Susquehanna Fundamental Investments LLC Boosts Stock Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Susquehanna Fundamental Investments LLC raised its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 358.9% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 30,887 shares of the business services provider's stock after buying an additional 24,157 shares during the period. Susquehanna Fundamental Investments LLC's holdings in Broadridge Financial Solutions were worth $6,085,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. StockNews.com upgraded Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. lifted their price target on Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a "neutral" rating in a research note on Tuesday, August 20th. 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. Finally, DA Davidson reiterated a "neutral" rating and issued a $185.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, June 11th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $213.33.

Broadridge Financial Solutions Price Performance

Shares of Broadridge Financial Solutions stock traded up $0.28 on Friday, hitting $212.03. 613,692 shares of the company were exchanged, compared to its average volume of 529,791. The stock has a market capitalization of $25.06 billion, a price-to-earnings ratio of 36.18 and a beta of 1.05. The company has a 50-day moving average price of $210.87 and a 200 day moving average price of $203.61. Broadridge Financial Solutions, Inc. has a 1-year low of $166.73 and a 1-year high of $223.81. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.55.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its earnings results on Tuesday, August 6th. The business services provider reported $3.50 earnings per share for the quarter, topping the consensus estimate of $3.49 by $0.01. The business 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 business's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.21 EPS. As a group, sell-side analysts predict 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 disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This is a boost from Broadridge Financial Solutions's previous quarterly dividend of $0.80. This represents a $3.52 dividend on an annualized basis and a yield of 1.66%. Broadridge Financial Solutions's dividend payout ratio is currently 60.07%.

Insider Activity at Broadridge Financial Solutions

In related news, VP Laura Matlin sold 673 shares of the company's stock in a transaction that occurred on Thursday, August 8th. The stock was 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Laura Matlin sold 673 shares of the company's stock in a transaction that occurred on Thursday, August 8th. The stock was 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Christopher John Perry sold 17,534 shares of the company's stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $213.41, for a total value of $3,741,930.94. Following the completion of the transaction, the president now owns 50,237 shares in the company, valued at $10,721,078.17. The disclosure for this sale can be found here. Over the last three months, insiders have sold 134,386 shares of company stock worth $28,112,824. Insiders own 1.60% of the company's stock.

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.