Simmons Bank Has $536,000 Stake in Broadridge Financial Solutions, Inc. (NYSE:BR)

Simmons Bank lowered its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 6.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,494 shares of the business services provider’s stock after selling 163 shares during the period. Simmons Bank’s holdings in Broadridge Financial Solutions were worth $536,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Bogart Wealth LLC lifted its holdings in shares of Broadridge Financial Solutions by 384.0% during the third quarter. Bogart Wealth LLC now owns 121 shares of the business services provider’s stock worth $26,000 after purchasing an additional 96 shares during the period. EdgeRock Capital LLC acquired a new position in Broadridge Financial Solutions during the 2nd quarter worth about $32,000. Rothschild Investment LLC bought a new stake in shares of Broadridge Financial Solutions in the 2nd quarter valued at about $32,000. New Covenant Trust Company N.A. acquired a new stake in shares of Broadridge Financial Solutions in the first quarter valued at about $34,000. Finally, Hazlett Burt & Watson Inc. bought a new position in shares of Broadridge Financial Solutions during the third quarter worth about $38,000. Institutional investors and hedge funds own 90.03% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on BR. Royal Bank of Canada reiterated an “outperform” rating and issued a $246.00 target price on shares of Broadridge Financial Solutions in a report on Wednesday, November 6th. Morgan Stanley upped their price objective 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, November 6th. JPMorgan Chase & Co. lifted their target price on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Finally, StockNews.com cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Broadridge Financial Solutions currently has an average rating of “Hold” and an average target price of $217.83.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, President Christopher John Perry sold 162 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $210.00, for a total transaction of $34,020.00. Following the transaction, the president now directly owns 67,267 shares of the company’s stock, valued at $14,126,070. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, President Christopher John Perry sold 162 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $210.00, for a total value of $34,020.00. Following the sale, the president now owns 67,267 shares in the company, valued at $14,126,070. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Maura A. Markus sold 3,880 shares of Broadridge Financial Solutions stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $227.02, for a total value of $880,837.60. Following the transaction, the director now owns 27,788 shares of the company’s stock, valued at $6,308,431.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 140,996 shares of company stock valued at $30,073,732. Company insiders own 1.30% of the company’s stock.

Broadridge Financial Solutions Stock Up 0.9 %

Shares of NYSE BR opened at $229.01 on Thursday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.63. The firm has a market cap of $26.77 billion, a PE ratio of 39.62 and a beta of 1.05. The company’s fifty day simple moving average is $215.21 and its 200 day simple moving average is $207.66. Broadridge Financial Solutions, Inc. has a 12-month low of $179.79 and a 12-month high of $230.00.

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 (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 for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the firm earned $1.09 EPS. The business’s revenue was down .6% on a year-over-year basis. As a group, sell-side analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

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.