SpiderRock Advisors LLC Acquires 2,925 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

SpiderRock Advisors LLC increased its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 86.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,309 shares of the business services provider's stock after buying an additional 2,925 shares during the period. SpiderRock Advisors LLC's holdings in Broadridge Financial Solutions were worth $1,357,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 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 worth $26,000 after buying an additional 96 shares during the period. EdgeRock Capital LLC acquired a new stake in shares of Broadridge Financial Solutions in the 2nd quarter valued at about $32,000. Rothschild Investment LLC bought a new stake in Broadridge Financial Solutions in the 2nd quarter valued at about $32,000. New Covenant Trust Company N.A. acquired a new stake in Broadridge Financial Solutions in the first quarter valued at approximately $34,000. Finally, Family Firm Inc. bought a new position in shares of Broadridge Financial Solutions in the 2nd quarter worth $37,000. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Broadridge Financial Solutions Stock Performance

BR stock traded up $1.78 during mid-day trading on Monday, hitting $226.99. The company had a trading volume of 220,259 shares, compared to its average volume of 519,020. Broadridge Financial Solutions, Inc. has a 12 month low of $176.29 and a 12 month high of $228.06. The stock's fifty day moving average price is $214.29 and its two-hundred day moving average price is $207.06. The firm has a market cap of $26.53 billion, a PE ratio of 39.28 and a beta of 1.05. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.08 and a current ratio of 1.39.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its earnings results on Tuesday, November 5th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.03. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. The business's revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the business posted $1.09 earnings per share. On average, analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BR. Morgan Stanley lifted their price objective on shares of Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an "equal weight" rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. boosted their price objective on Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a "neutral" rating in a report on Tuesday, August 20th. Royal Bank of Canada restated an "outperform" rating and issued a $246.00 target price on shares of Broadridge Financial Solutions in a report on Wednesday, November 6th. Finally, StockNews.com downgraded Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a report on Saturday. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $217.83.

Insider Transactions at Broadridge Financial Solutions

In other news, insider Douglas Richard Deschutter sold 24,185 shares of the firm's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $220.21, for a total value of $5,325,778.85. Following the completion of the transaction, the insider now directly owns 27,137 shares in the company, valued at approximately $5,975,838.77. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Broadridge Financial Solutions news, President Christopher John Perry sold 162 shares of Broadridge Financial Solutions stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $210.00, for a total transaction of $34,020.00. Following the transaction, the president now directly owns 67,267 shares of the company's stock, valued at approximately $14,126,070. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Douglas Richard Deschutter sold 24,185 shares of the business's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $220.21, for a total transaction of $5,325,778.85. Following the completion of the sale, the insider now directly owns 27,137 shares of the company's stock, valued at $5,975,838.77. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 157,898 shares of company stock worth $33,293,234 over the last quarter. Corporate insiders own 1.30% of the company's stock.

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.