Moseley Investment Management Inc. Makes New $208,000 Investment in Broadridge Financial Solutions, Inc. (NYSE:BR)

Moseley Investment Management Inc. purchased a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,010 shares of the business services provider’s stock, valued at approximately $208,000.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Broadridge Financial Solutions by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 13,714,442 shares of the business services provider’s stock worth $2,135,476,000 after acquiring an additional 108,223 shares in the last quarter. Morgan Stanley boosted its position in shares of Broadridge Financial Solutions by 41.0% during the 4th quarter. Morgan Stanley now owns 7,043,656 shares of the business services provider’s stock worth $944,766,000 after acquiring an additional 2,048,184 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Broadridge Financial Solutions by 2.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,488,037 shares of the business services provider’s stock worth $511,243,000 after acquiring an additional 96,566 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Broadridge Financial Solutions by 1.5% during the 1st quarter. Geode Capital Management LLC now owns 2,519,784 shares of the business services provider’s stock worth $368,593,000 after acquiring an additional 37,989 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its position in shares of Broadridge Financial Solutions by 85.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,230,810 shares of the business services provider’s stock worth $299,219,000 after acquiring an additional 1,025,907 shares in the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Royal Bank of Canada increased their price objective on shares of Broadridge Financial Solutions from $212.00 to $239.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Evercore ISI reissued an “outperform” rating and issued a $230.00 price objective on shares of Broadridge Financial Solutions in a research note on Tuesday, March 26th. Raymond James increased their price objective on shares of Broadridge Financial Solutions from $205.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Finally, StockNews.com downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $203.17.

Broadridge Financial Solutions Price Performance

BR stock opened at $204.86 on Tuesday. The company has a fifty day moving average price of $201.34 and a 200-day moving average price of $193.14. The company has a market capitalization of $24.13 billion, a P/E ratio of 35.69 and a beta of 0.99. Broadridge Financial Solutions, Inc. has a 52-week low of $139.46 and a 52-week high of $210.24. 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 (NYSE:BR) last announced its earnings results on Thursday, February 1st. The business services provider reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Broadridge Financial Solutions had a net margin of 10.82% and a return on equity of 41.12%. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the firm earned $0.91 earnings per share. Broadridge Financial Solutions’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, equities analysts expect that Broadridge Financial Solutions, Inc. will post 7.72 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Thursday, March 14th. Broadridge Financial Solutions’s dividend payout ratio is presently 55.75%.

Insider Buying and Selling

In related news, insider Douglas Richard Deschutter sold 22,722 shares of Broadridge Financial Solutions stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $199.00, for a total transaction of $4,521,678.00. Following the completion of the transaction, the insider now owns 44,680 shares of the company’s stock, valued at $8,891,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 12,731 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $201.02, for a total value of $2,559,185.62. Following the transaction, the vice president now owns 13,303 shares in the company, valued at $2,674,169.06. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Douglas Richard Deschutter sold 22,722 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $199.00, for a total value of $4,521,678.00. Following the completion of the transaction, the insider now owns 44,680 shares in the company, valued at approximately $8,891,320. The disclosure for this sale can be found here. Insiders sold 48,483 shares of company stock valued at $9,745,637 over the last quarter. Insiders own 1.60% of the company’s stock.

Broadridge Financial Solutions Company 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.