Zevenbergen Capital Investments LLC Has $5.60 Million Position in Broadridge Financial Solutions, Inc. $BR

Key Points

• Zevenbergen Capital Investments LLC reduced its stake in Broadridge Financial Solutions by 20%, owning 23,045 shares worth approximately $5.6 million.
• Broadridge reported a quarterly earnings per share (EPS) of $3.55, exceeding analysts' estimates and reflecting a 6.2% increase in quarterly revenue compared to the previous year.
• The company increased its quarterly dividend from $0.88 to $0.975, resulting in an annualized dividend of $3.90 and a yield of 1.5%.

Zevenbergen Capital Investments LLC reduced its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 20.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,045 shares of the business services provider's stock after selling 5,765 shares during the period. Zevenbergen Capital Investments LLC's holdings in Broadridge Financial Solutions were worth $5,601,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Broadridge Financial Solutions by 14.4% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 15,523 shares of the business services provider's stock valued at $3,772,000 after acquiring an additional 1,952 shares in the last quarter. Trust Co of the South purchased a new position in shares of Broadridge Financial Solutions during the 2nd quarter valued at $218,000. Central Pacific Bank Trust Division grew its holdings in shares of Broadridge Financial Solutions by 31.1% during the 2nd quarter. Central Pacific Bank Trust Division now owns 215 shares of the business services provider's stock valued at $52,000 after acquiring an additional 51 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of Broadridge Financial Solutions during the 1st quarter valued at $1,164,000. Finally, Swedbank AB grew its holdings in shares of Broadridge Financial Solutions by 6.3% during the 1st quarter. Swedbank AB now owns 26,915 shares of the business services provider's stock valued at $6,526,000 after acquiring an additional 1,604 shares in the last quarter. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Stock Down 1.1%

BR stock opened at $252.01 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.98 and a quick ratio of 0.98. Broadridge Financial Solutions, Inc. has a 52-week low of $207.21 and a 52-week high of $271.91. The company has a 50-day moving average of $251.65 and a two-hundred day moving average of $242.10. The stock has a market capitalization of $29.52 billion, a price-to-earnings ratio of 35.54 and a beta of 0.96.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.51 by $0.04. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. The company had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.06 billion. During the same period in the prior year, the company earned $3.50 earnings per share. The business's quarterly revenue was up 6.2% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. As a group, equities research analysts anticipate 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. Investors of record on Thursday, September 11th will be paid a $0.975 dividend. The ex-dividend date is Thursday, September 11th. This is a boost from Broadridge Financial Solutions's previous quarterly dividend of $0.88. This represents a $3.90 annualized dividend and a dividend yield of 1.5%. Broadridge Financial Solutions's dividend payout ratio is 55.01%.

Insider Activity

In related 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 completion of the sale, the president owned 48,813 shares in the company, valued at approximately $12,824,151.36. This trade represents a 12.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy C. Gokey sold 5,674 shares of the stock in a transaction dated 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 sale, the chief executive officer owned 143,285 shares of the company's stock, valued at approximately $37,020,545.45. The trade was a 3.81% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,532 shares of company stock valued at $38,417,208. 1.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

BR has been the topic of several research analyst reports. Morgan Stanley boosted their price target on shares of Broadridge Financial Solutions from $222.00 to $261.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. 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 research report on Wednesday, August 6th. 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. Finally, UBS Group raised their price objective on Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a "neutral" rating in a research note on Friday, August 8th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $261.50.

About Broadridge Financial Solutions

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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