Broadridge Financial Solutions, Inc. $BR Position Reduced by Compound Planning Inc.

Compound Planning Inc. trimmed its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 60.4% in the first quarter, HoldingsChannel.com reports. The firm owned 2,208 shares of the business services provider’s stock after selling 3,361 shares during the quarter. Compound Planning Inc.’s holdings in Broadridge Financial Solutions were worth $359,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership bought a new position in Broadridge Financial Solutions during the first quarter valued at about $1,197,000. Caxton Associates LLP bought a new stake in Broadridge Financial Solutions in the first quarter worth about $3,671,000. Inceptionr LLC bought a new stake in Broadridge Financial Solutions in the first quarter worth about $906,000. Gibbs Wealth Management lifted its holdings in Broadridge Financial Solutions by 17.2% in the 1st quarter. Gibbs Wealth Management now owns 2,811 shares of the business services provider’s stock valued at $457,000 after acquiring an additional 412 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in Broadridge Financial Solutions by 34.2% in the 1st quarter. Sei Investments Co. now owns 82,393 shares of the business services provider’s stock valued at $13,385,000 after acquiring an additional 20,982 shares during the last quarter. 90.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Needham & Company LLC lowered their price objective on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. DA Davidson cut their target price on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. UBS Group reduced their target price on shares of Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Royal Bank Of Canada restated an “outperform” rating and issued a $200.00 price target on shares of Broadridge Financial Solutions in a research report on Monday, June 22nd. Finally, Weiss Ratings cut Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $221.57.

Insider Buying and Selling

In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $155.00, for a total transaction of $304,730.00. Following the transaction, the insider directly owned 1 shares in the company, valued at approximately $155. The trade was a 99.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions Price Performance

NYSE BR opened at $154.87 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.97. Broadridge Financial Solutions, Inc. has a 1 year low of $133.83 and a 1 year high of $271.91. The company has a market cap of $17.91 billion, a PE ratio of 16.58 and a beta of 0.89. The stock’s 50-day moving average price is $146.73 and its two-hundred day moving average price is $164.94.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Thursday, April 30th. The business services provider reported $2.72 EPS for the quarter, topping the consensus estimate of $2.63 by $0.09. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Broadridge Financial Solutions had a net margin of 15.03% and a return on equity of 40.14%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the company posted $2.44 earnings per share. On average, analysts predict that Broadridge Financial Solutions, Inc. will post 9.55 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were given a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Friday, June 12th. Broadridge Financial Solutions’s dividend payout ratio is 41.76%.

About Broadridge Financial Solutions

Broadridge Financial Solutions is a global fintech company that provides technology-driven solutions and outsourcing services to the financial services industry. The firm’s core offerings center on investor communications, securities processing and post-trade services, and technology platforms that support capital markets and wealth management operations. Broadridge positions itself as a provider of mission-critical infrastructure that helps financial institutions manage regulatory requirements, investor engagement and operational complexity.

Products and services include proxy and shareholder communications, investor disclosure and digital communications, proxy voting and tabulation, clearing and settlement support, trade processing and reconciliation, and a range of software-as-a-service platforms for wealth and asset managers.