1,670 Shares in Broadridge Financial Solutions, Inc. (NYSE:BR) Bought by NEOS Investment Management LLC

NEOS Investment Management LLC bought a new position in Broadridge Financial Solutions, Inc. (NYSE:BRFree Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,670 shares of the business services provider’s stock, valued at approximately $344,000.

Several other hedge funds also recently bought and sold shares of the company. Headinvest LLC bought a new position in shares of Broadridge Financial Solutions during the 3rd quarter valued at about $32,000. Stuart Chaussee & Associates Inc. purchased a new stake in shares of Broadridge Financial Solutions during the 4th quarter valued at about $34,000. Manchester Capital Management LLC raised its position in shares of Broadridge Financial Solutions by 57.1% during the 4th quarter. Manchester Capital Management LLC now owns 165 shares of the business services provider’s stock valued at $34,000 after buying an additional 60 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of Broadridge Financial Solutions during the 3rd quarter valued at about $37,000. Finally, BKM Wealth Management LLC purchased a new stake in shares of Broadridge Financial Solutions during the 4th quarter valued at about $37,000. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Performance

Shares of NYSE:BR opened at $197.99 on Thursday. The firm has a market cap of $23.40 billion, a PE ratio of 33.79 and a beta of 1.03. The firm’s 50 day simple moving average is $198.77 and its 200-day simple moving average is $198.99. Broadridge Financial Solutions, Inc. has a one year low of $152.47 and a one year high of $210.24. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.39 and a current ratio of 1.39.

Broadridge Financial Solutions (NYSE:BRGet Free Report) last issued its earnings results on Wednesday, May 8th. The business services provider reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.01). The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Broadridge Financial Solutions had a return on equity of 40.88% and a net margin of 10.92%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business posted $2.05 earnings per share. As a group, equities analysts predict that Broadridge Financial Solutions, Inc. will post 7.72 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Friday, June 14th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 54.61%.

Insider Transactions at Broadridge Financial Solutions

In other news, VP Thomas P. Carey sold 2,500 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $200.40, for a total transaction of $501,000.00. Following the transaction, the vice president now directly owns 9,361 shares in the company, valued at $1,875,944.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Evercore ISI restated an “outperform” rating and set a $230.00 target price on shares of Broadridge Financial Solutions in a research report on Tuesday, March 26th. DA Davidson reissued a “neutral” rating and issued a $185.00 price objective on shares of Broadridge Financial Solutions in a research report on Wednesday, April 10th. Finally, StockNews.com lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, May 12th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Broadridge Financial Solutions currently has a consensus rating of “Hold” and a consensus price target of $206.67.

Read Our Latest Research Report on Broadridge Financial Solutions

Broadridge Financial Solutions Company Profile

(Free Report)

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.

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

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