Kesler Norman & Wride LLC Sells 1,815 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Kesler Norman & Wride LLC cut its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 17.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,787 shares of the business services provider’s stock after selling 1,815 shares during the period. Kesler Norman & Wride LLC’s holdings in Broadridge Financial Solutions were worth $1,801,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Headinvest LLC acquired a new stake in Broadridge Financial Solutions during the third quarter worth about $32,000. Stuart Chaussee & Associates Inc. acquired a new stake in Broadridge Financial Solutions during the fourth quarter worth about $34,000. Manchester Capital Management LLC grew its position in Broadridge Financial Solutions by 57.1% during the fourth quarter. Manchester Capital Management LLC now owns 165 shares of the business services provider’s stock worth $34,000 after buying an additional 60 shares in the last quarter. BKM Wealth Management LLC acquired a new stake in Broadridge Financial Solutions during the fourth quarter worth about $37,000. Finally, Exchange Traded Concepts LLC acquired a new stake in Broadridge Financial Solutions during the fourth quarter worth about $39,000. 90.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 2,500 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $200.40, for a total transaction of $501,000.00. Following the completion of the sale, the vice president now owns 9,361 shares in the company, valued at approximately $1,875,944.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 2,500 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $200.40, for a total transaction of $501,000.00. Following the completion of the sale, the vice president now owns 9,361 shares in the company, valued at approximately $1,875,944.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert N. Duelks sold 3,473 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $198.06, for a total transaction of $687,862.38. Following the completion of the transaction, the director now directly owns 22,588 shares of the company’s stock, valued at approximately $4,473,779.28. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

BR has been the topic of a number of recent research reports. Evercore ISI reissued an “outperform” rating and set a $230.00 target price on shares of Broadridge Financial Solutions in a research report on Tuesday, March 26th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $239.00 price objective on shares of Broadridge Financial Solutions in a report on Friday, June 28th. StockNews.com downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Friday, June 14th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $185.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, June 11th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $206.67.

Broadridge Financial Solutions Price Performance

Shares of BR traded up $1.21 on Thursday, hitting $199.50. The company’s stock had a trading volume of 191,892 shares, compared to its average volume of 404,412. The company has a market capitalization of $23.58 billion, a PE ratio of 34.04 and a beta of 1.04. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.39 and a quick ratio of 1.39. Broadridge Financial Solutions, Inc. has a fifty-two week low of $161.85 and a fifty-two week high of $210.24. The company has a 50 day moving average price of $198.37 and a 200 day moving average price of $200.05.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Wednesday, May 8th. The business services provider reported $2.23 EPS for the quarter, missing the consensus estimate of $2.24 by ($0.01). The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.77 billion. Broadridge Financial Solutions had a return on equity of 40.88% and a net margin of 10.92%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.05 earnings per share. On average, research analysts anticipate that Broadridge Financial Solutions, Inc. will post 7.72 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.60%. The ex-dividend date is Friday, June 14th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 54.61%.

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.