GAMMA Investing LLC Takes $151,000 Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

GAMMA Investing LLC acquired a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 739 shares of the business services provider’s stock, valued at approximately $151,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of BR. Nordea Investment Management AB boosted its holdings in shares of Broadridge Financial Solutions by 680.1% during the 4th quarter. Nordea Investment Management AB now owns 85,325 shares of the business services provider’s stock worth $17,584,000 after buying an additional 74,387 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Broadridge Financial Solutions during the 4th quarter worth about $227,750,000. Crown Oak Advisors LLC acquired a new stake in Broadridge Financial Solutions in the 4th quarter worth about $7,032,000. Comerica Bank acquired a new stake in Broadridge Financial Solutions in the 3rd quarter worth about $8,116,000. Finally, Cornercap Investment Counsel Inc. acquired a new stake in Broadridge Financial Solutions in the 4th quarter worth about $1,089,000. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Price Performance

Shares of NYSE:BR opened at $194.15 on Friday. The firm has a 50 day moving average of $200.54 and a 200-day moving average of $194.55. The stock has a market capitalization of $22.87 billion, a PE ratio of 33.82 and a beta of 0.99. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.77. Broadridge Financial Solutions, Inc. has a 12 month low of $140.06 and a 12 month high of $210.24.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data on Thursday, February 1st. The business services provider reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.40 billion. Broadridge Financial Solutions had a net margin of 10.82% and a return on equity of 41.12%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 EPS. On average, equities research analysts predict that Broadridge Financial Solutions, Inc. will post 7.72 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.65%. The ex-dividend date was Thursday, March 14th. Broadridge Financial Solutions’s payout ratio is 55.75%.

Insider Activity at Broadridge Financial Solutions

In related news, Director Robert N. Duelks sold 830 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $201.58, for a total value of $167,311.40. Following the completion of the transaction, the director now owns 5,445 shares of the company’s stock, valued at approximately $1,097,603.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Broadridge Financial Solutions news, Director Robert N. Duelks sold 830 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $201.58, for a total value of $167,311.40. Following the completion of the transaction, the director now directly owns 5,445 shares in the company, valued at approximately $1,097,603.10. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Douglas Richard Deschutter sold 22,722 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $199.00, for a total transaction of $4,521,678.00. Following the completion of the transaction, the insider now owns 44,680 shares of the company’s stock, valued at $8,891,320. The disclosure for this sale can be found here. Insiders sold a total of 48,483 shares of company stock valued at $9,745,637 in the last quarter. Insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

BR has been the subject of several analyst reports. StockNews.com cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Friday. DA Davidson reiterated a “neutral” rating and issued a $185.00 price objective on shares of Broadridge Financial Solutions in a research note on Wednesday, April 10th. Raymond James lifted their price objective on shares of Broadridge Financial Solutions from $205.00 to $214.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Evercore ISI reiterated an “outperform” rating and issued a $230.00 price objective on shares of Broadridge Financial Solutions in a research note on Tuesday, March 26th. Finally, Royal Bank of Canada boosted their target price on shares of Broadridge Financial Solutions from $212.00 to $239.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $206.67.

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.