Broadridge Financial Solutions, Inc. (NYSE:BR) Holdings Boosted by Boston Financial Mangement LLC

Boston Financial Mangement LLC grew its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR – Get Rating) by 1.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 389,082 shares of the business services provider’s stock after buying an additional 4,485 shares during the period. Broadridge Financial Solutions accounts for about 2.4% of Boston Financial Mangement LLC’s investment portfolio, making the stock its 7th largest position. Boston Financial Mangement LLC owned about 0.33% of Broadridge Financial Solutions worth $56,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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Several other large investors also recently bought and sold shares of BR. Dark Forest Capital Management LP acquired a new position in Broadridge Financial Solutions in the 2nd quarter worth approximately $25,000. Venture Visionary Partners LLC purchased a new position in Broadridge Financial Solutions during the 2nd quarter valued at about $28,000. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in shares of Broadridge Financial Solutions in the 3rd quarter valued at about $29,000. Clear Street Markets LLC increased its position in Broadridge Financial Solutions by 406.3% during the second quarter. Clear Street Markets LLC now owns 243 shares of the business services provider’s stock worth $35,000 after buying an additional 195 shares during the period. Finally, Lumature Wealth Partners LLC increased its holdings in shares of Broadridge Financial Solutions by 82.5% in the first quarter. Lumature Wealth Partners LLC now owns 365 shares of the business services provider’s stock valued at $57,000 after purchasing an additional 165 shares during the period. Institutional investors own 86.45% of the company’s stock.

Insider Buying and Selling

In other news, Director Thomas J. Perna sold 42,417 shares of Broadridge Financial Solutions stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $147.57, for a total transaction of $6,259,476.69. Following the completion of the sale, the director now directly owns 29,704 shares in the company, valued at approximately $4,383,419.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

BR has been the topic of a number of recent analyst reports. Morgan Stanley assumed coverage on Broadridge Financial Solutions in a research report on Wednesday, December 14th. They issued an “equal weight” rating and a $160.00 target price on the stock. Raymond James raised their price objective on Broadridge Financial Solutions from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. TheStreet raised Broadridge Financial Solutions from a “c+” rating to a “b” rating in a research note on Thursday, February 2nd. DA Davidson decreased their target price on Broadridge Financial Solutions to $160.00 in a research note on Thursday, October 27th. Finally, Wolfe Research lowered their price target on Broadridge Financial Solutions from $137.00 to $135.00 in a research report on Thursday, January 5th.

Broadridge Financial Solutions Price Performance

Shares of NYSE:BR traded down $0.56 during midday trading on Friday, hitting $145.11. 86,305 shares of the stock were exchanged, compared to its average volume of 520,539. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 2.30. The stock has a market cap of $17.08 billion, a P/E ratio of 32.52 and a beta of 0.95. The company has a 50 day moving average price of $142.44 and a 200-day moving average price of $151.09. Broadridge Financial Solutions, Inc. has a twelve month low of $131.35 and a twelve month high of $183.33.

Broadridge Financial Solutions (NYSE:BR – Get Rating) last released its earnings results on Thursday, February 2nd. The business services provider reported $0.91 EPS for the quarter, meeting the consensus estimate of $0.91. Broadridge Financial Solutions had a return on equity of 40.38% and a net margin of 9.13%. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the prior year, the business posted $0.83 EPS. The business’s revenue was up 2.6% on a year-over-year basis. On average, research analysts forecast that Broadridge Financial Solutions, Inc. will post 6.91 earnings per share for the current year.

Broadridge Financial Solutions Company Profile

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Broadridge Financial Solutions, Inc engages in the provision of investor communications and technology solutions to banks, broker-dealers, mutual funds, and corporate issuers. It operates through the following segments: Investor Communication Solutions and Global Technology and Operations. The Investor Communication Solutions segment offers services for broker-dealer investor communication, customer communication, corporate issuer, advisor solutions, and mutual fund and retirement solutions.

Further Reading

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Institutional Ownership by Quarter for Broadridge Financial Solutions (NYSE:BR)

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