Fmr LLC Purchases 7,077 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

FMR LLC grew its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 9.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 80,194 shares of the business services provider's stock after buying an additional 7,077 shares during the period. FMR LLC owned about 0.07% of Broadridge Financial Solutions worth $17,244,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its position in Broadridge Financial Solutions by 22.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 36,504 shares of the business services provider's stock worth $7,191,000 after buying an additional 6,690 shares during the period. V Square Quantitative Management LLC boosted its stake in Broadridge Financial Solutions by 12.7% during the 2nd quarter. V Square Quantitative Management LLC now owns 2,613 shares of the business services provider's stock valued at $515,000 after purchasing an additional 294 shares during the period. ORG Partners LLC grew its position in Broadridge Financial Solutions by 1,378.3% in the 2nd quarter. ORG Partners LLC now owns 1,360 shares of the business services provider's stock worth $267,000 after purchasing an additional 1,268 shares during the last quarter. Swedbank AB increased its stake in shares of Broadridge Financial Solutions by 1.0% in the second quarter. Swedbank AB now owns 24,420 shares of the business services provider's stock valued at $4,811,000 after purchasing an additional 252 shares during the period. Finally, Triad Wealth Partners LLC bought a new stake in shares of Broadridge Financial Solutions during the second quarter valued at approximately $44,000. Institutional investors and hedge funds own 90.03% of the company's stock.

Insider Buying and Selling

In related news, VP Thomas P. Carey sold 10,757 shares of the business's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $226.82, for a total value of $2,439,902.74. Following the completion of the sale, the vice president now directly owns 12,689 shares in the company, valued at approximately $2,878,118.98. The trade was a 45.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Maura A. Markus sold 3,880 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $227.02, for a total transaction of $880,837.60. Following the sale, the director now owns 27,788 shares of the company's stock, valued at $6,308,431.76. This trade represents a 12.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,532 shares of company stock worth $12,264,846. Insiders own 1.30% of the company's stock.

Broadridge Financial Solutions Trading Down 0.1 %

NYSE BR traded down $0.31 on Wednesday, hitting $235.59. 361,514 shares of the company were exchanged, compared to its average volume of 519,528. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.39 and a quick ratio of 1.39. Broadridge Financial Solutions, Inc. has a twelve month low of $188.30 and a twelve month high of $237.96. The firm has a market capitalization of $27.54 billion, a P/E ratio of 40.81 and a beta of 1.07. The company's 50 day moving average price is $223.21 and its 200-day moving average price is $212.19.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The business services provider reported $1.00 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the firm earned $1.09 EPS. The firm's quarterly revenue was down .6% on a year-over-year basis. Analysts predict that Broadridge Financial Solutions, Inc. will post 8.52 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be paid a $0.88 dividend. The ex-dividend date is Friday, December 13th. This represents a $3.52 annualized dividend and a dividend yield of 1.49%. Broadridge Financial Solutions's payout ratio is 60.90%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BR. Morgan Stanley lifted their target price on 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. UBS Group began coverage on shares of Broadridge Financial Solutions in a report on Thursday, November 21st. They issued a "neutral" rating and a $250.00 price objective for the company. Royal Bank of Canada restated an "outperform" rating and set a $246.00 price target on shares of Broadridge Financial Solutions in a research report on Wednesday, November 6th. StockNews.com cut shares of Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a report on Saturday, November 9th. Finally, DA Davidson upped their target price on Broadridge Financial Solutions from $210.00 to $215.00 and gave the stock a "neutral" rating in a research report on Tuesday. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company 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.