BDF Gestion Lowers Stake in Broadridge Financial Solutions, Inc. $BR

Key Points

• BDF Gestion reduced its holdings in Broadridge Financial Solutions by 9.8%, ending with 16,015 shares valued at approximately $3.89 million.
• Broadridge recently increased its quarterly dividend to $0.975, reflecting a positive change from the previous value, with a current dividend yield of 1.6%.
• Morgan Stanley and Needham & Company raised their price targets for Broadridge shares, now at $261 and $305, respectively, signaling optimism in the company's stock performance.

BDF Gestion reduced its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 9.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 16,015 shares of the business services provider's stock after selling 1,746 shares during the quarter. BDF Gestion's holdings in Broadridge Financial Solutions were worth $3,892,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in shares of Broadridge Financial Solutions in the 1st quarter valued at $29,000. Whipplewood Advisors LLC boosted 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 valued at $33,000 after purchasing an additional 131 shares during the last quarter. Continuum Advisory LLC boosted 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 valued at $34,000 after purchasing an additional 46 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted 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 valued at $35,000 after purchasing an additional 117 shares during the last quarter. Finally, Olde Wealth Management LLC bought a new stake in shares of Broadridge Financial Solutions in the 1st quarter valued at $36,000. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Broadridge Financial Solutions Stock Down 1.2%

Shares of NYSE:BR traded down $2.81 during midday trading on Tuesday, reaching $238.79. The company's stock had a trading volume of 321,038 shares, compared to its average volume of 601,417. The firm has a 50 day moving average of $252.46 and a 200-day moving average of $242.25. The firm has a market capitalization of $27.97 billion, a P/E ratio of 33.71 and a beta of 0.96. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.04. Broadridge Financial Solutions, Inc. has a 12-month low of $208.14 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 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 firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the prior year, the firm earned $3.50 EPS. The company'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. On average, research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current 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 given a dividend of $0.975 per share. This is a positive change 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 payout ratio is currently 55.01%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. 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 research note 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 research note on Friday, August 8th. Finally, 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 research note on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, Broadridge Financial Solutions has a consensus rating of "Hold" and an average target price of $261.50.

Insider Activity

In other news, President Christopher John Perry sold 7,036 shares of the firm'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 $12,824,151.36. This trade represents a 12.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Timothy C. Gokey sold 5,674 shares of the firm's 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 directly owned 143,285 shares in the company, valued at approximately $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 worth $38,417,208 over the last three months. 1.30% of the stock is currently owned by 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.