SYSTM Wealth Solutions LLC Has $1.76 Million Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

SYSTM Wealth Solutions LLC lessened its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 38.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,922 shares of the business services provider's stock after selling 5,506 shares during the period. SYSTM Wealth Solutions LLC's holdings in Broadridge Financial Solutions were worth $1,761,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of BR. LifeSteps Financial Inc. bought a new stake in shares of Broadridge Financial Solutions in the 1st quarter valued at approximately $32,000. EdgeRock Capital LLC acquired a new stake in shares of Broadridge Financial Solutions during the second quarter worth $32,000. Rothschild Investment LLC acquired a new stake in shares of Broadridge Financial Solutions during the second quarter worth $32,000. New Covenant Trust Company N.A. bought a new position in shares of Broadridge Financial Solutions in the 1st quarter worth about $34,000. Finally, Family Firm Inc. acquired a new position in shares of Broadridge Financial Solutions in the 2nd quarter valued at about $37,000. Institutional investors and hedge funds own 90.03% of the company's stock.

Insider Buying and Selling

In other Broadridge Financial Solutions news, VP Laura Matlin sold 673 shares of the stock in a transaction dated Thursday, August 8th. The stock was 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 owns 5,530 shares in the company, valued at approximately $1,194,480. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Broadridge Financial Solutions news, VP Laura Matlin sold 673 shares of the company's stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $216.00, for a total value of $145,368.00. Following the transaction, the vice president now directly owns 5,530 shares in the company, valued at $1,194,480. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Timothy C. Gokey sold 25,000 shares of the company's stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $209.11, for a total transaction of $5,227,750.00. Following the completion of the transaction, the chief executive officer now owns 200,675 shares in the company, valued at approximately $41,963,149.25. The disclosure for this sale can be found here. Insiders sold 134,386 shares of company stock worth $28,112,824 in the last quarter. Insiders own 1.60% of the company's stock.

Broadridge Financial Solutions Stock Performance

NYSE BR traded down $2.37 during midday trading on Wednesday, hitting $208.59. The company had a trading volume of 369,691 shares, compared to its average volume of 524,429. The firm has a fifty day simple moving average of $210.13 and a two-hundred day simple moving average of $203.25. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.55. The stock has a market cap of $24.65 billion, a price-to-earnings ratio of 36.00 and a beta of 1.05. Broadridge Financial Solutions, Inc. has a fifty-two week low of $166.73 and a fifty-two week high of $223.81.

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

Broadridge Financial Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Thursday, September 12th. This is a boost from Broadridge Financial Solutions's previous quarterly dividend of $0.80. Broadridge Financial Solutions's dividend payout ratio is presently 60.07%.

Analyst Ratings Changes

BR has been the subject of several analyst reports. DA Davidson reissued a "neutral" rating and set a $185.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, June 11th. Royal Bank of Canada boosted their price objective on Broadridge Financial Solutions from $239.00 to $246.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 7th. StockNews.com upgraded Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. increased their price target 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. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Broadridge Financial Solutions presently has an average rating of "Moderate Buy" and an average target price of $213.33.

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.