UniSuper Management Pty Ltd Has $1.24 Million Stock Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

UniSuper Management Pty Ltd raised its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 383.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 6,030 shares of the business services provider’s stock after purchasing an additional 4,783 shares during the period. UniSuper Management Pty Ltd’s holdings in Broadridge Financial Solutions were worth $1,235,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of BR. Hutchens & Kramer Investment Management Group LLC lifted its holdings in Broadridge Financial Solutions by 4.5% during the first quarter. Hutchens & Kramer Investment Management Group LLC now owns 1,193 shares of the business services provider’s stock valued at $242,000 after purchasing an additional 51 shares during the last quarter. Procyon Advisors LLC grew its holdings in shares of Broadridge Financial Solutions by 2.3% in the fourth quarter. Procyon Advisors LLC now owns 2,319 shares of the business services provider’s stock worth $477,000 after purchasing an additional 52 shares during the last quarter. New York Life Investment Management LLC lifted its stake in Broadridge Financial Solutions by 0.3% in the fourth quarter. New York Life Investment Management LLC now owns 18,444 shares of the business services provider’s stock worth $3,795,000 after acquiring an additional 52 shares during the period. TIAA Trust National Association lifted its stake in Broadridge Financial Solutions by 1.0% in the first quarter. TIAA Trust National Association now owns 5,469 shares of the business services provider’s stock worth $1,120,000 after acquiring an additional 52 shares during the period. Finally, Texas Capital Bank Wealth Management Services Inc lifted its position in Broadridge Financial Solutions by 3.6% during the first quarter. Texas Capital Bank Wealth Management Services Inc now owns 1,581 shares of the business services provider’s stock valued at $324,000 after buying an additional 55 shares during the period. Institutional investors and hedge funds own 90.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on BR shares. DA Davidson reaffirmed a “neutral” rating and issued a $185.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, June 11th. StockNews.com cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday. Evercore ISI reaffirmed an “outperform” rating and set a $230.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, March 26th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $239.00 target price on shares of Broadridge Financial Solutions in a research report on Friday, June 28th. Five equities research 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.com, the stock currently has a consensus rating of “Hold” and an average target price of $206.67.

Broadridge Financial Solutions Trading Up 0.4 %

Shares of NYSE BR traded up $0.82 during trading on Tuesday, reaching $205.55. The stock had a trading volume of 301,244 shares, compared to its average volume of 507,228. The business’s 50-day moving average price is $200.48 and its 200-day moving average price is $200.44. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.39 and a current ratio of 1.39. Broadridge Financial Solutions, Inc. has a fifty-two week low of $164.99 and a fifty-two week high of $211.68. The company has a market cap of $24.29 billion, a P/E ratio of 35.08 and a beta of 1.04.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Wednesday, May 8th. The business services provider reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.01). The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.77 billion. Broadridge Financial Solutions had a return on equity of 40.88% and a net margin of 10.92%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.05 earnings per share. On average, equities research analysts predict that Broadridge Financial Solutions, Inc. will post 7.72 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 14th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Friday, June 14th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 54.61%.

Insider Activity at Broadridge Financial Solutions

In related news, Director Robert N. Duelks sold 3,473 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $198.06, for a total value of $687,862.38. Following the completion of the sale, the director now directly owns 22,588 shares of the company’s stock, valued at $4,473,779.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, VP Thomas P. Carey sold 2,500 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $200.40, for a total value of $501,000.00. Following the completion of the sale, the vice president now directly owns 9,361 shares in the company, valued at $1,875,944.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert N. Duelks sold 3,473 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $198.06, for a total transaction of $687,862.38. Following the sale, the director now owns 22,588 shares of the company’s stock, valued at $4,473,779.28. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

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.