Vinva Investment Management Ltd Sells 3,930 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Vinva Investment Management Ltd reduced its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 58.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,841 shares of the business services provider's stock after selling 3,930 shares during the quarter. Vinva Investment Management Ltd's holdings in Broadridge Financial Solutions were worth $641,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. True Wealth Design LLC grew its stake in shares of Broadridge Financial Solutions by 2,028.6% in the 3rd quarter. True Wealth Design LLC now owns 149 shares of the business services provider's stock valued at $32,000 after purchasing an additional 142 shares during the period. Fortitude Family Office LLC boosted its stake in Broadridge Financial Solutions by 246.7% in the 4th quarter. Fortitude Family Office LLC now owns 156 shares of the business services provider's stock valued at $35,000 after buying an additional 111 shares in the last quarter. FSA Wealth Management LLC bought a new stake in Broadridge Financial Solutions in the third quarter valued at $39,000. Global X Japan Co. Ltd. acquired a new position in Broadridge Financial Solutions during the fourth quarter worth $41,000. Finally, Truvestments Capital LLC acquired a new position in Broadridge Financial Solutions during the third quarter worth $45,000. Institutional investors and hedge funds own 90.03% of the company's stock.

Insider Buying and Selling

In related news, President Christopher John Perry sold 22,357 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $235.23, for a total value of $5,259,037.11. Following the sale, the president now directly owns 52,524 shares in the company, valued at $12,355,220.52. This trade represents a 29.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Timothy C. Gokey sold 95,956 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $235.43, for a total transaction of $22,590,921.08. Following the transaction, the chief executive officer now owns 169,788 shares of the company's stock, valued at approximately $39,973,188.84. This represents a 36.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 124,754 shares of company stock valued at $29,397,793 over the last ninety days. Insiders own 1.30% of the company's stock.

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Analyst Ratings Changes

Several research firms have recently weighed in on BR. JPMorgan Chase & Co. upped their target price on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. UBS Group upped their price objective on shares of Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Wolfe Research reaffirmed a "peer perform" rating on shares of Broadridge Financial Solutions in a report on Thursday, December 12th. DA Davidson reissued a "neutral" rating and issued a $215.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. Finally, Morgan Stanley raised their price target on Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an "equal weight" rating in a report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $239.17.

Broadridge Financial Solutions Trading Up 0.6 %

BR stock traded up $1.35 during trading on Wednesday, hitting $238.29. The company had a trading volume of 395,878 shares, compared to its average volume of 521,263. The firm has a 50-day moving average price of $236.46 and a 200-day moving average price of $227.22. Broadridge Financial Solutions, Inc. has a 12 month low of $188.30 and a 12 month high of $246.58. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.64. The stock has a market cap of $27.88 billion, a price-to-earnings ratio of 37.29 and a beta of 1.05.

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

Broadridge Financial Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 13th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Thursday, March 13th. Broadridge Financial Solutions's dividend payout ratio (DPR) is 55.09%.

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.