Boston Trust Walden Corp Sells 3,873 Shares of Broadridge Financial Solutions, Inc. $BR

Boston Trust Walden Corp lessened its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 12.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 27,660 shares of the business services provider’s stock after selling 3,873 shares during the period. Boston Trust Walden Corp’s holdings in Broadridge Financial Solutions were worth $4,456,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Kintegral Advisory LLC increased its holdings in shares of Broadridge Financial Solutions by 0.6% in the 3rd quarter. Kintegral Advisory LLC now owns 10,764 shares of the business services provider’s stock valued at $1,746,000 after acquiring an additional 60 shares during the period. North Dakota State Investment Board raised its holdings in Broadridge Financial Solutions by 1.9% in the third quarter. North Dakota State Investment Board now owns 3,532 shares of the business services provider’s stock worth $569,000 after purchasing an additional 67 shares in the last quarter. Abel Hall LLC raised its holdings in Broadridge Financial Solutions by 2.4% in the third quarter. Abel Hall LLC now owns 2,935 shares of the business services provider’s stock worth $473,000 after purchasing an additional 68 shares in the last quarter. Allworth Financial LP lifted its position in shares of Broadridge Financial Solutions by 2.9% during the second quarter. Allworth Financial LP now owns 2,662 shares of the business services provider’s stock valued at $365,000 after buying an additional 74 shares during the last quarter. Finally, Eastern Bank lifted its position in shares of Broadridge Financial Solutions by 2.8% during the third quarter. Eastern Bank now owns 2,693 shares of the business services provider’s stock valued at $434,000 after buying an additional 74 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors.

Broadridge Financial Solutions Stock Down 1.9%

BR stock opened at $190.22 on Friday. The firm has a 50 day moving average of $172.13 and a 200 day moving average of $165.85. The stock has a market capitalization of $21.48 billion, a PE ratio of 21.02 and a beta of 0.90. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.15. Broadridge Financial Solutions, Inc. has a 52 week low of $133.83 and a 52 week high of $233.10.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Tuesday, November 3rd. The business services provider reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.19. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the business posted $1.51 EPS. Broadridge Financial Solutions’s revenue for the quarter was up 5.0% compared to the same quarter last year. Sell-side analysts forecast that Broadridge Financial Solutions, Inc. will post 10.58 earnings per share for the current year.

Insider Activity at Broadridge Financial Solutions

In related news, VP Thomas Carey sold 2,501 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $159.76, for a total value of $399,559.76. Following the sale, the vice president owned 8,800 shares in the company, valued at $1,405,888. This represents a 22.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

BR has been the topic of a number of analyst reports. Morgan Stanley lifted their price objective on shares of Broadridge Financial Solutions from $176.00 to $181.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Royal Bank Of Canada raised their target price on shares of Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an “outperform” rating in a research note on Monday, August 31st. JPMorgan Chase & Co. raised their target price on shares of Broadridge Financial Solutions from $191.00 to $201.00 and gave the company a “neutral” rating in a research note on Wednesday. Weiss Ratings raised shares of Broadridge Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Finally, UBS Group reaffirmed a “neutral” rating and set a $180.00 price target on shares of Broadridge Financial Solutions in a research report on Monday, August 17th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Broadridge Financial Solutions currently has an average rating of “Moderate Buy” and an average price target of $212.71.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc (NYSE: BR) is a financial technology and business services company that provides communications, data, and technology solutions to financial institutions, public companies, and investors. Its services support the administration and communication of financial information across the investment lifecycle.

The company’s offerings include investor communications, proxy and corporate governance services, securities processing, trade and portfolio management, and technology platforms for wealth and investment management firms.