O Brien Greene & Co. Inc Has $6.95 Million Stock Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

O Brien Greene & Co. Inc cut its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.5% in the fourth quarter, HoldingsChannel reports. The fund owned 33,788 shares of the business services provider’s stock after selling 506 shares during the quarter. Broadridge Financial Solutions accounts for 2.4% of O Brien Greene & Co. Inc’s portfolio, making the stock its 15th biggest holding. O Brien Greene & Co. Inc’s holdings in Broadridge Financial Solutions were worth $6,952,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Jensen Investment Management Inc. boosted its stake in shares of Broadridge Financial Solutions by 2.4% during the 3rd quarter. Jensen Investment Management Inc. now owns 1,825,339 shares of the business services provider’s stock worth $326,827,000 after acquiring an additional 43,235 shares in the last quarter. Stifel Financial Corp boosted its position in Broadridge Financial Solutions by 1,700.7% during the third quarter. Stifel Financial Corp now owns 1,542,507 shares of the business services provider’s stock worth $276,194,000 after purchasing an additional 1,456,847 shares during the period. Northern Trust Corp grew its holdings in Broadridge Financial Solutions by 5.6% during the third quarter. Northern Trust Corp now owns 1,322,979 shares of the business services provider’s stock valued at $236,879,000 after purchasing an additional 70,258 shares during the last quarter. Bahl & Gaynor Inc. raised its position in shares of Broadridge Financial Solutions by 6.8% in the third quarter. Bahl & Gaynor Inc. now owns 1,068,205 shares of the business services provider’s stock valued at $191,262,000 after purchasing an additional 68,260 shares during the period. Finally, California Public Employees Retirement System lifted its stake in shares of Broadridge Financial Solutions by 0.5% in the fourth quarter. California Public Employees Retirement System now owns 733,194 shares of the business services provider’s stock worth $150,855,000 after buying an additional 3,840 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Broadridge Financial Solutions Price Performance

Shares of BR stock opened at $194.05 on Friday. Broadridge Financial Solutions, Inc. has a 12 month low of $140.06 and a 12 month high of $210.24. The company has a market capitalization of $22.85 billion, a P/E ratio of 33.81 and a beta of 0.99. The stock has a 50 day moving average of $200.62 and a two-hundred day moving average of $194.46. 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 (NYSE:BR) last issued its earnings results on Thursday, February 1st. The business services provider reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.03. Broadridge Financial Solutions had a net margin of 10.82% and a return on equity of 41.12%. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the business earned $0.91 EPS. The firm’s revenue was up 8.7% on a year-over-year basis. As a group, equities analysts expect that Broadridge Financial Solutions, Inc. will post 7.72 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

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

Analyst Ratings Changes

Several research analysts recently commented on the stock. Evercore ISI reiterated an “outperform” rating and issued a $230.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, March 26th. StockNews.com lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Friday. Royal Bank of Canada raised their target price on Broadridge Financial Solutions from $212.00 to $239.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. DA Davidson reissued a “neutral” rating and issued a $185.00 price objective on shares of Broadridge Financial Solutions in a research report on Wednesday, April 10th. Finally, Raymond James boosted their target price on shares of Broadridge Financial Solutions from $205.00 to $214.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $206.67.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, Director Robert N. Duelks sold 830 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $201.58, for a total value of $167,311.40. Following the transaction, the director now directly owns 5,445 shares in the company, valued at $1,097,603.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Broadridge Financial Solutions news, Director Robert N. Duelks sold 830 shares of Broadridge Financial Solutions stock in a transaction on Thursday, February 29th. The stock was 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 in the company, valued at approximately $1,097,603.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Thomas P. Carey sold 12,731 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $201.02, for a total value of $2,559,185.62. Following the completion of the transaction, the vice president now directly owns 13,303 shares in the company, valued at approximately $2,674,169.06. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,483 shares of company stock valued at $9,745,637. 1.60% of the stock is currently owned by company insiders.

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.