FourThought Financial LLC Has $214,000 Stake in Broadridge Financial Solutions, Inc. (NYSE:BR)

FourThought Financial LLC lessened its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR – Get Rating) by 34.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,484 shares of the business services provider’s stock after selling 794 shares during the period. FourThought Financial LLC’s holdings in Broadridge Financial Solutions were worth $214,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BR. Dark Forest Capital Management LP bought a new position in Broadridge Financial Solutions in the second quarter worth approximately $25,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in Broadridge Financial Solutions in the 3rd quarter valued at $29,000. Chilton Capital Management LLC bought a new stake in Broadridge Financial Solutions during the 2nd quarter valued at $53,000. Itau Unibanco Holding S.A. acquired a new position in Broadridge Financial Solutions during the third quarter worth $54,000. Finally, Altshuler Shaham Ltd lifted its stake in shares of Broadridge Financial Solutions by 92.5% in the third quarter. Altshuler Shaham Ltd now owns 385 shares of the business services provider’s stock valued at $57,000 after buying an additional 185 shares in the last quarter. 86.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BR has been the subject of several recent research reports. Wolfe Research decreased their target price on shares of Broadridge Financial Solutions from $137.00 to $135.00 in a research report on Thursday, January 5th. Raymond James increased their price objective on Broadridge Financial Solutions from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. Morgan Stanley started coverage on Broadridge Financial Solutions in a report on Wednesday, December 14th. They issued an “equal weight” rating and a $160.00 target price on the stock. TheStreet upgraded Broadridge Financial Solutions from a “c+” rating to a “b” rating in a report on Thursday, February 2nd. Finally, StockNews.com started coverage on Broadridge Financial Solutions in a research report on Thursday. They issued a “hold” rating for the company.

Broadridge Financial Solutions Trading Down 1.7 %

NYSE:BR opened at $135.16 on Friday. Broadridge Financial Solutions, Inc. has a 52 week low of $131.35 and a 52 week high of $183.33. The firm has a 50-day moving average price of $144.33 and a two-hundred day moving average price of $146.30. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $15.91 billion, a price-to-earnings ratio of 30.58 and a beta of 0.97.

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

Broadridge Financial Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 5th. Investors of record on Wednesday, March 15th will be given a dividend of $0.725 per share. The ex-dividend date is Tuesday, March 14th. This represents a $2.90 annualized dividend and a yield of 2.15%. Broadridge Financial Solutions’s payout ratio is currently 64.73%.

Insider Buying and Selling

In other Broadridge Financial Solutions news, Director Robert N. Duelks sold 1,425 shares of the business’s stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $141.06, for a total value of $201,010.50. Following the transaction, the director now directly owns 6,275 shares in the company, valued at $885,151.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Broadridge Financial Solutions 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.