Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Purchased by Optas LLC

Optas LLC grew its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 9.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,651 shares of the business services provider’s stock after buying an additional 136 shares during the quarter. Optas LLC’s holdings in Broadridge Financial Solutions were worth $400,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Whipplewood Advisors LLC increased its holdings in Broadridge Financial Solutions by 2,620.0% in the 1st quarter. Whipplewood Advisors LLC now owns 136 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 131 shares in the last quarter. Minot DeBlois Advisors LLC acquired a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at about $34,000. Gen Wealth Partners Inc acquired a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at about $36,000. Curio Wealth LLC purchased a new stake in shares of Broadridge Financial Solutions during the 4th quarter valued at about $45,000. Finally, Promus Capital LLC acquired a new position in Broadridge Financial Solutions during the 4th quarter worth approximately $52,000. Institutional investors and hedge funds own 90.03% of the company’s stock.

Insider Buying and Selling

In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 5,056 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $239.55, for a total value of $1,211,164.80. Following the sale, the insider now directly owns 21,167 shares of the company’s stock, valued at $5,070,554.85. This trade represents a 19.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Pamela L. Carter sold 4,829 shares of the firm’s stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $242.23, for a total value of $1,169,728.67. Following the completion of the sale, the director now owns 7,242 shares in the company, valued at $1,754,229.66. The trade was a 40.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,116 shares of company stock worth $4,352,298 over the last quarter. 1.30% of the stock is owned by company insiders.

Broadridge Financial Solutions Price Performance

Shares of BR opened at $236.94 on Monday. Broadridge Financial Solutions, Inc. has a 52 week low of $193.85 and a 52 week high of $247.01. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.64. The firm has a market cap of $27.83 billion, a price-to-earnings ratio of 37.08 and a beta of 0.96. The stock has a 50 day moving average of $237.39 and a 200-day moving average of $235.04.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Thursday, May 1st. The business services provider reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.03. Broadridge Financial Solutions had a net margin of 11.36% and a return on equity of 44.40%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the company posted $2.23 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. As a group, analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Thursday, June 12th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, June 12th. Broadridge Financial Solutions’s dividend payout ratio is presently 52.93%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BR shares. Needham & Company LLC began coverage on Broadridge Financial Solutions in a research note on Tuesday, May 6th. They set a “buy” rating and a $300.00 target price for the company. Wall Street Zen raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $259.00 price target on shares of Broadridge Financial Solutions in a research note on Monday, May 19th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Broadridge Financial Solutions currently has an average rating of “Hold” and a consensus target price of $250.83.

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.