Atwater Malick LLC Takes Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

Atwater Malick LLC bought a new stake in shares of 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 bought 1,191 shares of the business services provider's stock, valued at approximately $289,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC purchased a new position in shares of Broadridge Financial Solutions during the fourth quarter valued at approximately $580,000. DAVENPORT & Co LLC increased its position in shares of Broadridge Financial Solutions by 6.5% in the 4th quarter. DAVENPORT & Co LLC now owns 1,475 shares of the business services provider's stock valued at $333,000 after acquiring an additional 90 shares during the period. U.S. Capital Wealth Advisors LLC acquired a new stake in Broadridge Financial Solutions during the 4th quarter worth about $305,000. Trust Point Inc. acquired a new stake in Broadridge Financial Solutions in the 4th quarter worth about $420,000. Finally, E. Ohman J or Asset Management AB boosted its holdings in shares of Broadridge Financial Solutions by 6.9% during the 4th quarter. E. Ohman J or Asset Management AB now owns 5,450 shares of the business services provider's stock worth $1,232,000 after purchasing an additional 350 shares during the last quarter. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Stock Performance

Shares of BR traded down $1.61 during trading hours on Monday, hitting $243.74. The company's stock had a trading volume of 405,582 shares, compared to its average volume of 523,505. 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, Inc. has a 52-week low of $192.68 and a 52-week high of $247.01. The company has a market cap of $28.63 billion, a price-to-earnings ratio of 38.14 and a beta of 0.96. The business has a 50 day simple moving average of $236.20 and a two-hundred day simple moving average of $234.90.

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 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.03. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. The business had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.86 billion. During the same period in the previous year, the firm posted $2.23 EPS. The business's revenue was up 5.0% on a year-over-year basis. On average, equities analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Thursday, June 12th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Thursday, June 12th. Broadridge Financial Solutions's dividend payout ratio is currently 52.93%.

Analyst Ratings Changes

BR has been the subject of several research reports. Wall Street Zen upgraded shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Needham & Company LLC assumed coverage on Broadridge Financial Solutions in a research report on Tuesday, May 6th. They set a "buy" rating and a $300.00 target price on the stock. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $259.00 target price on shares of Broadridge Financial Solutions in a research note on Monday, May 19th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $250.83.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,068 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $235.22, for a total value of $251,214.96. Following the completion of the transaction, the insider now owns 1,070 shares of the company's stock, valued at $251,685.40. This trade represents a 49.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Thomas P. Carey sold 3,607 shares of Broadridge Financial Solutions stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $237.26, for a total transaction of $855,796.82. Following the sale, the vice president now owns 6,077 shares in the company, valued at $1,441,829.02. This represents a 37.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,116 shares of company stock valued at $4,352,298 in the last 90 days. Insiders own 1.30% of the company's stock.

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.