BDF Gestion Decreases Holdings in Broadridge Financial Solutions, Inc. $BR

BDF Gestion cut its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 17.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,257 shares of the business services provider’s stock after selling 2,758 shares during the quarter. BDF Gestion’s holdings in Broadridge Financial Solutions were worth $3,157,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Clarus Group Inc. raised its holdings in shares of Broadridge Financial Solutions by 1.5% during the 2nd quarter. Clarus Group Inc. now owns 2,951 shares of the business services provider’s stock valued at $717,000 after buying an additional 44 shares during the period. Harbour Investments Inc. lifted its position in shares of Broadridge Financial Solutions by 10.1% during the second quarter. Harbour Investments Inc. now owns 489 shares of the business services provider’s stock worth $119,000 after purchasing an additional 45 shares in the last quarter. Cresset Asset Management LLC boosted its stake in shares of Broadridge Financial Solutions by 1.8% in the first quarter. Cresset Asset Management LLC now owns 2,820 shares of the business services provider’s stock valued at $686,000 after purchasing an additional 49 shares during the period. Smartleaf Asset Management LLC grew its holdings in Broadridge Financial Solutions by 7.0% during the 1st quarter. Smartleaf Asset Management LLC now owns 747 shares of the business services provider’s stock valued at $177,000 after purchasing an additional 49 shares in the last quarter. Finally, PAX Financial Group LLC increased its stake in Broadridge Financial Solutions by 5.6% during the 2nd quarter. PAX Financial Group LLC now owns 926 shares of the business services provider’s stock worth $225,000 after buying an additional 49 shares during the period. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BR. UBS Group cut their price objective on shares of Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating on the stock in a report on Thursday, November 13th. Morgan Stanley reduced their price target on Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. DA Davidson restated a “neutral” rating and set a $240.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, October 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Broadridge Financial Solutions in a research report on Monday. Finally, Wall Street Zen raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Broadridge Financial Solutions presently has a consensus rating of “Hold” and a consensus price target of $259.83.

Broadridge Financial Solutions Trading Down 0.3%

Broadridge Financial Solutions stock opened at $225.93 on Friday. Broadridge Financial Solutions, Inc. has a 1 year low of $212.33 and a 1 year high of $271.91. The firm’s 50-day moving average is $227.12 and its 200-day moving average is $239.49. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $26.37 billion, a P/E ratio of 28.93 and a beta of 0.99.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Thursday, March 3rd. The business services provider reported $0.73 earnings per share for the quarter. Broadridge Financial Solutions had a net margin of 13.11% and a return on equity of 43.28%. The firm had revenue of $1.05 billion for the quarter. On average, equities analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be given a dividend of $0.975 per share. The ex-dividend date is Friday, December 12th. This represents a $3.90 dividend on an annualized basis and a yield of 1.7%. Broadridge Financial Solutions’s payout ratio is currently 49.94%.

Insiders Place Their Bets

In other news, VP Thomas P. Carey sold 10,214 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $229.26, for a total transaction of $2,341,661.64. Following the completion of the transaction, the vice president owned 6,026 shares in the company, valued at approximately $1,381,520.76. This represents a 62.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Christopher John Perry sold 3,984 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $226.00, for a total transaction of $900,384.00. Following the completion of the sale, the president directly owned 44,829 shares in the company, valued at approximately $10,131,354. This trade represents a 8.16% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is owned by corporate insiders.

Broadridge Financial Solutions Profile

Broadridge Financial Solutions is a global fintech company that provides technology-driven solutions and outsourcing services to the financial services industry. The firm’s core offerings center on investor communications, securities processing and post-trade services, and technology platforms that support capital markets and wealth management operations. Broadridge positions itself as a provider of mission-critical infrastructure that helps financial institutions manage regulatory requirements, investor engagement and operational complexity.

Products and services include proxy and shareholder communications, investor disclosure and digital communications, proxy voting and tabulation, clearing and settlement support, trade processing and reconciliation, and a range of software-as-a-service platforms for wealth and asset managers.