Gallacher Capital Management LLC Takes $253,000 Position in Broadridge Financial Solutions, Inc. $BR

Key Points

• Gallacher Capital Management LLC has acquired a new position in Broadridge Financial Solutions, purchasing 1,043 shares valued at approximately $253,000.
• Broadridge Financial Solutions has announced an increase in its quarterly dividend from $0.88 to $0.975 per share, with an ex-dividend date of September 11th.
• The company reported earnings of $3.55 per share for the previous quarter, exceeding estimates, and set FY 2026 guidance with expected earnings between $9.230 and $9.580 per share.

Gallacher Capital Management LLC purchased a new position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,043 shares of the business services provider's stock, valued at approximately $253,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Continuum Advisory LLC boosted its holdings in Broadridge Financial Solutions by 48.4% in the first quarter. Continuum Advisory LLC now owns 141 shares of the business services provider's stock worth $34,000 after acquiring an additional 46 shares in the last quarter. Norden Group LLC raised its position in shares of Broadridge Financial Solutions by 2.6% in the 1st quarter. Norden Group LLC now owns 1,852 shares of the business services provider's stock valued at $449,000 after purchasing an additional 47 shares during the last quarter. Crew Capital Management Ltd. raised its position in shares of Broadridge Financial Solutions by 2.4% in the 1st quarter. Crew Capital Management Ltd. now owns 2,020 shares of the business services provider's stock valued at $490,000 after purchasing an additional 48 shares during the last quarter. Cresset Asset Management LLC boosted its stake in Broadridge Financial Solutions by 1.8% in the 1st quarter. Cresset Asset Management LLC now owns 2,820 shares of the business services provider's stock worth $686,000 after purchasing an additional 49 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in Broadridge Financial Solutions by 7.0% during the 1st quarter. Smartleaf Asset Management LLC now owns 747 shares of the business services provider's stock worth $177,000 after purchasing an additional 49 shares during the last quarter. Institutional investors own 90.03% of the company's stock.

Broadridge Financial Solutions Trading Down 0.8%

NYSE BR opened at $249.91 on Tuesday. Broadridge Financial Solutions, Inc. has a 1 year low of $207.21 and a 1 year 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 market capitalization of $29.27 billion, a PE ratio of 35.25 and a beta of 0.96. The company has a fifty day moving average of $251.84 and a 200 day moving average of $242.19.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The business services provider reported $3.55 earnings per share for the quarter, topping 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%.The firm's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the firm earned $3.50 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. Research analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The business also recently declared 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 an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.88. This represents a $3.90 annualized dividend and a yield of 1.6%. The ex-dividend date is Thursday, September 11th. Broadridge Financial Solutions's dividend payout ratio (DPR) is 55.01%.

Insider Buying and Selling

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey sold 84,571 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer owned 165,634 shares in the company, valued at approximately $42,986,992.02. This represents a 33.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Christopher John Perry sold 7,036 shares of Broadridge Financial Solutions stock in a transaction that occurred on 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 transaction, the president directly owned 48,813 shares of the company's stock, valued at approximately $12,824,151.36. This trade represents a 12.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,532 shares of company stock valued at $38,417,208 over the last three months. 1.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on BR. UBS Group raised their price target on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. Morgan Stanley raised their target price on 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. Needham & Company LLC boosted their price target on Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $259.00 price target on shares of Broadridge Financial Solutions in a research note on Monday, May 19th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, Broadridge Financial Solutions has an average rating of "Hold" and a consensus price target of $261.50.

Broadridge Financial Solutions Company 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.

Want to see what other hedge funds are holding BR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.