Harel Insurance Investments & Financial Services Ltd. Invests $277,000 in Broadridge Financial Solutions, Inc. (NYSE:BR)

Harel Insurance Investments & Financial Services Ltd. bought a new position in Broadridge Financial Solutions, Inc. (NYSE:BR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,226 shares of the business services provider’s stock, valued at approximately $277,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Broadridge Financial Solutions by 0.9% during the second quarter. Vanguard Group Inc. now owns 14,484,063 shares of the business services provider’s stock valued at $1,849,324,000 after acquiring an additional 134,732 shares during the last quarter. Morgan Stanley increased its position in Broadridge Financial Solutions by 945.4% during the second quarter. Morgan Stanley now owns 3,337,325 shares of the business services provider’s stock valued at $426,109,000 after acquiring an additional 3,018,094 shares during the last quarter. Baillie Gifford & Co. bought a new position in Broadridge Financial Solutions during the second quarter valued at $243,622,000. Nuveen Asset Management LLC increased its position in Broadridge Financial Solutions by 909.0% during the second quarter. Nuveen Asset Management LLC now owns 1,190,667 shares of the business services provider’s stock valued at $152,024,000 after acquiring an additional 1,072,664 shares during the last quarter. Finally, Jensen Investment Management Inc. increased its position in Broadridge Financial Solutions by 39.0% during the second quarter. Jensen Investment Management Inc. now owns 1,171,813 shares of the business services provider’s stock valued at $149,617,000 after acquiring an additional 328,656 shares during the last quarter. 87.98% of the stock is currently owned by institutional investors.

In other news, insider C Elisa D. Garcia sold 5,089 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $15.48, for a total value of $78,777.72. Also, VP Robert F. Kalenka sold 13,784 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $118.54, for a total transaction of $1,633,955.36. Following the completion of the transaction, the vice president now owns 42,021 shares in the company, valued at $4,981,169.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 330,917 shares of company stock worth $41,463,433. Company insiders own 2.20% of the company’s stock.

A number of research analysts have weighed in on the stock. ValuEngine cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. SunTrust Banks boosted their price objective on shares of Broadridge Financial Solutions from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Finally, Raymond James cut shares of Broadridge Financial Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $129.20.

Shares of NYSE BR traded up $0.85 during mid-day trading on Wednesday, reaching $119.08. The company had a trading volume of 205,202 shares, compared to its average volume of 767,633. The business’s 50-day moving average is $123.34 and its 200-day moving average is $126.09. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.20. The stock has a market cap of $13.60 billion, a price-to-earnings ratio of 25.55 and a beta of 0.69. Broadridge Financial Solutions, Inc. has a 52 week low of $91.34 and a 52 week high of $136.99.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Wednesday, November 6th. The business services provider reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.04). The company had revenue of $949.00 million during the quarter, compared to the consensus estimate of $979.61 million. Broadridge Financial Solutions had a return on equity of 46.28% and a net margin of 10.63%. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.79 earnings per share. As a group, equities research analysts forecast that Broadridge Financial Solutions, Inc. will post 5.09 earnings per share for the current year.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry worldwide. 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 offers ProxyEdge, an electronic proxy delivery and voting solution.

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Institutional Ownership by Quarter for Broadridge Financial Solutions (NYSE:BR)

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