Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Acquired by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC raised its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 13.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,184 shares of the business services provider's stock after buying an additional 2,837 shares during the period. O Shaughnessy Asset Management LLC's holdings in Broadridge Financial Solutions were worth $5,468,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Broadridge Financial Solutions by 53.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,768 shares of the business services provider's stock valued at $2,434,000 after acquiring an additional 3,753 shares during the period. Miracle Mile Advisors LLC lifted its position in shares of Broadridge Financial Solutions by 98.0% during the fourth quarter. Miracle Mile Advisors LLC now owns 2,433 shares of the business services provider's stock worth $550,000 after purchasing an additional 1,204 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its stake in shares of Broadridge Financial Solutions by 121.3% during the third quarter. Y Intercept Hong Kong Ltd now owns 11,561 shares of the business services provider's stock valued at $2,486,000 after purchasing an additional 6,336 shares during the period. Park Place Capital Corp grew its holdings in shares of Broadridge Financial Solutions by 31.3% in the fourth quarter. Park Place Capital Corp now owns 5,831 shares of the business services provider's stock worth $1,318,000 after purchasing an additional 1,391 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in Broadridge Financial Solutions by 6.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 35,497 shares of the business services provider's stock worth $7,633,000 after buying an additional 2,279 shares during the period. Hedge funds and other institutional investors own 90.03% of the company's stock.

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Broadridge Financial Solutions Stock Down 2.6 %

Shares of BR traded down $6.45 during trading hours on Thursday, hitting $239.80. The company had a trading volume of 825,728 shares, compared to its average volume of 514,937. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $28.06 billion, a PE ratio of 37.53 and a beta of 1.06. Broadridge Financial Solutions, Inc. has a one year low of $188.30 and a one year high of $249.31. The company's fifty day moving average price is $237.72 and its two-hundred day moving average price is $228.44.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its earnings results on Friday, January 31st. The business services provider reported $1.56 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.24. Broadridge Financial Solutions had a net margin of 11.36% and a return on equity of 44.40%. During the same period in the prior year, the firm earned $0.92 earnings per share. As a group, equities analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Thursday, March 13th. Broadridge Financial Solutions's dividend payout ratio is currently 55.09%.

Insider Activity at Broadridge Financial Solutions

In other news, President Christopher John Perry sold 22,357 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $235.23, for a total value of $5,259,037.11. Following the transaction, the president now directly owns 52,524 shares of the company's stock, valued at approximately $12,355,220.52. This represents a 29.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Laura Matlin sold 514 shares of Broadridge Financial Solutions stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $241.60, for a total value of $124,182.40. Following the sale, the vice president now directly owns 6,602 shares of the company's stock, valued at $1,595,043.20. This trade represents a 7.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 124,754 shares of company stock valued at $29,397,793 in the last ninety days. Corporate insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on BR shares. DA Davidson restated a "neutral" rating and issued a $215.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, January 21st. Morgan Stanley increased their price objective on Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an "equal weight" rating in a research note on Monday, February 3rd. Wolfe Research reaffirmed a "peer perform" rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. JPMorgan Chase & Co. upped their target price on Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Finally, Royal Bank of Canada raised their price target on Broadridge Financial Solutions from $246.00 to $259.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $241.00.

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.