Buckhead Capital Management LLC Acquires 875 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Buckhead Capital Management LLC lifted its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 11.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,710 shares of the business services provider’s stock after acquiring an additional 875 shares during the quarter. Buckhead Capital Management LLC’s holdings in Broadridge Financial Solutions were worth $1,792,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in BR. Jensen Investment Management Inc. lifted its holdings in Broadridge Financial Solutions by 2.4% during the 3rd quarter. Jensen Investment Management Inc. now owns 1,825,339 shares of the business services provider’s stock worth $326,827,000 after purchasing an additional 43,235 shares during the last quarter. Stifel Financial Corp lifted its holdings in Broadridge Financial Solutions by 1,700.7% during the 3rd quarter. Stifel Financial Corp now owns 1,542,507 shares of the business services provider’s stock worth $276,194,000 after purchasing an additional 1,456,847 shares during the last quarter. Northern Trust Corp lifted its holdings in Broadridge Financial Solutions by 5.6% during the 3rd quarter. Northern Trust Corp now owns 1,322,979 shares of the business services provider’s stock worth $236,879,000 after purchasing an additional 70,258 shares during the last quarter. Bahl & Gaynor Inc. lifted its holdings in Broadridge Financial Solutions by 1.3% during the 4th quarter. Bahl & Gaynor Inc. now owns 1,082,210 shares of the business services provider’s stock worth $222,665,000 after purchasing an additional 14,005 shares during the last quarter. Finally, California Public Employees Retirement System lifted its holdings in Broadridge Financial Solutions by 0.5% during the 4th quarter. California Public Employees Retirement System now owns 733,194 shares of the business services provider’s stock worth $150,855,000 after purchasing an additional 3,840 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Robert N. Duelks sold 830 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $201.58, for a total transaction of $167,311.40. Following the sale, the director now owns 5,445 shares in the company, valued at approximately $1,097,603.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 12,731 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $201.02, for a total value of $2,559,185.62. Following the sale, the vice president now owns 13,303 shares in the company, valued at approximately $2,674,169.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert N. Duelks sold 830 shares of the company’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 completion of the sale, the director now owns 5,445 shares in the company, valued at approximately $1,097,603.10. The disclosure for this sale can be found here. Insiders have sold 48,483 shares of company stock worth $9,745,637 in the last 90 days. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

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

Broadridge Financial Solutions Price Performance

Shares of Broadridge Financial Solutions stock traded up $0.02 during trading on Wednesday, reaching $193.43. 333,705 shares of the company’s stock were exchanged, compared to its average volume of 494,963. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.40 and a current ratio of 1.40. Broadridge Financial Solutions, Inc. has a 1-year low of $143.95 and a 1-year high of $210.24. The company has a market cap of $22.78 billion, a P/E ratio of 33.62 and a beta of 0.99. The firm’s 50-day moving average price is $200.48 and its 200 day moving average price is $194.94.

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

Broadridge Financial Solutions Dividend Announcement

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

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.