Patton Fund Management Inc. Has $4.06 Million Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

Patton Fund Management Inc. lessened its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 13.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,941 shares of the business services provider’s stock after selling 2,726 shares during the period. Patton Fund Management Inc.’s holdings in Broadridge Financial Solutions were worth $4,056,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BR. Nilsine Partners LLC lifted its holdings in Broadridge Financial Solutions by 18.0% in the fourth quarter. Nilsine Partners LLC now owns 1,247 shares of the business services provider’s stock valued at $282,000 after buying an additional 190 shares during the period. Foundations Investment Advisors LLC raised its position in shares of Broadridge Financial Solutions by 3.5% in the 4th quarter. Foundations Investment Advisors LLC now owns 1,528 shares of the business services provider’s stock worth $345,000 after acquiring an additional 52 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at about $2,328,000. Blue Trust Inc. boosted its position in shares of Broadridge Financial Solutions by 25.2% during the 4th quarter. Blue Trust Inc. now owns 2,188 shares of the business services provider’s stock valued at $471,000 after purchasing an additional 441 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in Broadridge Financial Solutions by 6.1% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,980 shares of the business services provider’s stock worth $448,000 after purchasing an additional 113 shares during the period. Institutional investors and hedge funds own 90.03% of the company’s stock.

Broadridge Financial Solutions Price Performance

BR stock opened at $237.92 on Wednesday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.39 and a current ratio of 1.39. The business has a 50-day simple moving average of $230.66 and a two-hundred day simple moving average of $219.71. The company has a market capitalization of $27.81 billion, a P/E ratio of 41.16 and a beta of 1.08. 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 announced its quarterly earnings results on Tuesday, November 5th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.03. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the company posted $1.09 earnings per share. Broadridge Financial Solutions’s revenue was down .6% compared to the same quarter last year. Research analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.48%. The ex-dividend date was Friday, December 13th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 60.90%.

Analyst Ratings Changes

A number of equities analysts have issued reports on BR shares. StockNews.com cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, November 9th. Morgan Stanley increased 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. DA Davidson restated a “neutral” rating and issued a $215.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. Royal Bank of Canada reiterated an “outperform” rating and set a $246.00 price objective on shares of Broadridge Financial Solutions in a report on Wednesday, November 6th. Finally, Wolfe Research restated a “peer perform” rating on shares of Broadridge Financial Solutions in a research note on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $226.71.

Insiders Place Their Bets

In related news, Director Maura A. Markus sold 3,880 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $227.02, for a total value of $880,837.60. Following the transaction, the director now directly owns 27,788 shares of the company’s stock, valued at approximately $6,308,431.76. The trade was a 12.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas P. Carey sold 15,710 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $230.32, for a total transaction of $3,618,327.20. Following the sale, the vice president now owns 12,146 shares of the company’s stock, valued at $2,797,466.72. This trade represents a 56.40 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,532 shares of company stock valued at $12,264,846. Corporate insiders own 1.30% of the company’s stock.

About Broadridge Financial Solutions

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.