Jacobi Capital Management LLC Purchases 123 Shares of Broadridge Financial Solutions, Inc. $BR

Jacobi Capital Management LLC boosted its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 4.6% during the first quarter, Holdings Channel reports. The fund owned 2,776 shares of the business services provider’s stock after acquiring an additional 123 shares during the period. Jacobi Capital Management LLC’s holdings in Broadridge Financial Solutions were worth $673,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Continuum Advisory LLC increased its stake in Broadridge Financial Solutions by 48.4% in the first quarter. Continuum Advisory LLC now owns 141 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 46 shares during the last quarter. Norden Group LLC boosted its position in Broadridge Financial Solutions by 2.6% during the first quarter. Norden Group LLC now owns 1,852 shares of the business services provider’s stock valued at $449,000 after buying an additional 47 shares during the period. Crew Capital Management Ltd. boosted its position in Broadridge Financial Solutions by 2.4% during the first quarter. Crew Capital Management Ltd. now owns 2,020 shares of the business services provider’s stock valued at $490,000 after buying an additional 48 shares during the period. Cresset Asset Management LLC boosted its position in Broadridge Financial Solutions by 1.8% during the first quarter. Cresset Asset Management LLC now owns 2,820 shares of the business services provider’s stock valued at $686,000 after buying an additional 49 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in Broadridge Financial Solutions by 7.0% during the first quarter. Smartleaf Asset Management LLC now owns 747 shares of the business services provider’s stock valued at $177,000 after buying an additional 49 shares during the period. Institutional investors own 90.03% of the company’s stock.

Insider Buying and Selling

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey sold 84,571 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The shares were 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 owned 165,634 shares of the company’s stock, valued at approximately $42,986,992.02. This trade represents a 33.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Christopher John Perry sold 7,036 shares of the firm’s 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 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 position. The disclosure for this sale can be found here. Insiders have sold 147,532 shares of company stock valued at $38,417,208 in the last ninety days. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Morgan Stanley upped 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 research report on Wednesday, August 6th. UBS Group upped their price target on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a “neutral” rating in a research report on Friday, August 8th. 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 report on Wednesday, August 6th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $259.00 target price on shares of Broadridge Financial Solutions in a report on Monday, May 19th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Broadridge Financial Solutions currently has an average rating of “Hold” and an average target price of $261.50.

Broadridge Financial Solutions Stock Performance

Shares of BR 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 one year low of $207.21 and a one year high of $271.91. The company has a 50-day simple moving average of $251.65 and a two-hundred day simple moving average of $242.06. The firm has a market capitalization of $29.52 billion, a PE ratio of 35.54 and a beta of 0.96.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data on Tuesday, August 5th. The business services provider reported $3.55 EPS for the quarter, topping 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 analyst estimates of $2.06 billion. During the same period last year, the business posted $3.50 earnings per share. Broadridge Financial Solutions’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. On average, analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The firm 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 dividend of $0.975 per share. This is a positive change 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 55.01%.

Broadridge Financial Solutions Company 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.