Balyasny Asset Management L.P. Purchases 230,069 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Balyasny Asset Management L.P. raised its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 6,362.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 233,685 shares of the business services provider's stock after purchasing an additional 230,069 shares during the quarter. Balyasny Asset Management L.P. owned 0.20% of Broadridge Financial Solutions worth $52,834,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Fortitude Family Office LLC boosted its position in Broadridge Financial Solutions by 246.7% during the fourth quarter. Fortitude Family Office LLC now owns 156 shares of the business services provider's stock valued at $35,000 after purchasing an additional 111 shares in the last quarter. Global X Japan Co. Ltd. purchased a new position in Broadridge Financial Solutions during the fourth quarter valued at $41,000. Curio Wealth LLC purchased a new position in Broadridge Financial Solutions in the 4th quarter worth approximately $45,000. Salem Investment Counselors Inc. grew its stake in shares of Broadridge Financial Solutions by 200.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 225 shares of the business services provider's stock valued at $51,000 after buying an additional 150 shares during the period. Finally, Promus Capital LLC purchased a new position in shares of Broadridge Financial Solutions during the 4th quarter worth approximately $52,000. Institutional investors own 90.03% of the company's stock.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, Director Robert N. Duelks sold 485 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $237.93, for a total transaction of $115,396.05. Following the completion of the sale, the director now directly owns 4,960 shares of the company's stock, valued at $1,180,132.80. This trade represents a 8.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Christopher John Perry sold 22,357 shares of the company's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $235.23, for a total value of $5,259,037.11. Following the completion of the sale, the president now owns 52,524 shares in the company, valued at approximately $12,355,220.52. This represents a 29.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 119,866 shares of company stock valued at $28,216,569 over the last ninety days. Corporate insiders own 1.30% of the company's stock.

Broadridge Financial Solutions Stock Up 0.4 %

BR stock traded up $0.92 on Friday, reaching $236.92. 400,569 shares of the company traded hands, compared to its average volume of 531,880. The firm has a fifty day simple moving average of $233.94 and a 200-day simple moving average of $231.89. The company has a market cap of $27.83 billion, a P/E ratio of 37.08 and a beta of 0.98. Broadridge Financial Solutions, Inc. has a one year low of $192.68 and a one year high of $247.01. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.35.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The business services provider reported $2.44 EPS for the quarter, topping analysts' consensus estimates of $2.41 by $0.03. The business had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.86 billion. Broadridge Financial Solutions had a net margin of 11.36% and a return on equity of 44.40%. The business's revenue was up 5.0% on a year-over-year basis. During the same period last year, the company posted $2.23 EPS. Research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Royal Bank of Canada raised their price target on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. StockNews.com raised shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Friday. UBS Group upped their target price on Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Needham & Company LLC began coverage on shares of Broadridge Financial Solutions in a report on Tuesday, May 6th. They set a "buy" rating and a $300.00 price target for the company. Finally, DA Davidson restated a "neutral" rating and set a $215.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Broadridge Financial Solutions currently has a consensus rating of "Hold" and a consensus target price of $250.83.

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.