Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Acquired by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC lifted its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 11.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,112 shares of the business services provider’s stock after buying an additional 809 shares during the period. Transcend Capital Advisors LLC’s holdings in Broadridge Financial Solutions were worth $1,669,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Stuart Chaussee & Associates Inc. purchased a new position in shares of Broadridge Financial Solutions during the fourth quarter worth $34,000. Citizens Financial Group Inc. RI raised its holdings in shares of Broadridge Financial Solutions by 3.6% during the fourth quarter. Citizens Financial Group Inc. RI now owns 2,343 shares of the business services provider’s stock worth $482,000 after purchasing an additional 81 shares during the last quarter. Golden State Equity Partners raised its holdings in shares of Broadridge Financial Solutions by 30.5% during the fourth quarter. Golden State Equity Partners now owns 2,356 shares of the business services provider’s stock worth $485,000 after purchasing an additional 551 shares during the last quarter. Bahl & Gaynor Inc. raised its holdings in shares of Broadridge Financial Solutions by 1.3% during the fourth quarter. Bahl & Gaynor Inc. now owns 1,082,210 shares of the business services provider’s stock worth $222,665,000 after purchasing an additional 14,005 shares during the last quarter. Finally, Bryn Mawr Capital Management LLC raised its holdings in shares of Broadridge Financial Solutions by 2.5% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 20,063 shares of the business services provider’s stock worth $4,128,000 after purchasing an additional 490 shares during the last quarter. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Price Performance

Shares of BR stock traded down $1.41 on Friday, reaching $194.15. 211,848 shares of the company were exchanged, compared to its average volume of 369,147. The company has a market cap of $22.87 billion, a price-to-earnings ratio of 33.82 and a beta of 0.99. The business has a 50-day moving average price of $200.54 and a 200 day moving average price of $194.55. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.40 and a current ratio of 1.40. Broadridge Financial Solutions, Inc. has a 1 year low of $140.06 and a 1 year high of $210.24.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Thursday, February 1st. The business services provider reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Broadridge Financial Solutions had a net margin of 10.82% and a return on equity of 41.12%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.91 earnings per share. Equities research analysts forecast that Broadridge Financial Solutions, Inc. will post 7.72 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a dividend of $0.80 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.20 dividend on an annualized basis and a yield of 1.65%. Broadridge Financial Solutions’s payout ratio is presently 55.75%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on BR shares. DA Davidson reissued a “neutral” rating and set a $185.00 target price on shares of Broadridge Financial Solutions in a report on Wednesday, April 10th. StockNews.com cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Friday. Evercore ISI reaffirmed an “outperform” rating and issued a $230.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, March 26th. Royal Bank of Canada lifted their price objective on shares of Broadridge Financial Solutions from $212.00 to $239.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, Raymond James lifted their price objective on shares of Broadridge Financial Solutions from $205.00 to $214.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $206.67.

Insider Buying and Selling

In related news, insider Douglas Richard Deschutter sold 12,200 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $204.71, for a total transaction of $2,497,462.00. Following the transaction, the insider now directly owns 32,480 shares in the company, valued at $6,648,980.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 12,731 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $201.02, for a total value of $2,559,185.62. Following the transaction, the vice president now directly owns 13,303 shares in the company, valued at approximately $2,674,169.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Douglas Richard Deschutter sold 12,200 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $204.71, for a total transaction of $2,497,462.00. Following the completion of the transaction, the insider now owns 32,480 shares in the company, valued at $6,648,980.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,483 shares of company stock worth $9,745,637. 1.60% of the stock is owned by insiders.

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.