Atria Investments LLC Acquires 1,297 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Atria Investments LLC lifted its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BRGet Rating) by 11.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,553 shares of the business services provider’s stock after acquiring an additional 1,297 shares during the quarter. Atria Investments LLC’s holdings in Broadridge Financial Solutions were worth $1,955,000 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. Front Row Advisors LLC bought a new stake in shares of Broadridge Financial Solutions during the fourth quarter worth $29,000. Riverview Trust Co bought a new stake in shares of Broadridge Financial Solutions during the first quarter worth $29,000. Sageworth Trust Co of South Dakota bought a new stake in shares of Broadridge Financial Solutions during the fourth quarter worth $30,000. First Command Bank bought a new stake in shares of Broadridge Financial Solutions during the first quarter worth $30,000. Finally, Oakworth Capital Inc. increased its holdings in Broadridge Financial Solutions by 105.0% in the first quarter. Oakworth Capital Inc. now owns 205 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 105 shares during the last quarter. Institutional investors own 87.01% of the company’s stock.

Broadridge Financial Solutions Trading Up 0.2 %

NYSE BR opened at $156.19 on Monday. The stock has a 50-day simple moving average of $143.63 and a 200 day simple moving average of $148.40. The company has a market capitalization of $18.31 billion, a PE ratio of 33.52 and a beta of 0.92. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 2.29. Broadridge Financial Solutions, Inc. has a 12 month low of $132.40 and a 12 month high of $185.40.

Broadridge Financial Solutions (NYSE:BRGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The business services provider reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.16. Broadridge Financial Solutions had a return on equity of 39.83% and a net margin of 9.99%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the company posted $1.76 earnings per share. The firm’s revenue was up 10.4% on a year-over-year basis. Research analysts forecast that Broadridge Financial Solutions, Inc. will post 6.49 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 6th. Shareholders of record on Wednesday, June 15th were paid a $0.64 dividend. The ex-dividend date was Tuesday, June 14th. This represents a $2.56 dividend on an annualized basis and a yield of 1.64%. Broadridge Financial Solutions’s payout ratio is 54.94%.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Broadridge Financial Solutions in a report on Thursday, March 31st. They issued a “hold” rating for the company.

About Broadridge Financial Solutions

(Get Rating)

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry worldwide. 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 offers ProxyEdge, an electronic proxy delivery and voting solution.

Further Reading

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Institutional Ownership by Quarter for Broadridge Financial Solutions (NYSE:BR)

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