Metis Global Partners LLC Lowers Position in Broadridge Financial Solutions, Inc. $BR

Metis Global Partners LLC decreased its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 18.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 8,147 shares of the business services provider’s stock after selling 1,854 shares during the period. Metis Global Partners LLC’s holdings in Broadridge Financial Solutions were worth $1,980,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. D.A. Davidson & CO. purchased a new stake in Broadridge Financial Solutions during the first quarter worth $217,000. Nordea Investment Management AB raised its position in shares of Broadridge Financial Solutions by 40.8% in the 2nd quarter. Nordea Investment Management AB now owns 220,314 shares of the business services provider’s stock worth $52,900,000 after acquiring an additional 63,798 shares in the last quarter. Triangle Securities Wealth Management purchased a new stake in shares of Broadridge Financial Solutions during the 2nd quarter worth $784,000. Abacus FCF Advisors LLC bought a new stake in Broadridge Financial Solutions during the second quarter valued at about $12,865,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in Broadridge Financial Solutions by 14.4% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 15,523 shares of the business services provider’s stock valued at $3,772,000 after purchasing an additional 1,952 shares in the last quarter. Institutional investors own 90.03% of the company’s stock.

Insider Buying and Selling

In other Broadridge Financial Solutions news, President Christopher John Perry sold 7,036 shares of Broadridge Financial Solutions stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $262.72, for a total transaction of $1,848,497.92. Following the completion of the sale, the president directly owned 48,813 shares in the company, valued at approximately $12,824,151.36. The trade was a 12.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Timothy C. Gokey sold 5,674 shares of the company’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $258.37, for a total transaction of $1,465,991.38. Following the completion of the sale, the chief executive officer directly owned 143,285 shares in the company, valued at $37,020,545.45. This trade represents a 3.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 147,532 shares of company stock worth $38,417,208. 1.10% of the stock is owned by insiders.

Broadridge Financial Solutions Price Performance

Shares of BR opened at $221.83 on Monday. The firm has a market capitalization of $25.89 billion, a PE ratio of 28.40 and a beta of 0.96. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.93 and a quick ratio of 0.93. Broadridge Financial Solutions, Inc. has a 1-year low of $212.33 and a 1-year high of $271.91. The company’s fifty day moving average price is $236.59 and its 200-day moving average price is $241.81.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Thursday, March 3rd. The business services provider reported $0.73 earnings per share (EPS) for the quarter. The company had revenue of $1.05 billion during the quarter. Broadridge Financial Solutions had a return on equity of 43.28% and a net margin of 13.11%. On average, equities research analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Morgan Stanley reduced their target price on shares of Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. UBS Group boosted their price objective on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a “neutral” rating in a research note on Friday, August 8th. Needham & Company LLC raised their target price on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Wall Street Zen raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Broadridge Financial Solutions in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $264.83.

About Broadridge Financial Solutions

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.