Broadridge Financial Solutions, Inc. $BR Stock Sold by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp cut its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 10.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 50,446 shares of the business services provider’s stock after selling 5,585 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Broadridge Financial Solutions were worth $8,127,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of BR. Kintegral Advisory LLC grew its position in shares of Broadridge Financial Solutions by 0.6% during the 3rd quarter. Kintegral Advisory LLC now owns 10,764 shares of the business services provider’s stock valued at $1,746,000 after purchasing an additional 60 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Broadridge Financial Solutions by 3.6% in the third quarter. Parallel Advisors LLC now owns 1,769 shares of the business services provider’s stock worth $285,000 after purchasing an additional 61 shares during the period. North Dakota State Investment Board increased its holdings in shares of Broadridge Financial Solutions by 1.9% in the third quarter. North Dakota State Investment Board now owns 3,532 shares of the business services provider’s stock worth $569,000 after purchasing an additional 67 shares during the period. Abel Hall LLC raised its position in shares of Broadridge Financial Solutions by 2.4% in the third quarter. Abel Hall LLC now owns 2,935 shares of the business services provider’s stock worth $473,000 after buying an additional 68 shares in the last quarter. Finally, Allworth Financial LP raised its position in shares of Broadridge Financial Solutions by 2.9% in the second quarter. Allworth Financial LP now owns 2,662 shares of the business services provider’s stock worth $365,000 after buying an additional 74 shares in the last quarter. 90.03% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Broadridge Financial Solutions news, VP Thomas Carey sold 2,501 shares of the firm’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $159.76, for a total transaction of $399,559.76. Following the sale, the vice president owned 8,800 shares in the company, valued at $1,405,888. This trade represents a 22.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.00% of the stock is currently owned by corporate insiders.

Broadridge Financial Solutions Price Performance

BR stock opened at $192.79 on Thursday. The firm has a 50 day simple moving average of $172.76 and a two-hundred day simple moving average of $165.62. The stock has a market cap of $21.81 billion, a PE ratio of 21.30 and a beta of 0.90. Broadridge Financial Solutions, Inc. has a one year low of $133.83 and a one year high of $233.10. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 1.21.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Tuesday, November 3rd. The business services provider reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.19. Broadridge Financial Solutions had a net margin of 13.94% and a return on equity of 40.32%. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter last year, the company posted $1.51 EPS. The business’s quarterly revenue was up 5.0% on a year-over-year basis. On average, analysts predict that Broadridge Financial Solutions, Inc. will post 10.58 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 11th. Investors of record on Thursday, December 10th will be paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, December 10th. Broadridge Financial Solutions’s dividend payout ratio is currently 48.18%.

Analyst Ratings Changes

Several research firms recently issued reports on BR. Morgan Stanley lifted their price objective on Broadridge Financial Solutions from $176.00 to $181.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 4th. DA Davidson restated a “buy” rating and issued a $214.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, October 27th. JPMorgan Chase & Co. raised their price target on Broadridge Financial Solutions from $191.00 to $201.00 and gave the company a “neutral” rating in a report on Wednesday, November 4th. Royal Bank Of Canada raised their price target on Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an “outperform” rating in a report on Monday, August 31st. Finally, UBS Group reiterated a “neutral” rating and set a $180.00 price target on shares of Broadridge Financial Solutions in a research report on Monday, August 17th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Broadridge Financial Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $212.71.

Broadridge Financial Solutions Profile

Broadridge Financial Solutions provides technology and operations services to financial institutions, public companies, and investors. Its platforms support investor communications, corporate governance, and the processing of financial transactions. The company’s services include preparing and distributing proxy materials and other shareholder communications, supporting shareholder voting, and providing solutions for trading, clearing, settlement, and asset servicing. Broadridge also offers technology for wealth and investment management, including portfolio and account management, data, and regulatory reporting.