Legacy Capital Wealth Partners LLC Purchases 3,216 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Legacy Capital Wealth Partners LLC lifted its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 82.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,107 shares of the business services provider's stock after purchasing an additional 3,216 shares during the quarter. Legacy Capital Wealth Partners LLC's holdings in Broadridge Financial Solutions were worth $1,528,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. NBC Securities Inc. grew its holdings in shares of Broadridge Financial Solutions by 0.8% during the third quarter. NBC Securities Inc. now owns 5,951 shares of the business services provider's stock worth $1,279,000 after buying an additional 45 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in Broadridge Financial Solutions by 0.5% during the second 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 last quarter. Garrison Asset Management LLC increased its position in shares of Broadridge Financial Solutions by 0.3% during the 2nd quarter. Garrison Asset Management LLC now owns 17,943 shares of the business services provider's stock worth $3,535,000 after purchasing an additional 50 shares during the last quarter. TIAA Trust National Association raised its stake in shares of Broadridge Financial Solutions by 1.0% during the 1st quarter. TIAA Trust National Association now owns 5,469 shares of the business services provider's stock worth $1,120,000 after purchasing an additional 52 shares in the last quarter. Finally, Brighton Jones LLC grew its position in shares of Broadridge Financial Solutions by 2.5% in the 2nd quarter. Brighton Jones LLC now owns 2,173 shares of the business services provider's stock valued at $428,000 after acquiring an additional 52 shares during the period. Institutional investors and hedge funds own 90.03% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Morgan Stanley upped 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 report on Wednesday. JPMorgan Chase & Co. increased their target price on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 20th. Royal Bank of Canada reiterated an "outperform" rating and issued a $246.00 price target on shares of Broadridge Financial Solutions in a research note on Wednesday. Finally, StockNews.com lowered Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research note on Saturday. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $217.83.

Broadridge Financial Solutions Price Performance

Shares of Broadridge Financial Solutions stock traded up $4.03 during trading on Friday, reaching $225.21. 466,059 shares of the company's stock were exchanged, compared to its average volume of 452,252. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.08 and a current ratio of 1.39. Broadridge Financial Solutions, Inc. has a 1-year low of $175.21 and a 1-year high of $226.16. The company has a market cap of $26.32 billion, a P/E ratio of 38.96 and a beta of 1.05. The firm's 50-day moving average price is $214.29 and its 200 day moving average price is $206.98.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $1.48 billion. During the same period in the prior year, the company earned $1.09 EPS. The firm's quarterly revenue was down .6% compared to the same quarter last year. As a group, research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.51 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Douglas Richard Deschutter sold 24,185 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $220.21, for a total value 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 represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Broadridge Financial Solutions news, President Christopher John Perry sold 31,539 shares of Broadridge Financial Solutions 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 completion of the sale, the president now directly owns 67,215 shares of the company's stock, valued at approximately $13,938,374.55. The trade was a 0.00 % 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, insider Douglas Richard Deschutter sold 24,185 shares of the firm's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $220.21, for a total value 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 represents a 0.00 % decrease in their ownership of the stock. 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 ninety days. 1.30% of the stock is currently owned by insiders.

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.