JSF Financial LLC Makes New Investment in Broadridge Financial Solutions, Inc. $BR

Key Points

• JSF Financial LLC has acquired a new position in Broadridge Financial Solutions, purchasing 3,630 shares valued at approximately $882,000 during the 2nd quarter.
• CEO Timothy C. Gokey and President Christopher John Perry sold a combined 12,710 shares of Broadridge stock recently, indicating a decrease in their ownership positions.
• Broadridge Financial Solutions reported a quarterly earnings per share of $3.55, exceeding analysts' estimates and showing a revenue increase of 6.2% compared to the same quarter last year.

JSF Financial LLC acquired 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 SEC. The fund acquired 3,630 shares of the business services provider's stock, valued at approximately $882,000.

Other hedge funds also recently made changes to their positions in the company. D.A. Davidson & CO. bought a new stake in Broadridge Financial Solutions during the first quarter worth approximately $217,000. CWA Asset Management Group LLC lifted its position in shares of Broadridge Financial Solutions by 6.8% during the 1st quarter. CWA Asset Management Group LLC now owns 1,370 shares of the business services provider's stock valued at $332,000 after acquiring an additional 87 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Broadridge Financial Solutions during the first quarter worth $29,000. Sequoia Financial Advisors LLC raised its position in shares of Broadridge Financial Solutions by 9.6% during the first quarter. Sequoia Financial Advisors LLC now owns 1,153 shares of the business services provider's stock worth $279,000 after purchasing an additional 101 shares during the period. Finally, Triangle Securities Wealth Management acquired a new stake in shares of Broadridge Financial Solutions during the second quarter worth $784,000. Institutional investors and hedge funds own 90.03% of the company's stock.

Insiders Place Their Bets

In related news, CEO Timothy C. Gokey sold 5,674 shares of Broadridge Financial Solutions stock in a transaction on Monday, August 25th. The stock was sold at an average price of $258.37, for a total transaction of $1,465,991.38. Following the completion of the sale, the chief executive officer owned 143,285 shares of the company's stock, valued at approximately $37,020,545.45. This trade represents a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Christopher John Perry sold 7,036 shares of Broadridge Financial Solutions stock in a transaction on 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 sale, the president directly owned 48,813 shares of the company's stock, valued at approximately $12,824,151.36. The trade was a 12.60% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 147,532 shares of company stock valued at $38,417,208. Insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

BR has been the topic of a number of analyst reports. UBS Group lifted their price target on Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. Weiss Ratings reiterated a "buy (b)" rating on shares of Broadridge Financial Solutions in a report on Saturday, September 27th. Morgan Stanley raised 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 report on Wednesday, August 6th. Wall Street Zen upgraded shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Needham & Company LLC upped their price target on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $261.50.

Broadridge Financial Solutions Price Performance

NYSE BR opened at $234.70 on Friday. The company has a 50 day simple moving average of $251.32 and a 200-day simple moving average of $242.58. 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 firm has a market capitalization of $27.49 billion, a price-to-earnings ratio of 33.10 and a beta of 0.95. Broadridge Financial Solutions, Inc. has a 52-week low of $208.20 and a 52-week high of $271.91.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The business services provider reported $3.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.51 by $0.04. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.06 billion. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. The firm's revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.50 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. Equities research analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were issued a dividend of $0.975 per share. The ex-dividend date was Thursday, September 11th. This represents a $3.90 annualized dividend and a dividend yield of 1.7%. This is an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.88. Broadridge Financial Solutions's dividend payout ratio is presently 55.01%.

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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