Somerville Kurt F Sells 250 Shares of Broadridge Financial Solutions, Inc. $BR

Somerville Kurt F cut its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 19.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,006 shares of the business services provider’s stock after selling 250 shares during the period. Somerville Kurt F’s holdings in Broadridge Financial Solutions were worth $244,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Partners LLC lifted its holdings in Broadridge Financial Solutions by 360.0% during the 2nd quarter. ORG Partners LLC now owns 115 shares of the business services provider’s stock worth $28,000 after purchasing an additional 90 shares during the last quarter. Golden State Wealth Management LLC bought a new position in Broadridge Financial Solutions during the 1st quarter worth $29,000. Continuum Advisory LLC lifted its holdings in shares of Broadridge Financial Solutions by 48.4% during the first quarter. Continuum Advisory LLC now owns 141 shares of the business services provider’s stock worth $34,000 after buying an additional 46 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Broadridge Financial Solutions by 450.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 143 shares of the business services provider’s stock worth $35,000 after buying an additional 117 shares in the last quarter. Finally, Olde Wealth Management LLC bought a new stake in shares of Broadridge Financial Solutions in the first quarter valued at about $36,000. Institutional investors and hedge funds own 90.03% of the company’s stock.

Insider Activity

In related news, CEO Timothy C. Gokey sold 5,674 shares of the company’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 directly owned 143,285 shares in the company, valued at $37,020,545.45. This represents a 3.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Christopher John Perry sold 7,036 shares of the 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 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 position. The disclosure for this sale can be found here. Insiders sold 147,532 shares of company stock worth $38,417,208 over the last ninety days. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. 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. Needham & Company LLC increased their target price 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Broadridge Financial Solutions in a report on Saturday, September 27th. UBS Group boosted their price target 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. Finally, Wall Street Zen raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Saturday. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $261.50.

Broadridge Financial Solutions Stock Performance

Shares of Broadridge Financial Solutions stock opened at $236.71 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.04. The company has a market cap of $27.63 billion, a PE ratio of 33.39 and a beta of 0.95. The company has a 50 day moving average of $250.76 and a 200-day moving average of $242.62. Broadridge Financial Solutions, Inc. has a 1-year low of $208.20 and a 1-year high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Tuesday, August 5th. The business services provider reported $3.55 EPS for the quarter, beating the consensus estimate 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 business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the previous year, the business earned $3.50 earnings per share. The company’s revenue was up 6.2% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. As a group, equities research analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were given 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 1.6%. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.88. Broadridge Financial Solutions’s dividend payout ratio is currently 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.