Moody Aldrich Partners LLC Sells 410 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Moody Aldrich Partners LLC lessened its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 19.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,652 shares of the business services provider’s stock after selling 410 shares during the quarter. Moody Aldrich Partners LLC’s holdings in Broadridge Financial Solutions were worth $374,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Bogart Wealth LLC raised its holdings in shares of Broadridge Financial Solutions by 384.0% during the third quarter. Bogart Wealth LLC now owns 121 shares of the business services provider’s stock worth $26,000 after acquiring an additional 96 shares during the period. True Wealth Design LLC boosted its position in shares of Broadridge Financial Solutions by 2,028.6% during the third quarter. True Wealth Design LLC now owns 149 shares of the business services provider’s stock worth $32,000 after buying an additional 142 shares during the period. Fortitude Family Office LLC grew its holdings in shares of Broadridge Financial Solutions by 246.7% during the fourth quarter. Fortitude Family Office LLC now owns 156 shares of the business services provider’s stock worth $35,000 after buying an additional 111 shares in the last quarter. Hazlett Burt & Watson Inc. acquired a new stake in Broadridge Financial Solutions in the 3rd quarter valued at approximately $38,000. Finally, FSA Wealth Management LLC bought a new stake in Broadridge Financial Solutions in the 3rd quarter valued at approximately $39,000. Institutional investors and hedge funds own 90.03% of the company’s stock.

Insider Activity

In related news, Director Maura A. Markus sold 3,880 shares of Broadridge Financial Solutions stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $227.02, for a total transaction of $880,837.60. Following the completion of the sale, the director now directly owns 27,788 shares of the company’s stock, valued at approximately $6,308,431.76. This trade represents a 12.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Thomas P. Carey sold 10,757 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $226.82, for a total value of $2,439,902.74. Following the completion of the transaction, the vice president now directly owns 12,689 shares in the company, valued at approximately $2,878,118.98. This represents a 45.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 54,532 shares of company stock valued at $12,264,846 over the last ninety days. 1.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on BR. Royal Bank of Canada reiterated an “outperform” rating and issued a $246.00 price objective on shares of Broadridge Financial Solutions in a report on Wednesday, November 6th. Wolfe Research reiterated a “peer perform” rating on shares of Broadridge Financial Solutions in a research note on Thursday, December 12th. StockNews.com downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 9th. UBS Group assumed coverage on Broadridge Financial Solutions in a research report on Thursday, November 21st. They issued a “neutral” rating and a $250.00 target price on the stock. Finally, Morgan Stanley increased their price target on Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $226.71.

Broadridge Financial Solutions Trading Down 0.9 %

Broadridge Financial Solutions stock opened at $235.74 on Thursday. The stock has a 50-day simple moving average of $230.87 and a 200 day simple moving average of $219.82. The stock has a market capitalization of $27.56 billion, a P/E ratio of 40.79 and a beta of 1.08. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.39 and a current ratio of 1.39. Broadridge Financial Solutions, Inc. has a 52 week low of $188.30 and a 52 week high of $241.45.

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

Broadridge Financial Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Friday, December 13th. Broadridge Financial Solutions’s payout ratio is presently 60.90%.

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.