Jensen Investment Management Inc. Sells 95,065 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Jensen Investment Management Inc. trimmed its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 5.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,643,215 shares of the business services provider's stock after selling 95,065 shares during the period. Broadridge Financial Solutions makes up approximately 3.0% of Jensen Investment Management Inc.'s portfolio, making the stock its 16th biggest position. Jensen Investment Management Inc. owned approximately 1.41% of Broadridge Financial Solutions worth $353,341,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BR. Vanguard Group Inc. boosted its stake in Broadridge Financial Solutions by 0.3% during the 1st 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 boosted its stake in Broadridge Financial Solutions by 0.7% during the 1st 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 boosted its stake in Broadridge Financial Solutions by 0.3% during the 1st 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. boosted its stake in Broadridge Financial Solutions by 3.0% during the 1st 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. boosted its stake in Broadridge Financial Solutions by 0.6% during the 2nd 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. 90.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BR has been the topic of a number of research analyst reports. Morgan Stanley boosted their target price on Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an "equal weight" rating in a research note on Wednesday. StockNews.com downgraded Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research note on Saturday. Royal Bank of Canada restated an "outperform" rating and issued a $246.00 target price on shares of Broadridge Financial Solutions in a research note on Wednesday. Finally, JPMorgan Chase & Co. upped their price objective on Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a "neutral" rating in a research note on Tuesday, August 20th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Broadridge Financial Solutions has a consensus rating of "Hold" and a consensus price target of $217.83.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, President Christopher John Perry sold 31,539 shares of the business's stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $207.37, for a total transaction of $6,540,242.43. Following the sale, the president now owns 67,215 shares of the company's stock, valued at $13,938,374.55. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, President Christopher John Perry sold 31,539 shares of the company's stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $207.37, for a total value of $6,540,242.43. Following the transaction, the president now owns 67,215 shares of the company's stock, valued at approximately $13,938,374.55. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Douglas Richard Deschutter sold 24,185 shares of the company's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $220.21, for a total transaction of $5,325,778.85. Following the completion of the transaction, the insider now directly owns 27,137 shares in the company, valued at approximately $5,975,838.77. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 157,898 shares of company stock valued at $33,293,234 in the last 90 days. 1.30% of the stock is currently owned by company insiders.

Broadridge Financial Solutions Stock Performance

Broadridge Financial Solutions stock traded up $4.03 during trading on Friday, hitting $225.21. The stock had a trading volume of 466,059 shares, compared to its average volume of 452,252. The stock's 50 day moving average is $214.29 and its two-hundred day moving average is $207.06. The company has a quick ratio of 1.08, a current ratio of 1.39 and a debt-to-equity ratio of 1.63. Broadridge Financial Solutions, Inc. has a 1 year low of $175.21 and a 1 year high of $226.16. The stock has a market cap of $26.32 billion, a price-to-earnings ratio of 38.96 and a beta of 1.05.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued 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. 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 analysts' expectations of $1.48 billion. During the same quarter in the previous year, the firm posted $1.09 EPS. The business's revenue for the quarter was down .6% compared to the same quarter last year. As a group, analysts predict that Broadridge Financial Solutions, Inc. will post 8.51 EPS for the current year.

Broadridge Financial Solutions Profile

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.