Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Bought by FORA Capital LLC

FORA Capital LLC raised its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,635 shares of the business services provider’s stock after buying an additional 66 shares during the period. FORA Capital LLC’s holdings in Broadridge Financial Solutions were worth $997,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of BR. Bogart Wealth LLC lifted its position in shares of Broadridge Financial Solutions by 384.0% during the 3rd quarter. Bogart Wealth LLC now owns 121 shares of the business services provider’s stock valued at $26,000 after buying an additional 96 shares in the last quarter. EdgeRock Capital LLC purchased a new position in Broadridge Financial Solutions during the second quarter valued at $32,000. Rothschild Investment LLC acquired a new stake in shares of Broadridge Financial Solutions in the second quarter valued at about $32,000. Family Firm Inc. purchased a new stake in shares of Broadridge Financial Solutions during the second quarter worth about $37,000. Finally, Hazlett Burt & Watson Inc. acquired a new position in shares of Broadridge Financial Solutions during the 3rd quarter worth about $38,000. Institutional investors and hedge funds own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Down 0.3 %

NYSE BR opened at $235.80 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.63. Broadridge Financial Solutions, Inc. has a 52 week low of $186.19 and a 52 week high of $237.74. The business’s fifty day simple moving average is $218.97 and its 200-day simple moving average is $210.02. The firm has a market cap of $27.56 billion, a PE ratio of 40.80 and a beta of 1.05.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Tuesday, November 5th. The business services provider reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.03. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. Broadridge Financial Solutions had a net margin of 10.57% and a return on equity of 41.79%. Broadridge Financial Solutions’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business posted $1.09 EPS. As a group, equities analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be given a $0.88 dividend. The ex-dividend date is Friday, December 13th. This represents a $3.52 dividend on an annualized basis and a yield of 1.49%. Broadridge Financial Solutions’s dividend payout ratio is currently 60.90%.

Insider Activity

In related news, President Christopher John Perry sold 17,534 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $213.41, for a total transaction of $3,741,930.94. Following the completion of the transaction, the president now directly owns 50,237 shares in the company, valued at $10,721,078.17. This trade represents a 25.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Richard J. Daly sold 21,938 shares of Broadridge Financial Solutions stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $207.66, for a total value of $4,555,645.08. Following the completion of the transaction, the chairman now directly owns 105,094 shares of the company’s stock, valued at approximately $21,823,820.04. This represents a 17.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,294 shares of company stock valued at $16,944,095 in the last quarter. Insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BR. JPMorgan Chase & Co. lifted their price objective on Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $246.00 price target on shares of Broadridge Financial Solutions in a research note on Wednesday, November 6th. StockNews.com downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 9th. Morgan Stanley lifted their target price on shares of Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th. Finally, UBS Group initiated coverage on shares of Broadridge Financial Solutions in a research report on Thursday, November 21st. They issued a “neutral” rating and a $250.00 target price for the company. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Broadridge Financial Solutions has a consensus rating of “Hold” and a consensus target price of $222.43.

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.