Wheatland Advisors Inc. decreased its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 9.2% during the second quarter, Holdings Channel reports. The firm owned 2,712 shares of the business services provider’s stock after selling 275 shares during the period. Wheatland Advisors Inc.’s holdings in Broadridge Financial Solutions were worth $205,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BR. Teachers Advisors LLC increased its stake in shares of Broadridge Financial Solutions by 35.9% in the fourth quarter. Teachers Advisors LLC now owns 133,125 shares of the business services provider’s stock valued at $8,826,000 after buying an additional 35,200 shares during the period. Macquarie Group Ltd. increased its stake in shares of Broadridge Financial Solutions by 12.4% in the fourth quarter. Macquarie Group Ltd. now owns 65,476 shares of the business services provider’s stock valued at $4,342,000 after buying an additional 7,200 shares during the period. Creative Planning increased its stake in shares of 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. Gulf International Bank UK Ltd increased its stake in shares of Broadridge Financial Solutions by 0.9% in the first quarter. Gulf International Bank UK Ltd now owns 34,900 shares of the business services provider’s stock valued at $2,371,000 after buying an additional 300 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of Broadridge Financial Solutions by 5.2% in the first quarter. Bank of Montreal Can now owns 28,320 shares of the business services provider’s stock valued at $1,923,000 after buying an additional 1,397 shares during the period. 85.19% of the stock is currently owned by institutional investors.

Shares of Broadridge Financial Solutions, Inc. (NYSE BR) opened at 74.65 on Thursday. The stock has a market cap of $8.78 billion, a P/E ratio of 29.24 and a beta of 0.99. Broadridge Financial Solutions, Inc. has a one year low of $59.86 and a one year high of $78.00. The stock’s 50 day moving average is $75.52 and its 200-day moving average is $71.42.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Wednesday, May 10th. The business services provider reported $0.69 EPS for the quarter, topping the Zacks’ 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 firm’s revenue was up 46.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.58 earnings per share. On average, equities analysts forecast that Broadridge Financial Solutions, Inc. will post $3.12 EPS for the current year.

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BR has been the topic of several recent analyst reports. 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 initiated coverage on shares of Broadridge Financial Solutions in a research report on Monday. They set a “neutral” rating and a $74.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Broadridge Financial Solutions has an average rating of “Hold” and an average target price of $74.75.

In other Broadridge Financial Solutions news, VP Laura Matlin sold 630 shares of the business’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Schifellite sold 76,666 shares of the business’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $75.98, for a total transaction of $5,825,082.68. Following the completion of the transaction, the insider now owns 105,042 shares of the company’s stock, valued at $7,981,091.16. 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 quarter. 3.50% of the stock is currently owned by corporate insiders.

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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