Banque Cantonale Vaudoise Acquires New Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Banque Cantonale Vaudoise bought a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,449 shares of the business services provider’s stock, valued at approximately $911,000.

Several other institutional investors also recently modified their holdings of the stock. Stuart Chaussee & Associates Inc. acquired a new position in Broadridge Financial Solutions in the 4th quarter worth about $34,000. Manchester Capital Management LLC grew its holdings in shares of Broadridge Financial Solutions by 57.1% during the fourth quarter. Manchester Capital Management LLC now owns 165 shares of the business services provider’s stock worth $34,000 after purchasing an additional 60 shares during the last quarter. Headinvest LLC acquired a new position in shares of Broadridge Financial Solutions in the third quarter valued at approximately $32,000. BKM Wealth Management LLC bought a new position in Broadridge Financial Solutions in the 4th quarter valued at approximately $37,000. Finally, Exchange Traded Concepts LLC bought a new position in Broadridge Financial Solutions in the 4th quarter valued at approximately $39,000. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Broadridge Financial Solutions

In related news, VP Thomas P. Carey sold 2,500 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $200.40, for a total transaction of $501,000.00. Following the transaction, the vice president now owns 9,361 shares in the company, valued at approximately $1,875,944.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Thomas P. Carey sold 2,500 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $200.40, for a total value of $501,000.00. Following the completion of the sale, the vice president now directly owns 9,361 shares in the company, valued at approximately $1,875,944.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert N. Duelks sold 3,473 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $198.06, for a total value of $687,862.38. Following the transaction, the director now directly owns 22,588 shares in the company, valued at $4,473,779.28. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Broadridge Financial Solutions Trading Up 0.4 %

BR opened at $200.78 on Friday. The stock has a market cap of $23.73 billion, a PE ratio of 34.26 and a beta of 1.03. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.55. Broadridge Financial Solutions, Inc. has a twelve month low of $157.00 and a twelve month high of $210.24. The company has a fifty day moving average of $197.51 and a 200-day moving average of $199.65.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Wednesday, May 8th. The business services provider reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.01). The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.77 billion. Broadridge Financial Solutions had a return on equity of 40.88% and a net margin of 10.92%. The business’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.05 earnings per share. On average, sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 7.72 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, June 14th. Broadridge Financial Solutions’s payout ratio is 54.61%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BR. DA Davidson restated a “neutral” rating and issued a $185.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, June 11th. StockNews.com downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Friday, June 14th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $230.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, March 26th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Broadridge Financial Solutions has an average rating of “Hold” and an average price target 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.