Motley Fool Asset Management LLC Sells 1,273 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Motley Fool Asset Management LLC decreased its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 2.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 49,139 shares of the business services provider’s stock after selling 1,273 shares during the period. Motley Fool Asset Management LLC’s holdings in Broadridge Financial Solutions were worth $10,110,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. OFI Invest Asset Management acquired a new position in shares of Broadridge Financial Solutions in the 3rd quarter valued at $25,000. Headinvest LLC acquired a new position in Broadridge Financial Solutions in the 3rd quarter worth $32,000. First Command Advisory Services Inc. acquired a new position in Broadridge Financial Solutions in the 3rd quarter worth $34,000. Truvestments Capital LLC acquired a new position in Broadridge Financial Solutions in the 3rd quarter worth $37,000. Finally, BKM Wealth Management LLC acquired a new position in Broadridge Financial Solutions in the 4th quarter worth $37,000. Institutional investors own 90.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on BR shares. StockNews.com raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. DA Davidson reaffirmed a “neutral” rating and issued a $185.00 target price on shares of Broadridge Financial Solutions in a report on Wednesday, April 10th. Royal Bank of Canada upped their target price on shares of Broadridge Financial Solutions from $212.00 to $239.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Raymond James upped their target price on shares of Broadridge Financial Solutions from $205.00 to $214.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $230.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, March 26th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $206.67.

Insider Buying and Selling

In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 12,731 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $201.02, for a total value of $2,559,185.62. Following the sale, the vice president now owns 13,303 shares in the company, valued at $2,674,169.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 22,722 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $199.00, for a total value of $4,521,678.00. Following the sale, the insider now owns 44,680 shares in the company, valued at $8,891,320. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas P. Carey sold 12,731 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $201.02, for a total transaction of $2,559,185.62. Following the completion of the sale, the vice president now owns 13,303 shares in the company, valued at approximately $2,674,169.06. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,483 shares of company stock worth $9,745,637. Corporate insiders own 1.60% of the company’s stock.

Broadridge Financial Solutions Price Performance

Shares of NYSE BR traded up $0.40 during trading hours on Thursday, hitting $195.48. 257,488 shares of the stock were exchanged, compared to its average volume of 504,285. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market cap of $23.02 billion, a PE ratio of 34.06 and a beta of 0.99. The company’s fifty day simple moving average is $200.68 and its two-hundred day simple moving average is $194.45. Broadridge Financial Solutions, Inc. has a 1-year low of $139.52 and a 1-year high of $210.24.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Thursday, February 1st. The business services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.40 billion. Broadridge Financial Solutions had a net margin of 10.82% and a return on equity of 41.12%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the business posted $0.91 EPS. On average, sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 7.72 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.20 annualized dividend and a dividend yield of 1.64%. Broadridge Financial Solutions’s dividend payout ratio is 55.75%.

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.