Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 4.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 16,090 shares of the business services provider’s stock after selling 736 shares during the period. Yousif Capital Management LLC’s holdings in Broadridge Financial Solutions were worth $3,311,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. OFI Invest Asset Management acquired a new position in shares of Broadridge Financial Solutions during the 3rd quarter worth about $25,000. Headinvest LLC acquired a new position in Broadridge Financial Solutions in the third quarter valued at approximately $32,000. First Command Advisory Services Inc. purchased a new position in Broadridge Financial Solutions in the third quarter valued at approximately $34,000. Truvestments Capital LLC acquired a new stake in Broadridge Financial Solutions during the third quarter worth approximately $37,000. Finally, BKM Wealth Management LLC acquired a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at $37,000. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 22,722 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $199.00, for a total transaction of $4,521,678.00. Following the sale, the insider now directly owns 44,680 shares in the company, valued at approximately $8,891,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Thomas P. Carey sold 12,731 shares of Broadridge Financial Solutions stock in a transaction 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 transaction, the vice president now directly owns 13,303 shares of the company’s stock, valued at $2,674,169.06. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Douglas Richard Deschutter sold 22,722 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was 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 disclosure for this sale can be found here. In the last three months, insiders sold 48,483 shares of company stock valued at $9,745,637. Corporate insiders own 1.60% of the company’s stock.

Broadridge Financial Solutions Price Performance

Shares of NYSE BR opened at $194.15 on Monday. The stock has a fifty day moving average price of $200.54 and a 200 day moving average price of $194.72. Broadridge Financial Solutions, Inc. has a 1-year low of $140.06 and a 1-year high of $210.24. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market cap of $22.87 billion, a PE ratio of 33.82 and a beta of 0.99.

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

Broadridge Financial Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Thursday, March 14th. Broadridge Financial Solutions’s payout ratio is 55.75%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Evercore ISI restated an “outperform” rating and issued a $230.00 price objective on shares of Broadridge Financial Solutions in a research note on Tuesday, March 26th. Royal Bank of Canada lifted their price target on Broadridge Financial Solutions from $212.00 to $239.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Raymond James boosted their price objective on Broadridge Financial Solutions from $205.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. StockNews.com lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Friday. Finally, DA Davidson reiterated a “neutral” rating and issued a $185.00 price target on shares of Broadridge Financial Solutions in a research report on Wednesday, April 10th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Broadridge Financial Solutions currently has an average rating of “Hold” and a consensus target price of $206.67.

Broadridge Financial Solutions 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.