Radnor Capital Management LLC Sells 195 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Radnor Capital Management LLC lessened its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 11.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,457 shares of the business services provider’s stock after selling 195 shares during the quarter. Radnor Capital Management LLC’s holdings in Broadridge Financial Solutions were worth $313,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Broadridge Financial Solutions by 108.7% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 83,923 shares of the business services provider’s stock worth $17,192,000 after acquiring an additional 43,710 shares in the last quarter. Tidal Investments LLC increased its stake in Broadridge Financial Solutions by 99.6% during the 1st 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. QRG Capital Management Inc. increased its stake in Broadridge Financial Solutions by 72.7% during the 1st quarter. QRG Capital Management Inc. now owns 7,009 shares of the business services provider’s stock valued at $1,436,000 after purchasing an additional 2,950 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in Broadridge Financial Solutions by 5.1% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 55,494 shares of the business services provider’s stock valued at $11,329,000 after purchasing an additional 2,685 shares in the last quarter. Finally, BDF Gestion acquired a new position in Broadridge Financial Solutions during the 2nd quarter valued at approximately $3,954,000. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Up 0.8 %

NYSE:BR opened at $221.18 on Friday. The firm has a market capitalization of $25.85 billion, a P/E ratio of 37.74 and a beta of 1.05. Broadridge Financial Solutions, Inc. has a 1-year low of $175.21 and a 1-year high of $225.29. The company’s fifty day moving average price is $214.04 and its 200-day moving average price is $206.69. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.08 and a quick ratio of 1.08.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Tuesday, November 5th. The business services provider reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. Broadridge Financial Solutions had a net margin of 10.73% and a return on equity of 42.77%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 earnings per share. As a group, equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.51 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on BR shares. JPMorgan Chase & Co. upped their price target on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. StockNews.com upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Morgan Stanley upped their price target on shares of Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Royal Bank of Canada restated an “outperform” rating and set a $246.00 price target on shares of Broadridge Financial Solutions in a research note on Wednesday. Three analysts have rated the stock with a hold rating and four have issued 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 $217.83.

Insider Buying and Selling

In related news, President Christopher John Perry sold 31,539 shares of the stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $207.37, for a total transaction of $6,540,242.43. Following the sale, the president now directly owns 67,215 shares of the company’s stock, valued at approximately $13,938,374.55. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Broadridge Financial Solutions news, Chairman Richard J. Daly sold 21,938 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $207.66, for a total transaction of $4,555,645.08. Following the transaction, the chairman now directly owns 105,094 shares of the company’s stock, valued at $21,823,820.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Christopher John Perry sold 31,539 shares of the stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $207.37, for a total transaction of $6,540,242.43. Following the transaction, the president now directly owns 67,215 shares in the company, valued at approximately $13,938,374.55. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 133,713 shares of company stock valued at $27,967,456. Corporate insiders own 1.30% of the company’s stock.

Broadridge Financial Solutions 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.