Blueshift Asset Management LLC Sells 2,256 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Blueshift Asset Management LLC trimmed its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 64.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,251 shares of the business services provider’s stock after selling 2,256 shares during the quarter. Blueshift Asset Management LLC’s holdings in Broadridge Financial Solutions were worth $283,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Teacher Retirement System of Texas boosted its holdings in Broadridge Financial Solutions by 48.4% during the fourth quarter. Teacher Retirement System of Texas now owns 207,029 shares of the business services provider’s stock worth $46,807,000 after purchasing an additional 67,500 shares during the last quarter. Royal London Asset Management Ltd. lifted its position in Broadridge Financial Solutions by 7.4% during the 4th quarter. Royal London Asset Management Ltd. now owns 102,356 shares of the business services provider’s stock worth $23,142,000 after buying an additional 7,051 shares in the last quarter. Bestgate Wealth Advisors LLC acquired a new position in shares of Broadridge Financial Solutions during the 4th quarter worth about $255,000. Xponance Inc. increased its position in shares of Broadridge Financial Solutions by 3.1% in the fourth quarter. Xponance Inc. now owns 26,254 shares of the business services provider’s stock valued at $5,936,000 after acquiring an additional 779 shares during the last quarter. Finally, Generali Asset Management SPA SGR bought a new stake in Broadridge Financial Solutions during the fourth quarter worth about $3,244,000. 90.03% of the stock is owned by institutional investors and hedge funds.

Broadridge Financial Solutions Price Performance

Shares of BR opened at $233.03 on Friday. The firm has a market capitalization of $27.27 billion, a PE ratio of 36.47 and a beta of 1.05. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.35. The company’s 50-day moving average is $236.05 and its 200-day moving average is $226.62. Broadridge Financial Solutions, Inc. has a fifty-two week low of $188.30 and a fifty-two week high of $246.58.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data on Friday, January 31st. The business services provider reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.24. Broadridge Financial Solutions had a net margin of 11.36% and a return on equity of 44.40%. During the same quarter in the prior year, the firm earned $0.92 earnings per share. Equities analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Thursday, March 13th. Broadridge Financial Solutions’s dividend payout ratio is 55.09%.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey sold 95,956 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $235.43, for a total value of $22,590,921.08. Following the completion of the sale, the chief executive officer now owns 169,788 shares of the company’s stock, valued at $39,973,188.84. The trade was a 36.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Laura Matlin sold 514 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $241.60, for a total transaction of $124,182.40. Following the transaction, the vice president now directly owns 6,602 shares in the company, valued at $1,595,043.20. This represents a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 124,754 shares of company stock valued at $29,397,793 in the last ninety days. 1.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BR. StockNews.com upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, March 8th. DA Davidson restated a “neutral” rating and set a $215.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. JPMorgan Chase & Co. increased their price target on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Wolfe Research restated a “peer perform” rating on shares of Broadridge Financial Solutions in a research note on Thursday, December 12th. Finally, Morgan Stanley raised their target price on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $239.17.

Broadridge Financial Solutions 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.