Broadridge Financial Solutions, Inc. $BR Shares Sold by Machina Capital S.A.S.

Machina Capital S.A.S. lowered its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 12.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 18,540 shares of the business services provider’s stock after selling 2,681 shares during the period. Machina Capital S.A.S.’s holdings in Broadridge Financial Solutions were worth $2,987,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Moneco Advisors LLC grew its holdings in Broadridge Financial Solutions by 7.8% during the 3rd quarter. Moneco Advisors LLC now owns 2,405 shares of the business services provider’s stock valued at $387,000 after buying an additional 174 shares in the last quarter. Lido Advisors LLC raised its position in shares of Broadridge Financial Solutions by 126.4% during the third quarter. Lido Advisors LLC now owns 13,444 shares of the business services provider’s stock valued at $2,167,000 after buying an additional 7,506 shares during the last quarter. Gen Wealth Partners Inc raised its position in shares of Broadridge Financial Solutions by 42.4% during the third quarter. Gen Wealth Partners Inc now owns 6,937 shares of the business services provider’s stock valued at $1,118,000 after buying an additional 2,065 shares during the last quarter. AlphaCore Capital LLC lifted its holdings in shares of Broadridge Financial Solutions by 124.2% in the third quarter. AlphaCore Capital LLC now owns 4,855 shares of the business services provider’s stock worth $785,000 after buying an additional 2,690 shares in the last quarter. Finally, Running Oak Capital LLC lifted its holdings in shares of Broadridge Financial Solutions by 4.5% in the third quarter. Running Oak Capital LLC now owns 69,439 shares of the business services provider’s stock worth $11,214,000 after buying an additional 3,013 shares in the last quarter. Institutional investors own 90.03% of the company’s stock.

Insiders Place Their Bets

In related news, VP Thomas Carey sold 2,501 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $159.76, for a total value of $399,559.76. Following the sale, the vice president owned 8,800 shares in the company, valued at approximately $1,405,888. The trade was a 22.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 1.00% of the company’s stock.

Broadridge Financial Solutions Stock Performance

NYSE BR opened at $192.79 on Thursday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 1.21. Broadridge Financial Solutions, Inc. has a 1-year low of $133.83 and a 1-year high of $233.10. The business has a 50 day simple moving average of $172.76 and a two-hundred day simple moving average of $165.62. The stock has a market capitalization of $21.81 billion, a PE ratio of 21.30 and a beta of 0.90.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data on Tuesday, November 3rd. The business services provider reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.19. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Broadridge Financial Solutions had a return on equity of 40.32% and a net margin of 13.94%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.51 EPS. On average, research analysts predict that Broadridge Financial Solutions, Inc. will post 10.58 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 11th. Investors of record on Thursday, December 10th will be given a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 2.3%. The ex-dividend date is Thursday, December 10th. Broadridge Financial Solutions’s payout ratio is currently 48.18%.

Wall Street Analyst Weigh In

BR has been the subject of a number of research reports. Royal Bank Of Canada upped their target price on shares of Broadridge Financial Solutions from $225.00 to $226.00 and gave the stock an “outperform” rating in a research report on Monday, August 31st. Weiss Ratings upgraded shares of Broadridge Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. DA Davidson reiterated a “buy” rating and issued a $214.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, October 27th. Morgan Stanley boosted their price target on shares of Broadridge Financial Solutions from $176.00 to $181.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 4th. Finally, UBS Group reissued a “neutral” rating and set a $180.00 price objective on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $212.71.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions provides technology and operations services to financial institutions, public companies, and investors. Its platforms support investor communications, corporate governance, and the processing of financial transactions. The company’s services include preparing and distributing proxy materials and other shareholder communications, supporting shareholder voting, and providing solutions for trading, clearing, settlement, and asset servicing. Broadridge also offers technology for wealth and investment management, including portfolio and account management, data, and regulatory reporting.