Tributary Capital Management LLC Increases Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Tributary Capital Management LLC grew its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 43.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,003 shares of the business services provider’s stock after acquiring an additional 1,513 shares during the quarter. Tributary Capital Management LLC’s holdings in Broadridge Financial Solutions were worth $1,131,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Linden Thomas Advisory Services LLC raised its position in shares of Broadridge Financial Solutions by 16.3% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 10,403 shares of the business services provider’s stock worth $2,352,000 after purchasing an additional 1,455 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in Broadridge Financial Solutions by 4.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,576 shares of the business services provider’s stock worth $356,000 after buying an additional 65 shares during the last quarter. CX Institutional raised its holdings in Broadridge Financial Solutions by 4.7% in the fourth quarter. CX Institutional now owns 1,471 shares of the business services provider’s stock worth $333,000 after buying an additional 66 shares during the last quarter. Crown Oak Advisors LLC lifted its stake in shares of Broadridge Financial Solutions by 10.8% in the fourth quarter. Crown Oak Advisors LLC now owns 36,376 shares of the business services provider’s stock worth $8,224,000 after buying an additional 3,553 shares in the last quarter. Finally, Brighton Jones LLC purchased a new stake in shares of Broadridge Financial Solutions during the fourth quarter valued at approximately $580,000. 90.03% of the stock is owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Price Performance

Shares of NYSE:BR opened at $237.48 on Friday. 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 stock has a market capitalization of $27.76 billion, a PE ratio of 41.09 and a beta of 1.08. The firm’s 50 day moving average price is $230.15 and its 200-day moving average price is $218.96. Broadridge Financial Solutions, Inc. has a twelve month low of $188.30 and a twelve month high of $237.96.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Tuesday, November 5th. The business services provider reported $1.00 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the firm earned $1.09 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. Equities research analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.48%. The ex-dividend date was Friday, December 13th. Broadridge Financial Solutions’s dividend payout ratio is presently 60.90%.

Insiders Place Their Bets

In other news, insider Douglas Richard Deschutter sold 24,185 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $220.21, for a total transaction of $5,325,778.85. Following the sale, the insider now directly owns 27,137 shares in the company, valued at $5,975,838.77. This trade represents a 47.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Thomas P. Carey sold 15,710 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $230.32, for a total transaction of $3,618,327.20. Following the completion of the transaction, the vice president now directly owns 12,146 shares of the company’s stock, valued at $2,797,466.72. This represents a 56.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,532 shares of company stock worth $12,264,846 over the last quarter. 1.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

BR has been the topic of several analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $246.00 price objective on shares of Broadridge Financial Solutions in a research report on Wednesday, November 6th. Wolfe Research reaffirmed a “peer perform” rating on shares of Broadridge Financial Solutions in a report on Thursday, December 12th. UBS Group initiated coverage on Broadridge Financial Solutions in a research report on Thursday, November 21st. They set a “neutral” rating and a $250.00 price objective on the stock. Morgan Stanley upped 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 note on Wednesday, November 6th. Finally, DA Davidson reiterated a “neutral” rating and issued a $215.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $226.71.

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.