Jensen Investment Management Inc. Has $366.76 Million Stock Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Jensen Investment Management Inc. lessened its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,622,179 shares of the business services provider's stock after selling 21,036 shares during the quarter. Broadridge Financial Solutions accounts for approximately 3.3% of Jensen Investment Management Inc.'s investment portfolio, making the stock its 11th biggest position. Jensen Investment Management Inc. owned about 1.39% of Broadridge Financial Solutions worth $366,758,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. True Wealth Design LLC grew its position in Broadridge Financial Solutions by 2,028.6% in the third quarter. True Wealth Design LLC now owns 149 shares of the business services provider's stock valued at $32,000 after acquiring an additional 142 shares during the last quarter. Fortitude Family Office LLC increased its holdings in shares of Broadridge Financial Solutions by 246.7% during the fourth quarter. Fortitude Family Office LLC now owns 156 shares of the business services provider's stock worth $35,000 after buying an additional 111 shares in the last quarter. FSA Wealth Management LLC bought a new position in shares of Broadridge Financial Solutions in the 3rd quarter valued at $39,000. Global X Japan Co. Ltd. bought a new stake in Broadridge Financial Solutions during the 4th quarter worth $41,000. Finally, Truvestments Capital LLC bought a new stake in Broadridge Financial Solutions during the 3rd quarter worth $45,000. Institutional investors and hedge funds own 90.03% of the company's stock.

Remove Ads

Analysts Set New Price Targets

BR has been the topic of a number of recent research reports. StockNews.com raised Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, March 8th. JPMorgan Chase & Co. lifted their target price on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. UBS Group upped their price target on shares of Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Wolfe Research reiterated a "peer perform" rating on shares of Broadridge Financial Solutions in a report on Thursday, December 12th. Finally, Royal Bank of Canada boosted their price objective on shares of Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. 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, Broadridge Financial Solutions has an average rating of "Hold" and a consensus price target of $239.17.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, VP Laura Matlin sold 514 shares of Broadridge Financial Solutions stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $241.60, for a total value of $124,182.40. Following the completion of the sale, the vice president now directly owns 6,602 shares of the company's stock, valued at approximately $1,595,043.20. The trade was a 7.22 % 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, Director Brett Keller sold 5,442 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $240.40, for a total transaction of $1,308,256.80. Following the transaction, the director now directly owns 15,536 shares in the company, valued at $3,734,854.40. This trade represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 124,754 shares of company stock valued at $29,397,793. 1.30% of the stock is currently owned by company insiders.

Broadridge Financial Solutions Trading Down 0.6 %

Shares of NYSE:BR traded down $1.47 during trading on Thursday, reaching $233.90. The stock had a trading volume of 362,248 shares, compared to its average volume of 472,258. Broadridge Financial Solutions, Inc. has a 52 week low of $188.30 and a 52 week high of $246.58. The firm's fifty day moving average is $235.73 and its 200 day moving average is $226.43. The stock has a market cap of $27.37 billion, a price-to-earnings ratio of 36.60 and a beta of 1.05. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.35 and a current ratio of 1.35.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The business services provider reported $1.56 EPS for the quarter, beating analysts' consensus estimates of $1.32 by $0.24. Broadridge Financial Solutions had a net margin of 11.36% and a return on equity of 44.40%. During the same quarter in the previous year, the company earned $0.92 EPS. As a group, equities analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th will be issued a $0.88 dividend. The ex-dividend date is Thursday, March 13th. This represents a $3.52 dividend on an annualized basis and a yield of 1.50%. Broadridge Financial Solutions's payout ratio is currently 55.09%.

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.