Yousif Capital Management LLC Lowers Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Yousif Capital Management LLC lessened its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 4.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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.

Several other institutional investors have also added to or reduced their stakes in BR. Stifel Financial Corp raised its holdings in shares of Broadridge Financial Solutions by 1,700.7% during the third quarter. Stifel Financial Corp now owns 1,542,507 shares of the business services provider’s stock valued at $276,194,000 after purchasing an additional 1,456,847 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Broadridge Financial Solutions by 124.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 687,830 shares of the business services provider’s stock valued at $123,156,000 after buying an additional 381,882 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Broadridge Financial Solutions in the 4th quarter worth $227,750,000. Assenagon Asset Management S.A. grew its holdings in shares of Broadridge Financial Solutions by 1,865.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 93,363 shares of the business services provider’s stock worth $19,209,000 after acquiring an additional 88,613 shares during the period. Finally, HighTower Advisors LLC increased its position in Broadridge Financial Solutions by 307.8% during the third quarter. HighTower Advisors LLC now owns 110,691 shares of the business services provider’s stock valued at $19,833,000 after acquiring an additional 83,546 shares during the last quarter. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Evercore ISI restated an “outperform” rating and set a $230.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday, March 26th. Royal Bank of Canada increased their price target on shares of Broadridge Financial Solutions from $212.00 to $239.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. StockNews.com downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Friday. Raymond James lifted their target price on Broadridge Financial Solutions from $205.00 to $214.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, DA Davidson restated 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $206.67.

Insider Activity

In other Broadridge Financial Solutions news, Director Robert N. Duelks sold 830 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $201.58, for a total value of $167,311.40. Following the sale, the director now owns 5,445 shares of the company’s stock, valued at approximately $1,097,603.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Robert N. Duelks sold 830 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $201.58, for a total value of $167,311.40. Following the sale, the director now directly owns 5,445 shares in the company, valued at approximately $1,097,603.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Douglas Richard Deschutter sold 22,722 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly owns 44,680 shares of the company’s stock, valued at approximately $8,891,320. The disclosure for this sale can be found here. Insiders sold a total of 48,483 shares of company stock worth $9,745,637 over the last 90 days. Corporate insiders own 1.60% of the company’s stock.

Broadridge Financial Solutions Stock Performance

NYSE BR opened at $194.15 on Monday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.77. Broadridge Financial Solutions, Inc. has a twelve month low of $140.06 and a twelve month high of $210.24. The business has a 50-day moving average price of $200.54 and a 200-day moving average price of $194.72. The firm has a market cap of $22.87 billion, a price-to-earnings ratio of 33.82 and a beta of 0.99.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Thursday, February 1st. The business services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the company posted $0.91 EPS. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, equities research analysts predict that Broadridge Financial Solutions, Inc. will post 7.72 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

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

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.