Mn Services Vermogensbeheer B.V. Decreases Stock Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Mn Services Vermogensbeheer B.V. decreased its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,830 shares of the business services provider’s stock after selling 200 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Broadridge Financial Solutions were worth $11,487,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in BR. Crown Oak Advisors LLC purchased a new position in Broadridge Financial Solutions during the 4th quarter valued at approximately $7,032,000. Simplicity Wealth LLC purchased a new stake in shares of Broadridge Financial Solutions during the fourth quarter valued at $483,000. Louisiana State Employees Retirement System bought a new position in Broadridge Financial Solutions in the 4th quarter worth about $1,461,000. Koshinski Asset Management Inc. increased its stake in shares of Broadridge Financial Solutions by 30.1% during the fourth quarter. Koshinski Asset Management Inc. now owns 7,950 shares of the business services provider’s stock valued at $1,636,000 after buying an additional 1,838 shares during the period. Finally, ORG Partners LLC raised its holdings in shares of Broadridge Financial Solutions by 52.5% in the 4th quarter. ORG Partners LLC now owns 1,119 shares of the business services provider’s stock valued at $230,000 after purchasing an additional 385 shares in the last quarter. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Price Performance

BR stock opened at $198.83 on Monday. The business’s 50-day moving average is $201.21 and its two-hundred day moving average is $193.69. The firm has a market capitalization of $23.42 billion, a P/E ratio of 34.64 and a beta of 0.99. Broadridge Financial Solutions, Inc. has a 1 year low of $139.52 and a 1 year high of $210.24. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.40 and a quick ratio of 1.40.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Thursday, February 1st. The business services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate 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 revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.91 EPS. Analysts anticipate that Broadridge Financial Solutions, Inc. will post 7.72 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Thursday, March 14th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 55.75%.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 12,731 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $201.02, for a total transaction of $2,559,185.62. Following the transaction, the vice president now directly owns 13,303 shares of the company’s stock, valued at approximately $2,674,169.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Thomas P. Carey sold 12,731 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $201.02, for a total transaction of $2,559,185.62. Following the completion of the sale, the vice president now directly owns 13,303 shares of the company’s stock, valued at $2,674,169.06. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Douglas Richard Deschutter sold 22,722 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $199.00, for a total transaction of $4,521,678.00. Following the transaction, the insider now owns 44,680 shares of the company’s stock, valued at approximately $8,891,320. The disclosure for this sale can be found here. Insiders sold 48,483 shares of company stock worth $9,745,637 over the last 90 days. Corporate insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BR shares. Raymond James raised their price objective on Broadridge Financial Solutions from $205.00 to $214.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Royal Bank of Canada lifted their target price on shares of Broadridge Financial Solutions from $212.00 to $239.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. DA Davidson reissued a “neutral” rating and issued a $185.00 price objective on shares of Broadridge Financial Solutions in a report on Wednesday, April 10th. Evercore ISI reiterated an “outperform” rating and set a $230.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, March 26th. Finally, StockNews.com upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Friday. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Broadridge Financial Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $206.67.

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.