20,069 Shares in Broadridge Financial Solutions, Inc. (NYSE:BR) Acquired by BDF Gestion

BDF Gestion bought a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR) in the 2nd quarter, HoldingsChannel reports. The firm bought 20,069 shares of the business services provider’s stock, valued at approximately $3,954,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. DAVENPORT & Co LLC increased its position in Broadridge Financial Solutions by 17.0% during the fourth quarter. DAVENPORT & Co LLC now owns 1,374 shares of the business services provider’s stock worth $283,000 after purchasing an additional 200 shares during the last quarter. Prime Capital Investment Advisors LLC purchased a new stake in shares of Broadridge Financial Solutions during the 4th quarter valued at approximately $210,000. DekaBank Deutsche Girozentrale lifted its holdings in Broadridge Financial Solutions by 0.8% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 52,809 shares of the business services provider’s stock valued at $10,851,000 after acquiring an additional 429 shares during the last quarter. Meeder Advisory Services Inc. grew its position in Broadridge Financial Solutions by 59.4% in the fourth quarter. Meeder Advisory Services Inc. now owns 2,253 shares of the business services provider’s stock worth $464,000 after acquiring an additional 840 shares during the period. Finally, Moseley Investment Management Inc. acquired a new stake in Broadridge Financial Solutions during the fourth quarter worth $208,000. 90.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, VP Thomas P. Carey sold 2,500 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $200.40, for a total transaction of $501,000.00. Following the sale, the vice president now owns 9,361 shares of the company’s stock, valued at $1,875,944.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 2,500 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $200.40, for a total value of $501,000.00. Following the sale, the vice president now owns 9,361 shares of the company’s stock, valued at approximately $1,875,944.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert N. Duelks sold 3,473 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $198.06, for a total value of $687,862.38. Following the transaction, the director now directly owns 22,588 shares of the company’s stock, valued at $4,473,779.28. The disclosure for this sale can be found here. Insiders sold 6,646 shares of company stock valued at $1,334,230 in the last 90 days. Company insiders own 1.60% of the company’s stock.

Broadridge Financial Solutions Trading Down 0.7 %

BR traded down $1.56 during mid-day trading on Friday, hitting $214.48. 415,112 shares of the stock were exchanged, compared to its average volume of 513,552. The company has a market cap of $25.35 billion, a PE ratio of 36.83 and a beta of 1.04. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.55. The firm’s fifty day moving average is $203.43 and its two-hundred day moving average is $201.35. Broadridge Financial Solutions, Inc. has a 1-year low of $166.73 and a 1-year high of $223.81.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Tuesday, August 6th. The business services provider reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.49 by $0.01. Broadridge Financial Solutions had a net margin of 10.92% and a return on equity of 40.88%. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the prior year, the company earned $3.21 earnings per share. The business’s quarterly revenue was up 5.7% on a year-over-year basis. Equities analysts forecast that Broadridge Financial Solutions, Inc. will post 7.72 earnings per share 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 3rd. Shareholders of record on Thursday, September 12th will be issued a dividend of $0.88 per share. The ex-dividend date is Thursday, September 12th. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.80. This represents a $3.52 dividend on an annualized basis and a yield of 1.64%. Broadridge Financial Solutions’s dividend payout ratio is 54.61%.

Analysts Set New Price Targets

Several equities analysts have recently commented on BR shares. DA Davidson reaffirmed a “neutral” rating and issued a $185.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday, June 11th. Royal Bank of Canada upped their target price on shares of Broadridge Financial Solutions from $239.00 to $246.00 and gave the company an “outperform” rating in a research report on Wednesday. JPMorgan Chase & Co. increased their target price on shares of Broadridge Financial Solutions from $213.00 to $224.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, StockNews.com downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, July 20th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $213.17.

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.