Atria Investments Inc Grows Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

Atria Investments Inc increased its stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 9.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,638 shares of the business services provider's stock after buying an additional 2,610 shares during the period. Atria Investments Inc's holdings in Broadridge Financial Solutions were worth $6,373,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Broadridge Financial Solutions by 0.3% during the first quarter. Vanguard Group Inc. now owns 13,991,206 shares of the business services provider's stock valued at $2,866,238,000 after purchasing an additional 39,537 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake 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 during the last quarter. Capital International Investors increased its stake in Broadridge Financial Solutions by 0.3% during the first quarter. Capital International Investors now owns 3,061,983 shares of the business services provider's stock valued at $627,278,000 after purchasing an additional 7,970 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Broadridge Financial Solutions by 3.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,496,678 shares of the business services provider's stock valued at $306,609,000 after purchasing an additional 43,958 shares during the last quarter. Finally, Bahl & Gaynor Inc. increased its stake in Broadridge Financial Solutions by 0.6% during the second quarter. Bahl & Gaynor Inc. now owns 1,108,867 shares of the business services provider's stock valued at $218,447,000 after purchasing an additional 6,634 shares during the last quarter. Institutional investors own 90.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on BR shares. Morgan Stanley boosted 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 report on Wednesday, November 6th. JPMorgan Chase & Co. boosted their price objective on Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a "neutral" rating in a report on Tuesday, August 20th. StockNews.com downgraded Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $246.00 price target on shares of Broadridge Financial Solutions in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Broadridge Financial Solutions currently has a consensus rating of "Hold" and an average target price of $217.83.

Insider Activity at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey sold 25,000 shares of Broadridge Financial Solutions stock in a transaction on Friday, August 16th. The stock was sold at an average price of $209.11, for a total value of $5,227,750.00. Following the completion of the transaction, the chief executive officer now directly owns 200,675 shares of the company's stock, valued at $41,963,149.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Timothy C. Gokey sold 25,000 shares of the business's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $209.11, for a total transaction of $5,227,750.00. Following the sale, the chief executive officer now directly owns 200,675 shares in the company, valued at approximately $41,963,149.25. The trade was 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 the SEC website. Also, President Christopher John Perry sold 31,539 shares of the business's stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $207.37, for a total value of $6,540,242.43. Following the sale, the president now owns 67,215 shares in the company, valued at approximately $13,938,374.55. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 172,535 shares of company stock worth $36,613,975 in the last ninety days. 1.30% of the stock is owned by company insiders.

Broadridge Financial Solutions Stock Up 0.3 %

Shares of NYSE BR traded up $0.61 during mid-day trading on Tuesday, reaching $226.82. 500,297 shares of the company's stock were exchanged, compared to its average volume of 520,377. The firm has a market capitalization of $26.51 billion, a price-to-earnings ratio of 39.14 and a beta of 1.05. The company has a current ratio of 1.39, a quick ratio of 1.08 and a debt-to-equity ratio of 1.63. The business has a fifty day simple moving average of $214.56 and a 200 day simple moving average of $207.28. Broadridge Financial Solutions, Inc. has a twelve month low of $176.29 and a twelve month high of $228.75.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its earnings results on Tuesday, November 5th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.03. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. Broadridge Financial Solutions's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.09 EPS. As a group, equities analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

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.