Xponance Inc. Reduces Stock Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Xponance Inc. lessened its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 3.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 24,584 shares of the business services provider’s stock after selling 887 shares during the quarter. Xponance Inc.’s holdings in Broadridge Financial Solutions were worth $5,058,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Procyon Advisors LLC grew its stake in shares of Broadridge Financial Solutions by 2.3% during the fourth quarter. Procyon Advisors LLC now owns 2,319 shares of the business services provider’s stock valued at $477,000 after buying an additional 52 shares during the last quarter. Optas LLC boosted its holdings in Broadridge Financial Solutions by 3.8% during the 4th quarter. Optas LLC now owns 1,565 shares of the business services provider’s stock valued at $322,000 after acquiring an additional 57 shares during the period. Teamwork Financial Advisors LLC grew its position in Broadridge Financial Solutions by 1.6% in the 4th quarter. Teamwork Financial Advisors LLC now owns 4,090 shares of the business services provider’s stock valued at $841,000 after acquiring an additional 63 shares during the last quarter. Tributary Capital Management LLC increased its stake in Broadridge Financial Solutions by 1.6% in the fourth quarter. Tributary Capital Management LLC now owns 4,372 shares of the business services provider’s stock worth $900,000 after purchasing an additional 68 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of Broadridge Financial Solutions by 0.6% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 11,633 shares of the business services provider’s stock worth $2,083,000 after purchasing an additional 69 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 12,731 shares of Broadridge Financial Solutions stock in a transaction 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 transaction, the vice president now directly owns 13,303 shares of the company’s stock, valued at $2,674,169.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Douglas Richard Deschutter sold 22,722 shares of the 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 completion of the transaction, the insider now directly owns 44,680 shares of the company’s stock, valued at approximately $8,891,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas P. Carey sold 12,731 shares of Broadridge Financial Solutions stock in a transaction that occurred on Wednesday, February 28th. The stock was 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 of the company’s stock, valued at $2,674,169.06. The disclosure for this sale can be found here. Insiders sold a total of 48,483 shares of company stock worth $9,745,637 in the last 90 days. 1.60% of the stock is owned by corporate insiders.

Broadridge Financial Solutions Stock Up 0.2 %

Broadridge Financial Solutions stock opened at $193.38 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.77. The firm has a market cap of $22.77 billion, a P/E ratio of 33.69 and a beta of 0.99. The business has a fifty day moving average of $200.73 and a two-hundred day moving average of $194.13. Broadridge Financial Solutions, Inc. has a twelve month low of $139.52 and a twelve month high of $210.24.

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

Broadridge Financial Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Thursday, March 14th. Broadridge Financial Solutions’s payout ratio is currently 55.75%.

Analyst Ratings Changes

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

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.