Broadridge Financial Solutions, Inc. $BR Position Increased by Running Oak Capital LLC

Running Oak Capital LLC raised its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 4.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,439 shares of the business services provider’s stock after buying an additional 3,013 shares during the quarter. Broadridge Financial Solutions comprises 1.7% of Running Oak Capital LLC’s portfolio, making the stock its 18th largest position. Running Oak Capital LLC owned approximately 0.06% of Broadridge Financial Solutions worth $11,214,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of BR. Kintegral Advisory LLC increased its holdings in shares of Broadridge Financial Solutions by 0.6% in the 3rd quarter. Kintegral Advisory LLC now owns 10,764 shares of the business services provider’s stock valued at $1,746,000 after acquiring an additional 60 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Broadridge Financial Solutions by 3.6% during the 3rd quarter. Parallel Advisors LLC now owns 1,769 shares of the business services provider’s stock valued at $285,000 after acquiring an additional 61 shares in the last quarter. North Dakota State Investment Board lifted its stake in Broadridge Financial Solutions by 1.9% during the third quarter. North Dakota State Investment Board now owns 3,532 shares of the business services provider’s stock worth $569,000 after purchasing an additional 67 shares during the last quarter. Abel Hall LLC lifted its stake in Broadridge Financial Solutions by 2.4% during the third quarter. Abel Hall LLC now owns 2,935 shares of the business services provider’s stock worth $473,000 after purchasing an additional 68 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in Broadridge Financial Solutions by 2.9% during the second quarter. Allworth Financial LP now owns 2,662 shares of the business services provider’s stock worth $365,000 after purchasing an additional 74 shares during the last quarter. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Up 0.9%

BR stock opened at $192.15 on Tuesday. The stock has a market cap of $21.73 billion, a PE ratio of 21.23 and a beta of 0.90. The firm’s 50-day simple moving average is $172.30 and its 200 day simple moving average is $165.77. Broadridge Financial Solutions, Inc. has a fifty-two week low of $133.83 and a fifty-two week high of $233.10. The company has a quick ratio of 1.24, a current ratio of 1.21 and a debt-to-equity ratio of 1.28.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Tuesday, November 3rd. The business services provider reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.19. Broadridge Financial Solutions had a net margin of 13.94% and a return on equity of 40.32%. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the business posted $1.51 EPS. Broadridge Financial Solutions’s revenue was up 5.0% on a year-over-year basis. As a group, sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 10.58 EPS for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of Broadridge Financial Solutions from $176.00 to $181.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 4th. JPMorgan Chase & Co. raised their price target on shares of Broadridge Financial Solutions from $191.00 to $201.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 4th. DA Davidson restated a “buy” rating and issued a $214.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, October 27th. Royal Bank Of Canada lifted their price target on shares of Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an “outperform” rating in a report on Monday, August 31st. Finally, Weiss Ratings upgraded Broadridge Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $212.71.

Insider Activity

In other news, VP Thomas Carey sold 2,501 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $159.76, for a total transaction of $399,559.76. Following the completion of the transaction, the vice president directly owned 8,800 shares in the company, valued at approximately $1,405,888. The trade was a 22.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 1.00% of the company’s stock.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions provides technology and operations services to financial institutions, public companies, and investors. Its platforms support investor communications, corporate governance, and the processing of financial transactions.

The company’s services include preparing and distributing proxy materials and other shareholder communications, supporting shareholder voting, and providing solutions for trading, clearing, settlement, and asset servicing. Broadridge also offers technology for wealth and investment management, including portfolio and account management, data, and regulatory reporting.

Broadridge was established in 2007 as a spin-off from Automatic Data Processing (ADP).