National Pension Service Sells 13,540 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

National Pension Service decreased its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 7.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 166,799 shares of the business services provider's stock after selling 13,540 shares during the period. National Pension Service owned approximately 0.14% of Broadridge Financial Solutions worth $35,867,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BR. Norden Group LLC purchased a new position in shares of Broadridge Financial Solutions during the 1st quarter worth approximately $286,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Broadridge Financial Solutions by 2.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,710 shares of the business services provider's stock valued at $4,038,000 after purchasing an additional 508 shares in the last quarter. MGB Wealth Management LLC grew its stake in Broadridge Financial Solutions by 10.2% in the first quarter. MGB Wealth Management LLC now owns 3,455 shares of the business services provider's stock worth $708,000 after purchasing an additional 320 shares during the period. Empirical Finance LLC raised its holdings in Broadridge Financial Solutions by 3.6% in the first quarter. Empirical Finance LLC now owns 4,130 shares of the business services provider's stock worth $846,000 after purchasing an additional 144 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in Broadridge Financial Solutions by 39.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 28,144 shares of the business services provider's stock valued at $5,766,000 after buying an additional 8,001 shares during the period. Hedge funds and other institutional investors own 90.03% of the company's stock.

Broadridge Financial Solutions Stock Up 0.8 %

BR traded up $1.72 during trading on Thursday, hitting $221.18. 427,599 shares of the company's stock traded hands, compared to its average volume of 520,649. The stock has a market capitalization of $25.85 billion, a price-to-earnings ratio of 37.74 and a beta of 1.05. The company's 50 day simple moving average is $213.86 and its two-hundred day simple moving average is $206.59. Broadridge Financial Solutions, Inc. has a 12-month low of $175.21 and a 12-month high of $225.29. 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 released its quarterly earnings data 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 return on equity of 42.77% and a net margin of 10.73%. The company had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.48 billion. During the same period last year, the firm posted $1.09 earnings per share. Broadridge Financial Solutions's revenue was down .6% compared to the same quarter last year. Analysts predict that Broadridge Financial Solutions, Inc. will post 8.51 earnings per share for the current fiscal year.

Insider Activity

In other Broadridge Financial Solutions news, President Christopher John Perry sold 31,539 shares of the stock in a transaction dated 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Broadridge Financial Solutions news, President Christopher John Perry sold 31,539 shares of the company's stock in a transaction that occurred 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 completion of the sale, the president now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Leslie A. Brun sold 5,739 shares of Broadridge Financial Solutions stock in a transaction on Monday, August 26th. The stock was sold at an average price of $210.05, for a total transaction of $1,205,476.95. Following the transaction, the director now owns 77,318 shares in the company, valued at $16,240,645.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 133,713 shares of company stock valued at $27,967,456 over the last three months. Insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

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

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.