Cyrus J. Lawrence LLC Sells 42,978 Shares of Broadridge Financial Solutions, Inc. $BR

Key Points

• Cyrus J. Lawrence LLC reduced its stake in Broadridge Financial Solutions by 93.8% in the first quarter, leaving it with a holding worth approximately $683,000, which now represents 2.6% of their investment portfolio.
• Several large investors increased their positions in Broadridge, with Vanguard Group Inc. boosting its stake by 3.1% to 14.7 million shares, valued at around $3.57 billion.
• Broadridge recently declared a quarterly dividend of $0.975, an increase from the previous $0.88, with a payout ratio of 49.65% and an annualized yield of 1.5%.

Cyrus J. Lawrence LLC lowered its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 93.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,818 shares of the business services provider's stock after selling 42,978 shares during the quarter. Broadridge Financial Solutions comprises 2.6% of Cyrus J. Lawrence LLC's holdings, making the stock its 16th biggest position. Cyrus J. Lawrence LLC's holdings in Broadridge Financial Solutions were worth $683,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in Broadridge Financial Solutions in the 1st quarter valued at $29,000. Whipplewood Advisors LLC raised its holdings in 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 acquiring an additional 131 shares in the last quarter. Continuum Advisory LLC raised its holdings in 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 acquiring an additional 46 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its holdings in 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 acquiring an additional 117 shares in the last quarter. Finally, Olde Wealth Management LLC acquired a new position in Broadridge Financial Solutions in the 1st quarter valued at $36,000. Institutional investors and hedge funds own 90.03% of the company's stock.

Insiders Place Their Bets

In related news, President Christopher John Perry sold 7,036 shares of the business's stock in a transaction on Tuesday, August 12th. The stock was 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 in the company, valued at $12,824,151.36. The trade was a 12.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Timothy C. Gokey sold 5,674 shares of the business's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $258.37, for a total value of $1,465,991.38. Following the sale, the chief executive officer owned 143,285 shares in the company, valued at $37,020,545.45. This represents 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 in the last 90 days. 1.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Broadridge Financial Solutions Price Performance

BR stock traded down $2.20 during midday trading on Wednesday, reaching $249.76. 523,913 shares of the stock were exchanged, compared to its average volume of 741,253. The stock has a market capitalization of $29.25 billion, a PE ratio of 35.23 and a beta of 0.96. Broadridge Financial Solutions, Inc. has a 52 week low of $206.95 and a 52 week high of $271.91. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.98 and a quick ratio of 0.98. The company has a fifty day moving average price of $250.12 and a 200 day moving average price of $241.35.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued 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. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the company posted $3.50 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. As a group, analysts expect 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 given a dividend of $0.975 per share. The ex-dividend date is Thursday, September 11th. This represents a $3.90 dividend on an annualized basis and a yield of 1.6%. This is an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.88. Broadridge Financial Solutions's dividend payout ratio is presently 49.65%.

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.