Robeco Institutional Asset Management B.V. Has $15.99 Million Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Robeco Institutional Asset Management B.V. decreased its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 7.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,373 shares of the business services provider's stock after selling 5,963 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.06% of Broadridge Financial Solutions worth $15,992,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. NBC Securities Inc. increased its position in shares of Broadridge Financial Solutions by 0.8% in the third quarter. NBC Securities Inc. now owns 5,951 shares of the business services provider's stock worth $1,279,000 after acquiring an additional 45 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Broadridge Financial Solutions by 0.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 10,155 shares of the business services provider's stock valued at $2,001,000 after purchasing an additional 50 shares during the period. Garrison Asset Management LLC lifted its holdings in shares of Broadridge Financial Solutions by 0.3% in the second quarter. Garrison Asset Management LLC now owns 17,943 shares of the business services provider's stock valued at $3,535,000 after purchasing an additional 50 shares in the last quarter. TIAA Trust National Association boosted its position in shares of 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 buying an additional 52 shares during the period. Finally, Brighton Jones LLC grew its holdings in shares of Broadridge Financial Solutions by 2.5% during the second quarter. Brighton Jones LLC now owns 2,173 shares of the business services provider's stock valued at $428,000 after buying an additional 52 shares in the last quarter. Institutional investors and hedge funds own 90.03% of the company's stock.

Insider Activity

In other news, President Christopher John Perry sold 31,539 shares of Broadridge Financial Solutions stock in a transaction that occurred on Wednesday, August 14th. The stock was 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 approximately $13,938,374.55. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Leslie A. Brun sold 5,739 shares of the company's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $210.05, for a total value of $1,205,476.95. Following the sale, the director now owns 77,318 shares of the company's stock, valued at approximately $16,240,645.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Christopher John Perry sold 31,539 shares of the stock in a transaction that occurred on 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. Over the last three months, insiders sold 133,713 shares of company stock valued at $27,967,456. 1.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

BR has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 20th. Morgan Stanley boosted their price objective on shares of Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an "equal weight" rating in a research report on Wednesday. StockNews.com upgraded shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada restated an "outperform" rating and set a $246.00 price target on shares of Broadridge Financial Solutions in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Broadridge Financial Solutions presently has a consensus rating of "Moderate Buy" and an average price target of $217.83.

Broadridge Financial Solutions Stock Up 0.8 %

NYSE BR traded up $1.72 during trading on Thursday, hitting $221.18. 428,396 shares of the company traded hands, compared to its average volume of 519,950. Broadridge Financial Solutions, Inc. has a 12 month low of $175.21 and a 12 month high of $225.29. The business has a fifty day simple moving average of $213.86 and a 200 day simple moving average of $206.59. The company has a market capitalization of $25.85 billion, a P/E ratio of 37.43 and a beta of 1.05. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.55.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced 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. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. Broadridge Financial Solutions had a return on equity of 42.77% and a net margin of 10.73%. The company's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the company posted $1.09 earnings per share. As a group, sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 8.51 EPS for the current year.

Broadridge Financial Solutions Company 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.