Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. increased its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 620.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,407 shares of the business services provider's stock after purchasing an additional 35,658 shares during the period. Meeder Asset Management Inc.'s holdings in Broadridge Financial Solutions were worth $8,157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BR. New England Research & Management Inc. purchased a new position in shares of Broadridge Financial Solutions during the 1st quarter valued at approximately $1,465,000. Bank of Nova Scotia raised its position in shares of Broadridge Financial Solutions by 642.3% in the fourth quarter. Bank of Nova Scotia now owns 81,202 shares of the business services provider's stock worth $16,707,000 after acquiring an additional 70,263 shares during the period. UBS Group AG boosted its stake in shares of Broadridge Financial Solutions by 8.2% during the 4th quarter. UBS Group AG now owns 186,444 shares of the business services provider's stock worth $38,361,000 after acquiring an additional 14,147 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Broadridge Financial Solutions by 108.7% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 83,923 shares of the business services provider's stock valued at $17,192,000 after acquiring an additional 43,710 shares during the period. Finally, Tidal Investments LLC grew its position in shares of Broadridge Financial Solutions by 99.6% during 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. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target 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. StockNews.com raised shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Tuesday. DA Davidson restated a "neutral" rating and set a $185.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, June 11th. Finally, Royal Bank of Canada lifted their price objective on Broadridge Financial Solutions from $239.00 to $246.00 and gave the stock an "outperform" rating in a report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $213.33.

Insider Buying and Selling

In related news, VP Laura Matlin sold 673 shares of the company's stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $216.00, for a total transaction of $145,368.00. Following the sale, the vice president now directly owns 5,530 shares in the company, valued at $1,194,480. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, President Christopher John Perry sold 31,539 shares of the firm's stock in a transaction dated 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Laura Matlin sold 673 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $216.00, for a total transaction of $145,368.00. Following the completion of the transaction, the vice president now directly owns 5,530 shares in the company, valued at $1,194,480. The disclosure for this sale can be found here. Insiders sold 134,386 shares of company stock valued at $28,112,824 in the last three months. 1.60% of the stock is owned by corporate insiders.

Broadridge Financial Solutions Trading Up 0.7 %

BR traded up $1.42 on Friday, hitting $211.95. The company had a trading volume of 363,699 shares, compared to its average volume of 527,462. The company's fifty day moving average price is $209.72 and its 200 day moving average price is $203.10. Broadridge Financial Solutions, Inc. has a 1 year low of $166.73 and a 1 year high of $223.81. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.55. The firm has a market cap of $24.74 billion, a P/E ratio of 36.17 and a beta of 1.05.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The business services provider reported $3.50 EPS for the quarter, topping analysts' consensus estimates of $3.49 by $0.01. The company had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.96 billion. Broadridge Financial Solutions had a return on equity of 42.77% and a net margin of 10.73%. The firm's revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.21 earnings per share. As a group, equities analysts expect that Broadridge Financial Solutions, Inc. will post 8.51 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be paid a $0.88 dividend. This is a boost from Broadridge Financial Solutions's previous quarterly dividend of $0.80. This represents a $3.52 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Thursday, September 12th. Broadridge Financial Solutions's dividend payout ratio (DPR) is presently 54.61%.

About Broadridge Financial Solutions

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.