Profund Advisors LLC boosted its position in Broadridge Financial Solutions Inc. (NYSE:BR) by 17.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,661 shares of the company’s stock after buying an additional 2,494 shares during the period. Profund Advisors LLC’s holdings in Broadridge Financial Solutions were worth $1,129,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the company. Janus Capital Management LLC increased its stake in Broadridge Financial Solutions by 4.7% in the second quarter. Janus Capital Management LLC now owns 7,114,116 shares of the company’s stock valued at $463,840,000 after buying an additional 318,483 shares during the period. BlackRock Fund Advisors boosted its position in shares of Broadridge Financial Solutions by 3.8% in the third quarter. BlackRock Fund Advisors now owns 5,710,381 shares of the company’s stock worth $387,107,000 after buying an additional 207,437 shares in the last quarter. State Street Corp boosted its position in shares of Broadridge Financial Solutions by 17.8% in the second quarter. State Street Corp now owns 4,019,705 shares of the company’s stock worth $262,087,000 after buying an additional 606,293 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Broadridge Financial Solutions by 6.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,019,235 shares of the company’s stock worth $262,054,000 after buying an additional 254,481 shares in the last quarter. Finally, Atlanta Capital Management Co. L L C boosted its position in shares of Broadridge Financial Solutions by 13.5% in the second quarter. Atlanta Capital Management Co. L L C now owns 2,623,214 shares of the company’s stock worth $171,034,000 after buying an additional 311,002 shares in the last quarter. 83.38% of the stock is owned by institutional investors and hedge funds.
Broadridge Financial Solutions Inc. (NYSE:BR) traded down 0.56% on Thursday, reaching $65.74. 238,499 shares of the company traded hands. The stock’s 50 day moving average price is $65.66 and its 200 day moving average price is $66.62. The company has a market capitalization of $7.83 billion, a PE ratio of 25.98 and a beta of 1.08. Broadridge Financial Solutions Inc. has a one year low of $49.77 and a one year high of $71.74.
Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Wednesday, November 9th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.02. The business earned $895 million during the quarter, compared to the consensus estimate of $880.41 million. Broadridge Financial Solutions had a return on equity of 34.10% and a net margin of 9.62%. The firm’s revenue was up 50.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.33 earnings per share. On average, equities research analysts predict that Broadridge Financial Solutions Inc. will post $3.12 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 4th. Investors of record on Wednesday, December 14th were paid a $0.33 dividend. The ex-dividend date was Monday, December 12th. This represents a $1.32 annualized dividend and a dividend yield of 2.01%. Broadridge Financial Solutions’s payout ratio is 52.17%.
A number of brokerages have recently issued reports on BR. Zacks Investment Research upgraded shares of Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, January 10th. Sandler O’Neill cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating and set a $74.00 price objective for the company. in a report on Thursday, September 29th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $72.60.
In related news, Director Leslie A. Brun sold 7,925 shares of the stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $62.66, for a total transaction of $496,580.50. Following the sale, the director now directly owns 30,622 shares of the company’s stock, valued at approximately $1,918,774.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alan J. Weber sold 3,770 shares of the stock in a transaction dated Tuesday, November 29th. The shares were sold at an average price of $66.32, for a total transaction of $250,026.40. Following the sale, the director now directly owns 32,668 shares in the company, valued at $2,166,541.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,045 shares of company stock valued at $1,811,648. 3.50% of the stock is owned by company insiders.
About Broadridge Financial Solutions
Broadridge Financial Solutions, Inc (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company’s segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment.
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