SG Americas Securities LLC grew its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 47.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,896 shares of the business services provider’s stock after purchasing an additional 16,442 shares during the quarter. SG Americas Securities LLC’s holdings in Broadridge Financial Solutions were worth $6,333,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Harvest Group Wealth Management LLC increased its holdings in shares of Broadridge Financial Solutions by 183.3% during the 2nd quarter. Harvest Group Wealth Management LLC now owns 221 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 143 shares in the last quarter. Marquette Asset Management LLC purchased a new stake in Broadridge Financial Solutions in the 3rd quarter worth $37,000. CSat Investment Advisory L.P. increased its holdings in Broadridge Financial Solutions by 35.9% in the 2nd quarter. CSat Investment Advisory L.P. now owns 348 shares of the business services provider’s stock worth $45,000 after acquiring an additional 92 shares in the last quarter. Bridger Capital Management LLC purchased a new stake in Broadridge Financial Solutions in the 3rd quarter worth $52,000. Finally, HM Payson & Co. purchased a new stake in Broadridge Financial Solutions in the 2nd quarter worth $57,000. 88.23% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on the stock. Raymond James lowered shares of Broadridge Financial Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 31st. SunTrust Banks boosted their price target on shares of Broadridge Financial Solutions from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Finally, ValuEngine lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Broadridge Financial Solutions presently has a consensus rating of “Hold” and a consensus price target of $129.20.
In other Broadridge Financial Solutions news, VP Julie R. Taylor sold 14,456 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $130.00, for a total value of $1,879,280.00. Following the transaction, the vice president now owns 26,050 shares of the company’s stock, valued at $3,386,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Douglas Richard Deschutter sold 17,500 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $130.37, for a total transaction of $2,281,475.00. The disclosure for this sale can be found here. Insiders sold 317,133 shares of company stock worth $39,829,477 in the last ninety days. 2.20% of the stock is currently owned by corporate insiders.
Shares of BR stock traded down $0.90 on Friday, hitting $119.58. 447,871 shares of the stock traded hands, compared to its average volume of 770,699. The firm’s 50-day moving average price is $123.80 and its two-hundred day moving average price is $126.01. Broadridge Financial Solutions, Inc. has a twelve month low of $91.34 and a twelve month high of $136.99. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a market capitalization of $14.12 billion, a PE ratio of 25.66 and a beta of 0.69.
Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Wednesday, November 6th. The business services provider reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.04). Broadridge Financial Solutions had a net margin of 11.05% and a return on equity of 46.61%. The company had revenue of $949.00 million during the quarter, compared to analyst estimates of $979.61 million. During the same period in the previous year, the company earned $0.79 EPS. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. On average, equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 5.12 EPS for the current fiscal year.
Broadridge Financial Solutions Profile
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.
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