Running Oak Capital LLC Raises Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

Running Oak Capital LLC grew its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 5.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,855 shares of the business services provider's stock after buying an additional 3,565 shares during the period. Broadridge Financial Solutions accounts for about 2.0% of Running Oak Capital LLC's portfolio, making the stock its 5th biggest holding. Running Oak Capital LLC owned approximately 0.06% of Broadridge Financial Solutions worth $16,490,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BR. Whipplewood Advisors LLC lifted its position in shares of Broadridge Financial Solutions by 2,620.0% in the first quarter. Whipplewood Advisors LLC now owns 136 shares of the business services provider's stock valued at $33,000 after buying an additional 131 shares during the last quarter. Minot DeBlois Advisors LLC acquired a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at approximately $34,000. Gen Wealth Partners Inc acquired a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at approximately $36,000. Curio Wealth LLC acquired a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at approximately $45,000. Finally, Promus Capital LLC acquired a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at approximately $52,000. 90.03% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, 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 value of $855,796.82. Following the transaction, the vice president now owns 6,077 shares in the company, valued at approximately $1,441,829.02. This trade represents a 37.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $864,392.48. Following the completion of the transaction, the director now owns 30,892 shares in the company, valued at approximately $7,509,227.36. The trade was a 10.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,116 shares of company stock worth $4,352,298 in the last 90 days. Company insiders own 1.30% of the company's stock.

Broadridge Financial Solutions Price Performance

Broadridge Financial Solutions stock traded down $1.42 during mid-day trading on Friday, reaching $236.37. 739,210 shares of the company were exchanged, compared to its average volume of 525,107. The company has a fifty day simple moving average of $238.36 and a 200-day simple moving average of $235.16. 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 current ratio of 1.32 and a quick ratio of 1.32. The firm has a market cap of $27.76 billion, a PE ratio of 35.54 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 return on equity of 44.82% and a net margin of 11.65%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the company earned $2.23 EPS. The company's revenue was up 5.0% on a year-over-year basis. As a group, equities research analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $3.52 dividend on an annualized basis and a yield of 1.49%. Broadridge Financial Solutions's dividend payout ratio (DPR) is presently 52.93%.

Analyst Ratings Changes

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

About Broadridge Financial Solutions

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.