GW&K Investment Management LLC trimmed its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 224,418 shares of the business services provider’s stock after selling 3,584 shares during the quarter. GW&K Investment Management LLC owned approximately 0.19% of Broadridge Financial Solutions worth $28,654,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Janus Henderson Group PLC grew its stake in Broadridge Financial Solutions by 17.7% in the 1st quarter. Janus Henderson Group PLC now owns 7,824,319 shares of the business services provider’s stock valued at $811,304,000 after acquiring an additional 1,177,867 shares during the period. Jensen Investment Management Inc. boosted its stake in Broadridge Financial Solutions by 8,174.4% during the 1st quarter. Jensen Investment Management Inc. now owns 843,157 shares of the business services provider’s stock worth $87,427,000 after purchasing an additional 832,967 shares during the last quarter. USS Investment Management Ltd acquired a new stake in Broadridge Financial Solutions during the 2nd quarter worth $87,343,000. Tesco Pension Investment Ltd acquired a new stake in Broadridge Financial Solutions during the 1st quarter worth $63,974,000. Finally, FMR LLC boosted its stake in Broadridge Financial Solutions by 296.2% during the 1st quarter. FMR LLC now owns 750,883 shares of the business services provider’s stock worth $77,860,000 after purchasing an additional 561,363 shares during the last quarter. 86.75% of the stock is owned by hedge funds and other institutional investors.

Shares of BR stock traded down $2.73 on Friday, hitting $127.46. 1,611,823 shares of the stock traded hands, compared to its average volume of 775,171. The firm’s 50-day moving average price is $130.15 and its two-hundred day moving average price is $117.71. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a market capitalization of $14.88 billion, a PE ratio of 27.35, a PEG ratio of 2.54 and a beta of 0.72. Broadridge Financial Solutions, Inc. has a twelve month low of $91.34 and a twelve month high of $138.24.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Thursday, August 1st. The business services provider reported $1.72 earnings per share for the quarter, meeting the consensus estimate of $1.72. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Broadridge Financial Solutions had a net margin of 11.05% and a return on equity of 46.61%. The company’s revenue was down 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.86 EPS. On average, equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 5.13 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Friday, September 13th will be issued a $0.54 dividend. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.49. This represents a $2.16 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Thursday, September 12th. Broadridge Financial Solutions’s payout ratio is 41.63%.

Several equities research analysts have issued reports on BR shares. DA Davidson cut shares of Broadridge Financial Solutions from a “buy” rating to a “neutral” rating and set a $128.00 target price on the stock. in a research note on Wednesday, May 8th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $131.00 target price on the stock in a research note on Friday, May 10th. ValuEngine raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Wednesday. SunTrust Banks lifted their target price on shares of Broadridge Financial Solutions from $130.00 to $150.00 and gave the stock a “buy” rating in a research note 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 note on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Broadridge Financial Solutions presently has a consensus rating of “Buy” and a consensus target price of $129.20.

In related news, SVP Robert Schifellite sold 15,000 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $125.01, for a total value of $1,875,150.00. Following the sale, the senior vice president now directly owns 78,418 shares in the company, valued at approximately $9,803,034.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Richard J. Daly sold 7,500 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $128.93, for a total transaction of $966,975.00. Following the sale, the insider now owns 212,611 shares in the company, valued at $27,411,936.23. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 215,165 shares of company stock worth $27,433,672. 2.30% of the stock is owned by insiders.

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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