Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Sold by Junto Capital Management LP

Junto Capital Management LP decreased its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 21.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 164,344 shares of the business services provider’s stock after selling 45,793 shares during the quarter. Junto Capital Management LP’s holdings in Broadridge Financial Solutions were worth $37,157,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Broadridge Financial Solutions by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 14,294,766 shares of the business services provider’s stock worth $3,231,904,000 after buying an additional 74,674 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Broadridge Financial Solutions by 50.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,560,316 shares of the business services provider’s stock valued at $804,952,000 after acquiring an additional 1,186,555 shares in the last quarter. Geode Capital Management LLC boosted its position in Broadridge Financial Solutions by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 3,037,015 shares of the business services provider’s stock worth $684,971,000 after acquiring an additional 37,141 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Broadridge Financial Solutions by 2.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,649,761 shares of the business services provider’s stock worth $378,175,000 after purchasing an additional 43,533 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Broadridge Financial Solutions by 2.5% during the fourth quarter. Barclays PLC now owns 1,648,527 shares of the business services provider’s stock valued at $372,713,000 after purchasing an additional 40,506 shares during the period. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Trading Up 0.4 %

Broadridge Financial Solutions stock opened at $236.92 on Friday. The firm has a market cap of $27.83 billion, a price-to-earnings ratio of 37.08 and a beta of 0.98. Broadridge Financial Solutions, Inc. has a 1 year low of $192.68 and a 1 year high of $247.01. The firm’s 50 day moving average price is $233.94 and its two-hundred day moving average price is $231.89. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.35 and a current ratio of 1.35.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Thursday, May 1st. The business services provider reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.03. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the firm posted $2.23 EPS. The company’s quarterly revenue was up 5.0% on a year-over-year basis. On average, research analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on BR. Morgan Stanley upped their price objective on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. Needham & Company LLC initiated coverage on shares of Broadridge Financial Solutions in a research note on Tuesday, May 6th. They issued a “buy” rating and a $300.00 price target for the company. UBS Group raised their price objective on shares of Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Royal Bank of Canada upped their target price on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Finally, DA Davidson reiterated a “neutral” rating and set a $215.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, January 21st. Five equities research 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 stock presently has an average rating of “Hold” and an average price target of $250.83.

Insider Buying and Selling

In other Broadridge Financial Solutions news, Director Robert N. Duelks sold 485 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $237.93, for a total transaction of $115,396.05. Following the sale, the director now directly owns 4,960 shares of the company’s stock, valued at $1,180,132.80. The trade was a 8.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Christopher John Perry sold 22,357 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $235.23, for a total value of $5,259,037.11. Following the completion of the sale, the president now directly owns 52,524 shares of the company’s stock, valued at approximately $12,355,220.52. This trade represents a 29.86 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 119,866 shares of company stock valued at $28,216,569. 1.30% of the stock is owned by corporate insiders.

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.