World Asset Management Inc boosted its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,919 shares of the business services provider’s stock after buying an additional 91 shares during the period. World Asset Management Inc’s holdings in Broadridge Financial Solutions were worth $674,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. First Bank & Trust boosted its stake in Broadridge Financial Solutions by 0.4% in the first quarter. First Bank & Trust now owns 10,476 shares of the business services provider’s stock valued at $712,000 after buying an additional 40 shares during the period. Xact Kapitalforvaltning AB boosted its stake in Broadridge Financial Solutions by 0.5% in the first quarter. Xact Kapitalforvaltning AB now owns 9,785 shares of the business services provider’s stock valued at $665,000 after buying an additional 47 shares during the period. Wade G W & Inc. boosted its stake in Broadridge Financial Solutions by 1.2% in the first quarter. Wade G W & Inc. now owns 10,295 shares of the business services provider’s stock valued at $700,000 after buying an additional 125 shares during the period. Van ECK Associates Corp boosted its stake in Broadridge Financial Solutions by 8.0% in the first quarter. Van ECK Associates Corp now owns 1,814 shares of the business services provider’s stock valued at $123,000 after buying an additional 135 shares during the period. Finally, Creative Planning boosted its stake in Broadridge Financial Solutions by 2.3% in the first quarter. Creative Planning now owns 6,368 shares of the business services provider’s stock valued at $433,000 after buying an additional 144 shares during the period. 85.19% of the stock is owned by institutional investors and hedge funds.

Shares of Broadridge Financial Solutions, Inc. (NYSE BR) opened at 75.06 on Wednesday. The firm has a market capitalization of $8.83 billion, a price-to-earnings ratio of 29.40 and a beta of 0.99. Broadridge Financial Solutions, Inc. has a 12-month low of $59.86 and a 12-month high of $78.00. The firm’s 50-day moving average is $75.57 and its 200-day moving average is $71.18.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Wednesday, May 10th. The business services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.10. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $997.65 million. Broadridge Financial Solutions had a net margin of 8.21% and a return on equity of 34.74%. The business’s quarterly revenue was up 46.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 earnings per share. Equities research analysts forecast that Broadridge Financial Solutions, Inc. will post $3.12 EPS for the current fiscal year.

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A number of equities analysts recently weighed in on the stock. BidaskClub raised shares of Broadridge Financial Solutions from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 28th. DA Davidson assumed coverage on shares of Broadridge Financial Solutions in a research report on Monday. They set a “neutral” rating and a $74.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $74.75.

In other news, VP Laura Matlin sold 630 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $71.89, for a total value of $45,290.70. Following the completion of the transaction, the vice president now directly owns 5,271 shares in the company, valued at $378,932.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Schifellite sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $72.83, for a total transaction of $364,150.00. Following the completion of the transaction, the insider now owns 79,167 shares of the company’s stock, valued at $5,765,732.61. The disclosure for this sale can be found here. Insiders sold 323,032 shares of company stock valued at $24,016,648 over the last 90 days. Insiders own 3.50% of the company’s stock.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company’s segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment.

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

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