Broadridge Financial Solutions, Inc. $BR Shares Sold by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC reduced its stake in Broadridge Financial Solutions by 38.2%, leaving it with 66,026 shares worth approximately $16 million.
• In a recent quarterly earnings report, Broadridge Financial Solutions exceeded expectations with an EPS of $3.55, and a revenue increase of 6.2% year-over-year.
• The company announced a quarterly dividend increase to $0.975, reflecting an annualized dividend of $3.90 and a yield of 1.6%.

Voya Investment Management LLC lowered its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 38.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,026 shares of the business services provider's stock after selling 40,756 shares during the period. Voya Investment Management LLC owned about 0.06% of Broadridge Financial Solutions worth $16,009,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. UBS Group increased their target price 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 increased their price objective on Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. Finally, Needham & Company LLC increased their price objective on Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $261.50.

Broadridge Financial Solutions Stock Performance

NYSE BR traded down $1.10 on Friday, hitting $241.46. 1,989,601 shares of the company traded hands, compared to its average volume of 602,488. The company has a market capitalization of $28.28 billion, a price-to-earnings ratio of 34.06 and a beta of 0.96. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.04. The business's 50 day moving average price is $252.35 and its 200-day moving average price is $242.22. Broadridge Financial Solutions, Inc. has a 52-week low of $207.21 and a 52-week 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, beating the consensus estimate of $3.51 by $0.04. The company had revenue of $2.07 billion for 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%.Broadridge Financial Solutions's quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $3.50 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. Equities analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 1.6%. This is a boost 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 presently 55.01%.

Insider Buying and Selling

In related news, President Christopher John Perry sold 7,036 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $262.72, for a total value 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. This trade represents a 12.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Timothy C. Gokey sold 84,571 shares of the firm's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $259.53, for a total value of $21,948,711.63. Following the completion of the transaction, the chief executive officer owned 165,634 shares of the company's stock, valued at $42,986,992.02. This trade represents a 33.80% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 147,532 shares of company stock worth $38,417,208. Insiders own 1.30% of the company's stock.

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.