. Buys 1,952 Shares of Broadridge Financial Solutions, Inc. $BR

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its stake in Broadridge Financial Solutions by 14.4% in Q2, owning 15,523 shares valued at approximately $3.77 million.
• Broadridge Financial Solutions recently reported a quarterly EPS of $3.55, exceeding estimates, with quarterly revenue up 6.2% year-over-year at $2.07 billion.
• The company announced a dividend increase to $0.975 per share, reflecting a 1.5% yield and a boost from the previous quarterly payment of $0.88.

Thurston Springer Miller Herd & Titak Inc. raised its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 14.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,523 shares of the business services provider's stock after buying an additional 1,952 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Broadridge Financial Solutions were worth $3,772,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of BR. GAMMA Investing LLC grew its holdings in Broadridge Financial Solutions by 31,011.4% in the first quarter. GAMMA Investing LLC now owns 989,964 shares of the business services provider's stock valued at $240,027,000 after purchasing an additional 986,782 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Broadridge Financial Solutions by 28,222.6% in the 1st quarter. Jones Financial Companies Lllp now owns 949,657 shares of the business services provider's stock valued at $230,254,000 after buying an additional 946,304 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Broadridge Financial Solutions by 577.9% in the 1st quarter. Ameriprise Financial Inc. now owns 1,035,938 shares of the business services provider's stock valued at $251,513,000 after buying an additional 883,125 shares during the period. Vanguard Group Inc. increased its holdings in Broadridge Financial Solutions by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 14,733,147 shares of the business services provider's stock worth $3,572,199,000 after purchasing an additional 438,381 shares during the period. Finally, Nuveen LLC purchased a new stake in Broadridge Financial Solutions during the 1st quarter worth about $91,445,000. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BR has been the topic of a number of recent analyst reports. UBS Group increased their price objective on Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a "neutral" rating in a report on Friday, August 8th. Morgan Stanley upped their target price on Broadridge Financial Solutions from $222.00 to $261.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. Finally, Needham & Company LLC upped their target price on Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $261.50.

Broadridge Financial Solutions Stock Down 0.6%

Broadridge Financial Solutions stock traded down $1.41 during midday trading on Friday, hitting $241.15. The stock had a trading volume of 267,741 shares, compared to its average volume of 592,745. The stock has a market cap of $28.25 billion, a P/E ratio of 34.01 and a beta of 0.96. The business has a fifty day moving average price of $252.22 and a 200 day moving average price of $242.22. Broadridge Financial Solutions, Inc. has a 12 month low of $207.21 and a 12 month high of $271.91. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.04.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its 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. Broadridge Financial Solutions had a return on equity of 42.72% and a net margin of 12.19%.The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same period in the prior year, the company earned $3.50 earnings per share. The business's revenue was up 6.2% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. Research analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

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

Insider Buying and Selling at Broadridge Financial Solutions

In other news, President Christopher John Perry sold 7,036 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $262.72, for a total value of $1,848,497.92. Following the transaction, the president directly owned 48,813 shares of the company's stock, valued at approximately $12,824,151.36. This represents a 12.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Timothy C. Gokey sold 5,674 shares of the company's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $258.37, for a total transaction of $1,465,991.38. Following the completion of the sale, the chief executive officer owned 143,285 shares of the company's stock, valued at $37,020,545.45. This represents a 3.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,532 shares of company stock worth $38,417,208. Company insiders own 1.30% of the company's stock.

About Broadridge Financial Solutions

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.