Confluence Investment Management LLC Decreases Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Confluence Investment Management LLC reduced its stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 1.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 642,390 shares of the business services provider's stock after selling 10,643 shares during the period. Broadridge Financial Solutions comprises approximately 1.8% of Confluence Investment Management LLC's investment portfolio, making the stock its 16th largest position. Confluence Investment Management LLC owned 0.54% of Broadridge Financial Solutions worth $138,133,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in BR. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Broadridge Financial Solutions by 108.7% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 83,923 shares of the business services provider's stock worth $17,192,000 after purchasing an additional 43,710 shares during the last quarter. Tidal Investments LLC increased its position in Broadridge Financial Solutions by 99.6% in the 1st quarter. Tidal Investments LLC now owns 17,707 shares of the business services provider's stock valued at $3,627,000 after acquiring an additional 8,837 shares during the period. QRG Capital Management Inc. raised its stake in shares of Broadridge Financial Solutions by 72.7% during the first quarter. QRG Capital Management Inc. now owns 7,009 shares of the business services provider's stock valued at $1,436,000 after acquiring an additional 2,950 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Broadridge Financial Solutions by 5.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 55,494 shares of the business services provider's stock worth $11,329,000 after purchasing an additional 2,685 shares during the period. Finally, BDF Gestion bought a new stake in shares of Broadridge Financial Solutions in the second quarter worth $3,954,000. 90.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. StockNews.com raised Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Friday, November 1st. Royal Bank of Canada reiterated an "outperform" rating and issued a $246.00 target price on shares of Broadridge Financial Solutions in a report on Wednesday. Morgan Stanley increased their target price 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. Finally, JPMorgan Chase & Co. upped their price objective on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a "neutral" rating in a research note on Tuesday, August 20th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $217.83.

Broadridge Financial Solutions Trading Up 1.9 %

Shares of Broadridge Financial Solutions stock traded up $4.18 on Friday, reaching $225.36. 466,059 shares of the company's stock were exchanged, compared to its average volume of 520,398. The company has a market capitalization of $26.34 billion, a P/E ratio of 37.74 and a beta of 1.05. Broadridge Financial Solutions, Inc. has a 52 week low of $175.21 and a 52 week high of $226.16. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.08 and a current ratio of 1.08. The firm's 50-day moving average is $214.04 and its two-hundred day moving average is $206.69.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The business services provider reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.03. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. Broadridge Financial Solutions had a net margin of 10.73% and a return on equity of 42.77%. The business's revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.09 earnings per share. Sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 8.51 EPS for the current fiscal year.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, President Christopher John Perry sold 162 shares of Broadridge Financial Solutions stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $210.00, for a total transaction of $34,020.00. Following the transaction, the president now owns 67,267 shares of the company's stock, valued at $14,126,070. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, President Christopher John Perry sold 162 shares of the business's stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $210.00, for a total transaction of $34,020.00. Following the transaction, the president now directly owns 67,267 shares in the company, valued at approximately $14,126,070. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Douglas Richard Deschutter sold 24,185 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $220.21, for a total transaction of $5,325,778.85. Following the completion of the sale, the insider now owns 27,137 shares of the company's stock, valued at approximately $5,975,838.77. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 157,898 shares of company stock valued at $33,293,234. Company insiders own 1.30% of the company's stock.

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.