Janus Henderson Group PLC Sells 55,944 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Janus Henderson Group PLC decreased its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,180,849 shares of the business services provider’s stock after selling 55,944 shares during the quarter. Janus Henderson Group PLC’s holdings in Broadridge Financial Solutions were worth $719,161,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Curio Wealth LLC purchased a new position in Broadridge Financial Solutions during the 4th quarter valued at about $45,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Broadridge Financial Solutions by 53.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,768 shares of the business services provider’s stock valued at $2,434,000 after purchasing an additional 3,753 shares in the last quarter. Miracle Mile Advisors LLC lifted its holdings in shares of Broadridge Financial Solutions by 98.0% during the fourth quarter. Miracle Mile Advisors LLC now owns 2,433 shares of the business services provider’s stock valued at $550,000 after purchasing an additional 1,204 shares during the last quarter. Park Place Capital Corp boosted its position in shares of Broadridge Financial Solutions by 31.3% in the 4th quarter. Park Place Capital Corp now owns 5,831 shares of the business services provider’s stock worth $1,318,000 after purchasing an additional 1,391 shares in the last quarter. Finally, Crown Oak Advisors LLC grew its stake in shares of Broadridge Financial Solutions by 10.8% in the 4th quarter. Crown Oak Advisors LLC now owns 36,376 shares of the business services provider’s stock worth $8,224,000 after buying an additional 3,553 shares during the last quarter. Institutional investors own 90.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Morgan Stanley lifted their price objective on 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. DA Davidson reiterated a “neutral” rating and issued a $215.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday, January 21st. 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. StockNews.com upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Royal Bank of Canada raised their price target on shares of Broadridge Financial Solutions from $246.00 to $259.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Broadridge Financial Solutions currently has a consensus rating of “Hold” and a consensus target price of $250.83.

Insider Buying and Selling

In other news, CEO Timothy C. Gokey sold 95,956 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $235.43, for a total value of $22,590,921.08. Following the transaction, the chief executive officer now owns 169,788 shares of the company’s stock, valued at $39,973,188.84. This trade represents a 36.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Christopher John Perry sold 22,357 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $235.23, for a total value of $5,259,037.11. Following the transaction, the president now 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 ownership of the stock. The disclosure for this sale can be found here. Over 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 insiders.

Broadridge Financial Solutions Price Performance

Shares of BR opened at $236.92 on Friday. The firm has a fifty day simple moving average of $233.94 and a two-hundred day simple moving average of $231.89. The firm has a market cap of $27.83 billion, a PE ratio of 37.08 and a beta of 0.98. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.64. Broadridge Financial Solutions, Inc. has a 1-year low of $192.68 and a 1-year high of $247.01.

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

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.