EverSource Wealth Advisors LLC Purchases 71 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

EverSource Wealth Advisors LLC boosted its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 12.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 662 shares of the business services provider’s stock after acquiring an additional 71 shares during the period. EverSource Wealth Advisors LLC’s holdings in Broadridge Financial Solutions were worth $142,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BR. LifeSteps Financial Inc. bought a new stake in shares of Broadridge Financial Solutions during the first quarter worth $32,000. EdgeRock Capital LLC acquired a new position in Broadridge Financial Solutions in the 2nd quarter worth $32,000. Rothschild Investment LLC bought a new position in Broadridge Financial Solutions during the 2nd quarter worth about $32,000. New Covenant Trust Company N.A. acquired a new stake in shares of Broadridge Financial Solutions in the 1st quarter valued at about $34,000. Finally, Family Firm Inc. acquired a new stake in shares of Broadridge Financial Solutions in the 2nd quarter valued at about $37,000. 90.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Broadridge Financial Solutions news, VP Laura Matlin sold 673 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $216.00, for a total value of $145,368.00. Following the transaction, the vice president now directly owns 5,530 shares of the company’s stock, valued at approximately $1,194,480. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Broadridge Financial Solutions news, VP Laura Matlin sold 673 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $216.00, for a total transaction of $145,368.00. Following the transaction, the vice president now owns 5,530 shares in the company, valued at approximately $1,194,480. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Christopher John Perry sold 31,539 shares of Broadridge Financial Solutions stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $207.37, for a total value of $6,540,242.43. Following the sale, the president now directly owns 67,215 shares of the company’s stock, valued at approximately $13,938,374.55. The disclosure for this sale can be found here. In the last 90 days, insiders sold 134,386 shares of company stock valued at $28,112,824. Company insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on BR shares. JPMorgan Chase & Co. increased their price objective on Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Royal Bank of Canada lifted their price objective on shares of Broadridge Financial Solutions from $239.00 to $246.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. DA Davidson restated a “neutral” rating and set a $185.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, June 11th. Finally, StockNews.com upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $213.33.

Broadridge Financial Solutions Price Performance

NYSE:BR opened at $211.70 on Friday. The stock has a market capitalization of $24.71 billion, a PE ratio of 36.13 and a beta of 1.05. Broadridge Financial Solutions, Inc. has a 1-year low of $166.73 and a 1-year high of $223.81. The firm has a fifty day simple moving average of $210.67 and a 200 day simple moving average of $203.54. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.55.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Tuesday, August 6th. The business services provider reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.49 by $0.01. Broadridge Financial Solutions had a return on equity of 42.77% and a net margin of 10.73%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the company earned $3.21 earnings per share. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, research analysts expect that Broadridge Financial Solutions, Inc. will post 8.51 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Thursday, September 12th. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.80. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 60.07%.

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.