Czech National Bank Increases Stock Holdings in Broadridge Financial Solutions, Inc. $BR

Key Points

• The Czech National Bank increased its stake in Broadridge Financial Solutions by 6.8% during Q2, bringing its total holdings to $6,978,000 with 28,712 shares.
• Broadridge Financial Solutions reported a quarterly EPS of $3.55, exceeding expectations and a revenue of $2.07 billion, marking a 6.2% increase year-over-year.
• The company announced a quarterly dividend of $0.975 per share, reflecting an increase from the previous dividend and representing an annualized yield of 1.6%.

Czech National Bank grew its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 6.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,712 shares of the business services provider's stock after buying an additional 1,835 shares during the period. Czech National Bank's holdings in Broadridge Financial Solutions were worth $6,978,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB lifted its position in shares of Broadridge Financial Solutions by 112.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,110 shares of the business services provider's stock valued at $270,000 after buying an additional 587 shares in the last quarter. NBC Securities Inc. lifted its position in shares of Broadridge Financial Solutions by 2.9% during the 2nd quarter. NBC Securities Inc. now owns 5,966 shares of the business services provider's stock valued at $1,450,000 after buying an additional 170 shares in the last quarter. Gallacher Capital Management LLC purchased a new position in shares of Broadridge Financial Solutions during the 2nd quarter valued at about $253,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Broadridge Financial Solutions by 14.4% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 15,523 shares of the business services provider's stock worth $3,772,000 after purchasing an additional 1,952 shares in the last quarter. Finally, Trust Co of the South purchased a new position in Broadridge Financial Solutions in the 2nd quarter worth approximately $218,000. 90.03% of the stock is owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Stock Performance

NYSE BR opened at $245.10 on Thursday. The company has a market cap of $28.71 billion, a P/E ratio of 34.57 and a beta of 0.96. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98. The business's 50 day moving average price is $252.14 and its 200-day moving average price is $242.23. Broadridge Financial Solutions, Inc. has a fifty-two week low of $207.21 and a fifty-two week high of $271.91.

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 EPS 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.50 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. Sell-side analysts predict 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. Investors of record on Thursday, September 11th will be given a dividend of $0.975 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $3.90 annualized dividend 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 currently 55.01%.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, CEO Timothy C. Gokey sold 84,571 shares of the company's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $259.53, for a total transaction of $21,948,711.63. Following the transaction, the chief executive officer directly owned 165,634 shares of the company's stock, valued at $42,986,992.02. This represents a 33.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, President Christopher John Perry sold 7,036 shares of the company's stock in a transaction dated 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 in the company, valued at $12,824,151.36. This represents a 12.60% decrease in their ownership of the stock. 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 ninety days. 1.30% of the stock is currently owned by corporate 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.

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