Nisa Investment Advisors LLC Buys 362 Shares of Broadridge Financial Solutions, Inc. $BR

Nisa Investment Advisors LLC boosted its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 0.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,211 shares of the business services provider’s stock after acquiring an additional 362 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Broadridge Financial Solutions were worth $10,540,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. ORG Partners LLC lifted its position in Broadridge Financial Solutions by 360.0% in the 2nd quarter. ORG Partners LLC now owns 115 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 90 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in Broadridge Financial Solutions in the 1st quarter valued at $29,000. Caitong International Asset Management Co. Ltd lifted its position in Broadridge Financial Solutions by 85.1% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 124 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 57 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its position in Broadridge Financial Solutions by 450.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 143 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 117 shares in the last quarter. Finally, Olde Wealth Management LLC bought a new stake in Broadridge Financial Solutions in the 1st quarter valued at $36,000. 90.03% of the stock is owned by institutional investors.

Insider Transactions at Broadridge Financial Solutions

In related news, President Christopher John Perry sold 7,036 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $262.72, for a total value of $1,848,497.92. Following the transaction, the president owned 48,813 shares in the company, valued at approximately $12,824,151.36. This represents a 12.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy C. Gokey sold 84,571 shares of the company’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $259.53, for a total transaction of $21,948,711.63. Following the completion of the transaction, the chief executive officer owned 165,634 shares in the company, valued at approximately $42,986,992.02. This trade represents a 33.80% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,532 shares of company stock worth $38,417,208. 1.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on BR shares. Wall Street Zen cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reissued a “buy (b)” rating on shares of Broadridge Financial Solutions in a research report on Wednesday, October 8th. Morgan Stanley boosted their price target on shares of Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 6th. Needham & Company LLC boosted their price target on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Finally, UBS Group boosted their price target on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a “neutral” rating in a research report on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Broadridge Financial Solutions has a consensus rating of “Hold” and an average target price of $261.50.

Broadridge Financial Solutions Stock Down 0.2%

Broadridge Financial Solutions stock opened at $231.89 on Tuesday. The firm has a market capitalization of $27.07 billion, a PE ratio of 32.71 and a beta of 0.95. The company’s 50-day moving average is $243.39 and its 200-day moving average is $242.54. Broadridge Financial Solutions, Inc. has a fifty-two week low of $208.20 and a fifty-two week high of $271.91. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.98 and a quick ratio of 0.98.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Thursday, March 3rd. The business services provider reported $0.73 earnings per share for the quarter. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. The company had revenue of $1.05 billion for the quarter. Sell-side analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were paid a $0.975 dividend. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.88. The ex-dividend date was Thursday, September 11th. This represents a $3.90 dividend on an annualized basis and a yield of 1.7%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 55.01%.

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.