Public Employees Retirement System of Ohio Trims Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

Public Employees Retirement System of Ohio lessened its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 8.1% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,783 shares of the business services provider's stock after selling 5,065 shares during the period. Public Employees Retirement System of Ohio's holdings in Broadridge Financial Solutions were worth $12,425,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Bogart Wealth LLC grew its position in shares of Broadridge Financial Solutions by 384.0% during the 3rd quarter. Bogart Wealth LLC now owns 121 shares of the business services provider's stock valued at $26,000 after acquiring an additional 96 shares during the period. EdgeRock Capital LLC bought a new position in Broadridge Financial Solutions during the second quarter valued at $32,000. Rothschild Investment LLC purchased a new stake in Broadridge Financial Solutions in the second quarter worth $32,000. True Wealth Design LLC raised its stake in shares of Broadridge Financial Solutions by 2,028.6% in the third quarter. True Wealth Design LLC now owns 149 shares of the business services provider's stock valued at $32,000 after buying an additional 142 shares during the period. Finally, Family Firm Inc. purchased a new position in shares of Broadridge Financial Solutions during the 2nd quarter valued at $37,000. 90.03% of the stock is owned by institutional investors.

Broadridge Financial Solutions Price Performance

BR stock traded up $0.43 during midday trading on Thursday, reaching $236.02. The company had a trading volume of 321,324 shares, compared to its average volume of 518,702. The firm has a 50-day moving average price of $223.65 and a 200-day moving average price of $212.36. The company has a market capitalization of $27.59 billion, a P/E ratio of 40.78 and a beta of 1.07. Broadridge Financial Solutions, Inc. has a 1 year low of $188.30 and a 1 year high of $237.96. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.39 and a quick ratio of 1.39.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its earnings results on Tuesday, November 5th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.03. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. Broadridge Financial Solutions had a net margin of 10.57% and a return on equity of 41.79%. The firm's quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.09 earnings per share. On average, research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.52 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.49%. Broadridge Financial Solutions's dividend payout ratio is 60.90%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BR shares. DA Davidson boosted their price objective on Broadridge Financial Solutions from $210.00 to $215.00 and gave the company a "neutral" rating in a research note on Tuesday. Morgan Stanley upped their price target on Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 6th. Royal Bank of Canada restated an "outperform" rating and issued a $246.00 price objective on shares of Broadridge Financial Solutions in a research report on Wednesday, November 6th. StockNews.com lowered shares of Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a report on Saturday, November 9th. Finally, Wolfe Research reissued a "peer perform" rating on shares of Broadridge Financial Solutions in a report on Thursday. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $226.71.

Insider Buying and Selling

In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 24,185 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $220.21, for a total value of $5,325,778.85. Following the transaction, the insider now directly owns 27,137 shares of the company's stock, valued at $5,975,838.77. The trade was a 47.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas P. Carey sold 15,710 shares of the business's stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $230.32, for a total value of $3,618,327.20. Following the completion of the sale, the vice president now owns 12,146 shares of the company's stock, valued at $2,797,466.72. The trade was a 56.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,532 shares of company stock worth $12,264,846 in the last quarter. 1.30% of the stock is owned by insiders.

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.