Kentucky Retirement Systems Insurance Trust Fund Buys Shares of 3,405 Broadridge Financial Solutions, Inc. (NYSE:BR)

Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 3,405 shares of the business services provider's stock, valued at approximately $826,000.

Several other hedge funds have also recently bought and sold shares of the company. Whipplewood Advisors LLC raised its position in shares of Broadridge Financial Solutions by 2,620.0% during the 1st quarter. Whipplewood Advisors LLC now owns 136 shares of the business services provider's stock worth $33,000 after buying an additional 131 shares in the last quarter. Minot DeBlois Advisors LLC bought a new stake in shares of Broadridge Financial Solutions during the 4th quarter worth about $34,000. Gen Wealth Partners Inc bought a new stake in shares of Broadridge Financial Solutions during the 4th quarter worth about $36,000. Curio Wealth LLC acquired a new position in shares of Broadridge Financial Solutions in the 4th quarter worth approximately $45,000. Finally, Promus Capital LLC acquired a new position in shares of Broadridge Financial Solutions in the 4th quarter worth approximately $52,000. 90.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BR shares. Needham & Company LLC started coverage on shares of Broadridge Financial Solutions in a research note on Tuesday, May 6th. They issued a "buy" rating and a $300.00 price objective on the stock. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $259.00 price objective on shares of Broadridge Financial Solutions in a research note on Monday, May 19th. Finally, Wall Street Zen raised shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $250.83.

Insider Buying and Selling

In other Broadridge Financial Solutions news, Director Maura A. Markus sold 3,556 shares of Broadridge Financial Solutions stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $243.08, for a total transaction of $864,392.48. Following the completion of the sale, the director now owns 30,892 shares of the company's stock, valued at $7,509,227.36. This trade represents a 10.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Thomas P. Carey sold 3,607 shares of Broadridge Financial Solutions stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $237.26, for a total transaction of $855,796.82. Following the sale, the vice president now directly owns 6,077 shares of the company's stock, valued at $1,441,829.02. This trade represents a 37.25% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,116 shares of company stock valued at $4,352,298. Company insiders own 1.30% of the company's stock.

Broadridge Financial Solutions Trading Down 1.5%

Shares of NYSE:BR traded down $3.54 during mid-day trading on Wednesday, hitting $238.26. The stock had a trading volume of 548,350 shares, compared to its average volume of 525,298. The company's 50 day moving average is $238.62 and its 200-day moving average is $235.27. Broadridge Financial Solutions, Inc. has a 12-month low of $195.64 and a 12-month high of $247.01. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market cap of $27.99 billion, a PE ratio of 35.83 and a beta of 0.96.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted 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. Broadridge Financial Solutions had a net margin of 11.65% and a return on equity of 44.82%. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the business posted $2.23 EPS. The company's revenue was up 5.0% on a year-over-year basis. On average, sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Thursday, June 12th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Thursday, June 12th. Broadridge Financial Solutions's dividend payout ratio is 52.93%.

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.