Broadridge Financial Solutions, Inc. (NYSE:BR) Stock Position Cut by Nilsine Partners LLC

Nilsine Partners LLC decreased its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 5.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,058 shares of the business services provider’s stock after selling 59 shares during the period. Nilsine Partners LLC’s holdings in Broadridge Financial Solutions were worth $208,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BR. New England Research & Management Inc. bought a new stake in Broadridge Financial Solutions during the first quarter worth approximately $1,465,000. Bank of Nova Scotia lifted its holdings in shares of Broadridge Financial Solutions by 642.3% in the fourth quarter. Bank of Nova Scotia now owns 81,202 shares of the business services provider’s stock valued at $16,707,000 after buying an additional 70,263 shares during the period. UBS Group AG boosted its stake in Broadridge Financial Solutions by 8.2% during the fourth quarter. UBS Group AG now owns 186,444 shares of the business services provider’s stock valued at $38,361,000 after buying an additional 14,147 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Broadridge Financial Solutions by 108.7% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 83,923 shares of the business services provider’s stock valued at $17,192,000 after buying an additional 43,710 shares in the last quarter. Finally, Tidal Investments LLC raised its position in Broadridge Financial Solutions by 99.6% in the first quarter. Tidal Investments LLC now owns 17,707 shares of the business services provider’s stock worth $3,627,000 after acquiring an additional 8,837 shares in the last quarter. 90.03% of the stock is currently owned by institutional investors.

Broadridge Financial Solutions Trading Up 0.4 %

Shares of NYSE:BR traded up $0.76 during mid-day trading on Friday, hitting $212.86. The stock had a trading volume of 646,289 shares, compared to its average volume of 670,824. The company’s 50 day moving average is $207.35 and its 200-day moving average is $202.23. Broadridge Financial Solutions, Inc. has a 12-month low of $166.73 and a 12-month high of $223.81. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $24.84 billion, a PE ratio of 36.32 and a beta of 1.04.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Tuesday, August 6th. The business services provider reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.49 by $0.01. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.96 billion. Broadridge Financial Solutions had a return on equity of 42.77% and a net margin of 10.73%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.21 earnings per share. On average, sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 8.51 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Thursday, September 12th. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.80. Broadridge Financial Solutions’s dividend payout ratio is currently 54.61%.

Insiders Place Their Bets

In other news, Director Leslie A. Brun sold 5,739 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $210.05, for a total transaction of $1,205,476.95. Following the transaction, the director now directly owns 77,318 shares in the company, valued at approximately $16,240,645.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Leslie A. Brun sold 5,739 shares of Broadridge Financial Solutions stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $210.05, for a total transaction of $1,205,476.95. Following the completion of the sale, the director now directly owns 77,318 shares in the company, valued at approximately $16,240,645.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Timothy C. Gokey sold 25,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $209.31, for a total value of $5,232,750.00. Following the completion of the transaction, the chief executive officer now owns 206,349 shares in the company, valued at approximately $43,190,909.19. The disclosure for this sale can be found here. Insiders sold a total of 98,387 shares of company stock worth $20,503,110 in the last quarter. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. DA Davidson restated a “neutral” rating and set a $185.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, June 11th. Royal Bank of Canada raised their target price on shares of Broadridge Financial Solutions from $239.00 to $246.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. StockNews.com upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. increased their price objective on Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Broadridge Financial Solutions currently has an average rating of “Moderate Buy” and an average target price of $213.33.

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.