Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Sold by Everpar Advisors LLC

Everpar Advisors LLC cut its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 8.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,055 shares of the business services provider’s stock after selling 179 shares during the quarter. Everpar Advisors LLC’s holdings in Broadridge Financial Solutions were worth $442,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. EdgeRock Capital LLC acquired a new position in Broadridge Financial Solutions during the second quarter worth $32,000. Rothschild Investment LLC acquired a new position in shares of Broadridge Financial Solutions during the 2nd quarter worth about $32,000. New Covenant Trust Company N.A. purchased a new position in Broadridge Financial Solutions in the 1st quarter valued at about $34,000. Family Firm Inc. acquired a new stake in Broadridge Financial Solutions in the 2nd quarter worth about $37,000. Finally, McClarren Financial Advisors Inc. increased its stake in Broadridge Financial Solutions by 65.5% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 197 shares of the business services provider’s stock worth $39,000 after buying an additional 78 shares in the last quarter. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, VP Laura Matlin sold 673 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $216.00, for a total transaction of $145,368.00. Following the sale, the vice president now owns 5,530 shares of the company’s stock, valued at $1,194,480. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Broadridge Financial Solutions news, President Christopher John Perry sold 17,534 shares of Broadridge Financial Solutions stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $213.41, for a total value of $3,741,930.94. Following the transaction, the president now owns 50,237 shares in the company, valued at $10,721,078.17. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Laura Matlin sold 673 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $216.00, for a total value of $145,368.00. Following the sale, the vice president now directly owns 5,530 shares of the company’s stock, valued at approximately $1,194,480. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 134,386 shares of company stock worth $28,112,824. 1.60% of the stock is owned by insiders.

Broadridge Financial Solutions Price Performance

Broadridge Financial Solutions stock opened at $215.18 on Tuesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.08 and a quick ratio of 1.08. The business has a 50 day simple moving average of $211.75 and a 200-day simple moving average of $204.15. Broadridge Financial Solutions, Inc. has a 12 month low of $166.73 and a 12 month high of $223.81. The stock has a market capitalization of $25.43 billion, a PE ratio of 36.72 and a beta of 1.05.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Tuesday, August 6th. The business services provider reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.49 by $0.01. Broadridge Financial Solutions had a return on equity of 42.77% and a net margin of 10.73%. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the business posted $3.21 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities analysts predict that Broadridge Financial Solutions, Inc. will post 8.51 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 12th were paid a $0.88 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $3.52 dividend on an annualized basis and a yield of 1.64%. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.80. Broadridge Financial Solutions’s dividend payout ratio is presently 60.07%.

Analyst Ratings Changes

BR has been the subject of a number of research reports. StockNews.com raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. Royal Bank of Canada increased their price objective on shares of Broadridge Financial Solutions from $239.00 to $246.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. DA Davidson restated a “neutral” rating and set a $185.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, June 11th. Finally, JPMorgan Chase & Co. increased their price target on Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $213.33.

About Broadridge Financial Solutions

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.