Meeder Advisory Services Inc. Sells 94 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Meeder Advisory Services Inc. lowered its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 3.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,715 shares of the business services provider’s stock after selling 94 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Broadridge Financial Solutions were worth $584,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Tidal Investments LLC boosted its stake in shares of Broadridge Financial Solutions by 99.6% during the first quarter. Tidal Investments LLC now owns 17,707 shares of the business services provider’s stock valued at $3,627,000 after purchasing an additional 8,837 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Broadridge Financial Solutions by 5.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 55,494 shares of the business services provider’s stock valued at $11,329,000 after acquiring an additional 2,685 shares during the period. Atria Investments Inc raised its position in shares of Broadridge Financial Solutions by 9.7% in the 3rd quarter. Atria Investments Inc now owns 29,638 shares of the business services provider’s stock worth $6,373,000 after acquiring an additional 2,610 shares in the last quarter. BDF Gestion purchased a new stake in shares of Broadridge Financial Solutions during the 2nd quarter worth $3,954,000. Finally, Price T Rowe Associates Inc. MD boosted its position in Broadridge Financial Solutions by 0.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,168,197 shares of the business services provider’s stock valued at $853,898,000 after purchasing an additional 28,180 shares in the last quarter. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Stock Down 1.0 %

Shares of BR stock opened at $224.84 on Wednesday. Broadridge Financial Solutions, Inc. has a fifty-two week low of $182.57 and a fifty-two week high of $230.00. The firm has a market capitalization of $26.28 billion, a PE ratio of 38.90 and a beta of 1.05. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.39 and a current ratio of 1.39. The stock’s 50-day simple moving average is $216.50 and its 200-day simple moving average is $208.63.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Tuesday, November 5th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. Broadridge Financial Solutions had a net margin of 10.57% and a return on equity of 41.79%. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. Broadridge Financial Solutions’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the firm posted $1.09 EPS. Equities analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.57%. The ex-dividend date is Friday, December 13th. Broadridge Financial Solutions’s payout ratio is 60.90%.

Insiders Place Their Bets

In related news, CEO Timothy C. Gokey sold 25,000 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $209.31, for a total transaction of $5,232,750.00. Following the sale, the chief executive officer now directly owns 206,349 shares of the company’s stock, valued at approximately $43,190,909.19. This represents a 10.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Christopher John Perry sold 17,534 shares of Broadridge Financial Solutions stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $213.41, for a total transaction of $3,741,930.94. Following the completion of the transaction, the president now directly owns 50,237 shares of the company’s stock, valued at $10,721,078.17. The trade was a 25.87 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 109,033 shares of company stock valued at $23,382,322. Company insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BR. StockNews.com downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, November 9th. Morgan Stanley increased their target price on shares of Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $246.00 price target on shares of Broadridge Financial Solutions in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. raised their price objective on Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $217.83.

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.