Decatur Capital Management Inc. Acquires New Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

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Decatur Capital Management Inc. acquired a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 30,726 shares of the business services provider’s stock, valued at approximately $3,823,000.

A number of other large investors have also recently modified their holdings of BR. Lazard Asset Management LLC lifted its position in Broadridge Financial Solutions by 27.1% during the first quarter. Lazard Asset Management LLC now owns 270,119 shares of the business services provider’s stock valued at $28,008,000 after purchasing an additional 57,524 shares during the last quarter. Westpac Banking Corp lifted its position in Broadridge Financial Solutions by 5.8% during the first quarter. Westpac Banking Corp now owns 68,668 shares of the business services provider’s stock valued at $7,120,000 after purchasing an additional 3,766 shares during the last quarter. Oribel Capital Management LP bought a new stake in Broadridge Financial Solutions during the first quarter valued at approximately $14,101,000. Hilton Capital Management LLC lifted its position in Broadridge Financial Solutions by 46.3% during the first quarter. Hilton Capital Management LLC now owns 187,710 shares of the business services provider’s stock valued at $19,464,000 after purchasing an additional 59,366 shares during the last quarter. Finally, Fort L.P. lifted its position in Broadridge Financial Solutions by 41.1% during the first quarter. Fort L.P. now owns 20,227 shares of the business services provider’s stock valued at $2,097,000 after purchasing an additional 5,896 shares during the last quarter. 88.33% of the stock is owned by institutional investors.

Shares of BR traded up $2.81 during mid-day trading on Friday, reaching $125.35. The company’s stock had a trading volume of 172,525 shares, compared to its average volume of 596,071. The stock has a market cap of $13.69 billion, a PE ratio of 26.90, a P/E/G ratio of 2.34 and a beta of 0.70. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.30. Broadridge Financial Solutions, Inc. has a 52 week low of $91.34 and a 52 week high of $136.99. The company’s fifty day moving average price is $126.33 and its two-hundred day moving average price is $123.68.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $1.72 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.72. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.22 billion. Broadridge Financial Solutions had a net margin of 11.05% and a return on equity of 46.61%. The business’s quarterly revenue was down 8.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.86 EPS. Research analysts anticipate that Broadridge Financial Solutions, Inc. will post 5.12 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.72%. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.49. The ex-dividend date was Thursday, September 12th. Broadridge Financial Solutions’s payout ratio is presently 46.35%.

In related news, Chairman Richard J. Daly sold 86,386 shares of Broadridge Financial Solutions stock in a transaction on Friday, September 20th. The shares were sold at an average price of $127.23, for a total value of $10,990,890.78. Following the transaction, the chairman now directly owns 312,006 shares of the company’s stock, valued at $39,696,523.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Thomas P. Carey sold 2,258 shares of Broadridge Financial Solutions stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $128.69, for a total transaction of $290,582.02. Following the completion of the transaction, the vice president now directly owns 1,990 shares in the company, valued at $256,093.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 317,133 shares of company stock valued at $39,829,477. Company insiders own 2.20% of the company’s stock.

Several brokerages have issued reports on BR. SunTrust Banks lifted their target price on shares of Broadridge Financial Solutions from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Raymond James lowered shares of Broadridge Financial Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 31st. Finally, ValuEngine lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Broadridge Financial Solutions presently has an average rating of “Hold” and an average target price of $129.20.

Broadridge Financial Solutions Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry worldwide. 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 offers ProxyEdge, an electronic proxy delivery and voting solution.

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Institutional Ownership by Quarter for Broadridge Financial Solutions (NYSE:BR)

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