Broadridge Financial Solutions, Inc. $BR Shares Bought by Voleon Capital Management LP

Key Points

• Voleon Capital Management LP increased its stake in Broadridge Financial Solutions by 343.3% in the first quarter, owning 11,243 shares valued at $2.726 million after acquiring 8,707 shares.
• Broadridge recently declared a quarterly dividend of $0.975, up from the previous $0.88, reflecting a positive trend in dividend payouts for the company.
• Analysts have set a target price range for Broadridge Financial Solutions, with estimates between $259.00 to $305.00, indicating a generally favorable outlook on the stock.

Voleon Capital Management LP raised its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 343.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,243 shares of the business services provider's stock after acquiring an additional 8,707 shares during the quarter. Voleon Capital Management LP's holdings in Broadridge Financial Solutions were worth $2,726,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in BR. Brighton Jones LLC acquired a new position in shares of Broadridge Financial Solutions during the 4th quarter worth about $580,000. Ameriprise Financial Inc. boosted its position in shares of Broadridge Financial Solutions by 2.1% during the 4th quarter. Ameriprise Financial Inc. now owns 152,813 shares of the business services provider's stock worth $34,560,000 after acquiring an additional 3,177 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Broadridge Financial Solutions by 19.4% in the 4th quarter. Cetera Investment Advisers now owns 28,285 shares of the business services provider's stock valued at $6,395,000 after purchasing an additional 4,605 shares during the period. Investment Management Corp of Ontario boosted its position in shares of Broadridge Financial Solutions by 11.8% in the 4th quarter. Investment Management Corp of Ontario now owns 16,458 shares of the business services provider's stock valued at $3,721,000 after purchasing an additional 1,732 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Broadridge Financial Solutions by 8.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,669 shares of the business services provider's stock valued at $5,804,000 after purchasing an additional 1,946 shares during the period. 90.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. 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. UBS Group upped their target price on Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Royal Bank Of Canada reissued an "outperform" rating and issued a $259.00 target price on shares of Broadridge Financial Solutions in a research report on Monday, May 19th. Finally, 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. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Broadridge Financial Solutions has an average rating of "Hold" and an average target price of $261.50.

Insider Transactions at Broadridge Financial Solutions

In related news, President Christopher John Perry sold 7,036 shares of the business's 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 sale, the president owned 48,813 shares of the company's stock, valued at approximately $12,824,151.36. The trade was a 12.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Timothy C. Gokey sold 5,674 shares of the business's stock in a transaction dated 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 sale, the chief executive officer directly owned 143,285 shares in the company, valued at approximately $37,020,545.45. This represents a 3.81% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 147,532 shares of company stock worth $38,417,208. 1.30% of the stock is owned by insiders.

Broadridge Financial Solutions Stock Performance

Shares of BR stock traded down $2.81 during trading hours on Friday, reaching $252.01. 547,705 shares of the company's stock were exchanged, compared to its average volume of 618,070. 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 1 year low of $207.21 and a 1 year high of $271.91. The company has a market cap of $29.52 billion, a P/E ratio of 35.54 and a beta of 0.96. The company's 50 day moving average is $251.65 and its two-hundred day moving average is $242.06.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The business services provider reported $3.55 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the prior year, the company posted $3.50 earnings per share. Broadridge Financial Solutions's quarterly revenue 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. Equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS 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 paid a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 1.5%. This is a positive change from Broadridge Financial Solutions's previous quarterly dividend of $0.88. The ex-dividend date is Thursday, September 11th. Broadridge Financial Solutions's dividend payout ratio (DPR) is 55.01%.

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.