Bryn Mawr Capital Management LLC Increases Stake in Broadridge Financial Solutions, Inc. (NYSE:BR)

Bryn Mawr Capital Management LLC grew its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 2.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 20,063 shares of the business services provider’s stock after buying an additional 490 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Broadridge Financial Solutions were worth $4,128,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in BR. OFI Invest Asset Management purchased a new stake in Broadridge Financial Solutions during the third quarter worth approximately $25,000. Headinvest LLC purchased a new stake in Broadridge Financial Solutions during the third quarter worth approximately $32,000. First Command Advisory Services Inc. purchased a new stake in Broadridge Financial Solutions in the third quarter valued at approximately $34,000. Truvestments Capital LLC purchased a new stake in Broadridge Financial Solutions in the third quarter valued at approximately $37,000. Finally, BKM Wealth Management LLC purchased a new stake in Broadridge Financial Solutions in the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BR. Royal Bank of Canada boosted their price objective on Broadridge Financial Solutions from $212.00 to $239.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. DA Davidson reissued a “neutral” rating and issued a $185.00 target price on shares of Broadridge Financial Solutions in a report on Wednesday, April 10th. Raymond James boosted their target price on Broadridge Financial Solutions from $205.00 to $214.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. StockNews.com raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Finally, Evercore ISI reissued an “outperform” rating and issued a $230.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, March 26th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $206.67.

Broadridge Financial Solutions Price Performance

BR traded down $1.51 during trading on Friday, reaching $194.05. 211,848 shares of the stock were exchanged, compared to its average volume of 500,673. The business’s 50 day moving average price is $200.62 and its two-hundred day moving average price is $194.46. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market capitalization of $22.85 billion, a price-to-earnings ratio of 33.81 and a beta of 0.99. Broadridge Financial Solutions, Inc. has a 1 year low of $140.06 and a 1 year high of $210.24.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Thursday, February 1st. The business services provider reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.40 billion. Broadridge Financial Solutions had a return on equity of 41.12% and a net margin of 10.82%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 earnings per share. As a group, equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 7.72 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Thursday, March 14th. Broadridge Financial Solutions’s payout ratio is 55.75%.

Insiders Place Their Bets

In other news, insider Douglas Richard Deschutter sold 22,722 shares of Broadridge Financial Solutions stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $199.00, for a total value of $4,521,678.00. Following the transaction, the insider now directly owns 44,680 shares of the company’s stock, valued at approximately $8,891,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Douglas Richard Deschutter sold 22,722 shares of Broadridge Financial Solutions stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $199.00, for a total value of $4,521,678.00. Following the transaction, the insider now directly owns 44,680 shares of the company’s stock, valued at approximately $8,891,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert N. Duelks sold 830 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $201.58, for a total value of $167,311.40. Following the sale, the director now owns 5,445 shares in the company, valued at $1,097,603.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 48,483 shares of company stock valued at $9,745,637. Insiders own 1.60% of the company’s stock.

Broadridge Financial Solutions Company 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.