Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Sold by Everpar Advisors LLC

Everpar Advisors LLC lessened its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 8.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 2,055 shares of the business services provider’s stock after selling 179 shares during the period. Everpar Advisors LLC’s holdings in Broadridge Financial Solutions were worth $442,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BR. Confluence Investment Management LLC purchased a new position in Broadridge Financial Solutions in the 1st quarter worth about $144,033,000. Vanguard Group Inc. raised its holdings in shares of Broadridge Financial Solutions by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 13,951,669 shares of the business services provider’s stock valued at $2,870,556,000 after acquiring an additional 110,886 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Broadridge Financial Solutions by 22.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 472,031 shares of the business services provider’s stock valued at $97,120,000 after acquiring an additional 86,853 shares in the last quarter. Earnest Partners LLC boosted its stake in Broadridge Financial Solutions by 25.9% in the 1st quarter. Earnest Partners LLC now owns 364,195 shares of the business services provider’s stock worth $74,609,000 after purchasing an additional 75,006 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Broadridge Financial Solutions by 8.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 941,125 shares of the business services provider’s stock worth $185,417,000 after purchasing an additional 72,018 shares in the last quarter. 90.03% of the stock is owned by institutional investors.

Insider Transactions at Broadridge Financial Solutions

In related news, CEO Timothy C. Gokey sold 25,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $209.11, for a total value of $5,227,750.00. Following the sale, the chief executive officer now owns 200,675 shares of the company’s stock, valued at $41,963,149.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, President Christopher John Perry sold 162 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $210.00, for a total value of $34,020.00. Following the completion of the sale, the president now owns 67,267 shares in the company, valued at $14,126,070. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Timothy C. Gokey sold 25,000 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $209.11, for a total transaction of $5,227,750.00. Following the completion of the transaction, the chief executive officer now directly owns 200,675 shares in the company, valued at approximately $41,963,149.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 134,386 shares of company stock worth $28,112,824. Insiders own 1.60% of the company’s stock.

Broadridge Financial Solutions Stock Down 0.1 %

Broadridge Financial Solutions stock opened at $215.18 on Tuesday. Broadridge Financial Solutions, Inc. has a twelve month low of $166.73 and a twelve month high of $223.81. The stock has a market cap of $25.43 billion, a P/E ratio of 36.72 and a beta of 1.05. The company’s 50-day moving average price is $211.75 and its two-hundred day moving average price is $204.15. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.55.

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, topping the consensus estimate of $3.49 by $0.01. The company had revenue of $1.94 billion for 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%. Broadridge Financial Solutions’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $3.21 EPS. As a group, analysts expect that Broadridge Financial Solutions, Inc. will post 8.51 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.64%. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Thursday, September 12th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 60.07%.

Analyst Ratings Changes

Several analysts have recently commented on the company. JPMorgan Chase & Co. raised their target price on Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. StockNews.com upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th. Royal Bank of Canada upped their target price on Broadridge Financial Solutions from $239.00 to $246.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, DA Davidson restated a “neutral” rating and set a $185.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, June 11th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Broadridge Financial Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target 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.