Broadridge Financial Solutions, Inc. (NYSE:BR) Holdings Trimmed by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC lowered its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,139 shares of the business services provider’s stock after selling 1,273 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Broadridge Financial Solutions were worth $10,110,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of BR. OFI Invest Asset Management purchased a new stake in shares of Broadridge Financial Solutions during the third quarter valued at $25,000. Headinvest LLC purchased a new stake in Broadridge Financial Solutions in the 3rd quarter worth about $32,000. First Command Advisory Services Inc. purchased a new stake in Broadridge Financial Solutions in the 3rd quarter worth about $34,000. Truvestments Capital LLC purchased a new stake in Broadridge Financial Solutions in the 3rd quarter worth about $37,000. Finally, BKM Wealth Management LLC purchased a new stake in Broadridge Financial Solutions in the 4th quarter worth about $37,000. 90.03% of the stock is owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Stock Performance

Shares of BR traded up $0.40 on Thursday, reaching $195.48. 257,488 shares of the stock traded hands, compared to its average volume of 504,285. The firm has a market cap of $23.02 billion, a price-to-earnings ratio of 34.06 and a beta of 0.99. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.40 and a quick ratio of 1.40. Broadridge Financial Solutions, Inc. has a 12 month low of $139.52 and a 12 month high of $210.24. The stock’s 50-day moving average price is $200.68 and its 200-day moving average price is $194.45.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Thursday, February 1st. The business services provider reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Broadridge Financial Solutions had a return on equity of 41.12% and a net margin of 10.82%. Broadridge Financial Solutions’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.91 earnings per share. Equities analysts forecast that Broadridge Financial Solutions, Inc. will post 7.72 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.64%. The ex-dividend date was Thursday, March 14th. Broadridge Financial Solutions’s dividend payout ratio is 55.75%.

Analyst Upgrades and Downgrades

BR has been the subject of a number of recent research reports. DA Davidson reaffirmed a “neutral” rating and set a $185.00 price target on shares of Broadridge Financial Solutions in a research note on Wednesday, April 10th. Raymond James raised their price target on Broadridge Financial Solutions from $205.00 to $214.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Evercore ISI reissued an “outperform” rating and set a $230.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, March 26th. StockNews.com raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Finally, Royal Bank of Canada increased their price objective on Broadridge Financial Solutions from $212.00 to $239.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $206.67.

Insider Activity at Broadridge Financial Solutions

In related news, insider Douglas Richard Deschutter sold 22,722 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $199.00, for a total value of $4,521,678.00. Following the sale, the insider now owns 44,680 shares of the company’s stock, valued at approximately $8,891,320. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Douglas Richard Deschutter sold 22,722 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $199.00, for a total value of $4,521,678.00. Following the sale, the insider now owns 44,680 shares of the company’s stock, valued at approximately $8,891,320. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Thomas P. Carey sold 12,731 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $201.02, for a total value of $2,559,185.62. Following the completion of the transaction, the vice president now directly owns 13,303 shares in the company, valued at approximately $2,674,169.06. The disclosure for this sale can be found here. Insiders have sold a total of 48,483 shares of company stock valued at $9,745,637 in the last 90 days. 1.60% of the stock is owned by corporate insiders.

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.