1,487 Shares in Broadridge Financial Solutions, Inc. $BR Acquired by Teza Capital Management LLC

Key Points

• Teza Capital Management LLC has acquired a new stake in Broadridge Financial Solutions, purchasing 1,487 shares valued at approximately $361,000 during the first quarter.
• Wall Street analysts are optimistic about Broadridge's future performance, with multiple firms raising their price targets; UBS Group now targets $280, while Needham & Company raises theirs to $305.
• Broadridge Financial Solutions has announced a quarterly dividend increase from $0.88 to $0.975, with the next payment scheduled for October 2nd, reflecting a commitment to returning value to shareholders.

Teza Capital Management LLC acquired a new position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,487 shares of the business services provider's stock, valued at approximately $361,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in Broadridge Financial Solutions in the 1st quarter worth approximately $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 worth $33,000 after acquiring an additional 131 shares during the period. Minot DeBlois Advisors LLC bought a new position in Broadridge Financial Solutions in the 4th quarter worth $34,000. 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 worth $34,000 after acquiring an additional 46 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd grew its position 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 worth $35,000 after purchasing an additional 117 shares during the last quarter. Institutional investors and hedge funds own 90.03% of the company's stock.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, President Christopher John Perry sold 7,036 shares of the business'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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Timothy C. Gokey sold 84,571 shares of the business'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 completion of the transaction, the chief executive officer directly owned 165,634 shares of the company's stock, valued at approximately $42,986,992.02. This represents a 33.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,532 shares of company stock valued at $38,417,208. Insiders own 1.30% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on BR shares. Needham & Company LLC raised their price target on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Morgan Stanley raised their price target on shares of Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. 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 research report on Friday, August 8th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $259.00 price target on shares of Broadridge Financial Solutions in a research report on Monday, May 19th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Broadridge Financial Solutions presently has an average rating of "Hold" and an average target price of $261.50.

Broadridge Financial Solutions Price Performance

NYSE:BR traded down $2.81 on Friday, reaching $252.01. The stock had a trading volume of 547,705 shares, compared to its average volume of 618,070. The company has a market capitalization of $29.52 billion, a P/E ratio of 35.54 and a beta of 0.96. Broadridge Financial Solutions, Inc. has a 1-year low of $207.21 and a 1-year high of $271.91. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.04. The stock has a fifty day moving average price of $251.65 and a 200-day moving average price of $242.06.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The business services provider reported $3.55 EPS for the quarter, beating analysts' consensus estimates of $3.51 by $0.04. The firm had revenue of $2.07 billion for 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 company's revenue for the quarter 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. Research analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a $0.975 dividend. This is a boost from Broadridge Financial Solutions's previous quarterly dividend of $0.88. This represents a $3.90 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, September 11th. Broadridge Financial Solutions's 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.