Broadridge Financial Solutions, Inc. $BR Shares Bought by Vident Advisory LLC

Key Points

• Vident Advisory LLC increased its stake in Broadridge Financial Solutions by 57.4% during the first quarter, holding 5,034 shares valued at approximately $1.22 million.
• Broadridge Financial Solutions declared a quarterly dividend of $0.975 per share, up from the previous $0.88, representing an annual yield of 1.6%.
• The company reported earnings of $3.55 per share for the last quarter, exceeding analysts' estimates and showing a 6.2% increase in revenue year-over-year.

Vident Advisory LLC raised its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 57.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,034 shares of the business services provider's stock after buying an additional 1,835 shares during the quarter. Vident Advisory LLC's holdings in Broadridge Financial Solutions were worth $1,221,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BR. Golden State Wealth Management LLC acquired a new stake in shares of Broadridge Financial Solutions during the 1st quarter worth $29,000. Whipplewood Advisors LLC increased its position in shares of Broadridge Financial Solutions by 2,620.0% during the 1st quarter. Whipplewood Advisors LLC now owns 136 shares of the business services provider's stock valued at $33,000 after purchasing an additional 131 shares during the last quarter. Minot DeBlois Advisors LLC bought a new stake in shares of Broadridge Financial Solutions during the 4th quarter valued at $34,000. Continuum Advisory LLC increased its stake 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 last quarter. Finally, Clal Insurance Enterprises Holdings Ltd boosted its holdings in Broadridge Financial Solutions by 450.0% during 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 during the period. Institutional investors and hedge funds own 90.03% of the company's stock.

Broadridge Financial Solutions Stock Performance

Broadridge Financial Solutions stock traded up $1.89 during midday trading on Monday, reaching $252.91. 284,142 shares of the stock traded hands, compared to its average volume of 593,503. The firm has a fifty day moving average price of $250.59 and a two-hundred day moving average price of $241.56. The firm has a market cap of $29.62 billion, a price-to-earnings ratio of 35.68 and a beta of 0.96. Broadridge Financial Solutions, Inc. has a fifty-two week low of $207.21 and a fifty-two week high of $271.91. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.04.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its earnings results on Tuesday, August 5th. The business services provider reported $3.55 EPS 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 the consensus estimate of $2.06 billion. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. The business's revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.50 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. On average, equities 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. Shareholders of record on Thursday, September 11th will be paid a $0.975 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This is an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.88. This represents a $3.90 dividend on an annualized basis and a yield of 1.5%. Broadridge Financial Solutions's payout ratio is presently 49.65%.

Insiders Place Their Bets

In other news, President Christopher John Perry sold 7,036 shares of the 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 of the company's stock, valued at $12,824,151.36. This represents a 12.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy C. Gokey sold 5,674 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $258.37, for a total transaction of $1,465,991.38. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 147,532 shares of company stock worth $38,417,208. 1.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BR. Morgan Stanley raised their price target 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 increased 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. UBS Group lifted 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, Royal Bank Of Canada reiterated an "outperform" rating and issued a $259.00 target price on shares of Broadridge Financial Solutions in a report on Monday, May 19th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Broadridge Financial Solutions currently has a consensus rating of "Hold" and a consensus target price of $261.50.

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.