Nilsine Partners LLC Reduces Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Nilsine Partners LLC decreased its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 29.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,117 shares of the business services provider’s stock after selling 474 shares during the period. Nilsine Partners LLC’s holdings in Broadridge Financial Solutions were worth $229,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. OFI Invest Asset Management purchased a new position in shares of Broadridge Financial Solutions during the 3rd quarter worth approximately $25,000. Headinvest LLC purchased a new position in shares of Broadridge Financial Solutions during the 3rd quarter worth approximately $32,000. First Command Advisory Services Inc. purchased a new position in shares of Broadridge Financial Solutions during the 3rd quarter worth approximately $34,000. Stuart Chaussee & Associates Inc. purchased a new position in shares of Broadridge Financial Solutions during the 4th quarter worth approximately $34,000. Finally, Manchester Capital Management LLC boosted its position in shares of Broadridge Financial Solutions by 57.1% during the 4th quarter. Manchester Capital Management LLC now owns 165 shares of the business services provider’s stock worth $34,000 after purchasing an additional 60 shares during the period. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Insiders Place Their Bets

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

Broadridge Financial Solutions Stock Down 1.5 %

NYSE:BR traded down $2.88 during midday trading on Tuesday, reaching $193.41. The company had a trading volume of 373,088 shares, compared to its average volume of 496,906. The firm has a market capitalization of $22.78 billion, a price-to-earnings ratio of 33.70 and a beta of 0.99. The stock’s fifty day simple moving average is $200.51 and its 200-day simple moving average is $194.83. Broadridge Financial Solutions, Inc. has a 12-month low of $143.95 and a 12-month high of $210.24. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.77.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Thursday, February 1st. The business services provider reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. The firm had revenue of $1.41 billion during 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%. Broadridge Financial Solutions’s revenue was up 8.7% compared to the same quarter last year. During the same period last year, the business posted $0.91 earnings per share. On average, sell-side analysts anticipate that Broadridge Financial Solutions, Inc. will post 7.72 earnings per share for the current fiscal 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 issued a dividend of $0.80 per share. 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 dividend payout ratio (DPR) is 55.75%.

Analysts Set New Price Targets

A number of research firms recently weighed in on BR. Raymond James increased their price objective on shares of Broadridge Financial Solutions from $205.00 to $214.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. StockNews.com cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Friday. DA Davidson reaffirmed a “neutral” rating and set a $185.00 price objective on shares of Broadridge Financial Solutions in a research report on Wednesday, April 10th. Royal Bank of Canada raised their price target on shares of Broadridge Financial Solutions from $212.00 to $239.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $230.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, March 26th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $206.67.

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.