Kintegral Advisory LLC Reduces Stock Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Kintegral Advisory LLC lowered its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 32.9% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 7,777 shares of the business services provider's stock after selling 3,815 shares during the period. Kintegral Advisory LLC's holdings in Broadridge Financial Solutions were worth $1,892,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in Broadridge Financial Solutions during the 1st quarter valued at about $29,000. Whipplewood Advisors LLC lifted 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 position in shares of Broadridge Financial Solutions during the 4th quarter worth approximately $34,000. Continuum Advisory LLC lifted its position in shares of Broadridge Financial Solutions by 48.4% during the 1st quarter. Continuum Advisory LLC now owns 141 shares of the business services provider's stock worth $34,000 after buying an additional 46 shares in the last quarter. Finally, Gen Wealth Partners Inc bought a new position in shares of Broadridge Financial Solutions during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 90.03% of the company's stock.

Analyst Ratings Changes

BR has been the topic of several recent analyst reports. Wall Street Zen raised shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Needham & Company LLC initiated coverage on shares of 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 reissued an "outperform" rating and set a $259.00 target price on shares of Broadridge Financial Solutions in a research report on Monday, May 19th. 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, the stock presently has a consensus rating of "Hold" and an average target price of $250.83.

Insider Activity

In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 3,607 shares of the stock in a transaction that occurred 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 transaction, the vice president directly owned 6,077 shares in the company, valued at $1,441,829.02. This trade represents a 37.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Hope M. Jarkowski sold 1,068 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $235.22, for a total transaction of $251,214.96. Following the transaction, the insider owned 1,070 shares in the company, valued at $251,685.40. The trade was a 49.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,116 shares of company stock valued at $4,352,298. 1.30% of the stock is currently owned by insiders.

Broadridge Financial Solutions Stock Performance

Shares of NYSE:BR traded down $1.81 during mid-day trading on Monday, reaching $240.32. The company had a trading volume of 384,781 shares, compared to its average volume of 527,510. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.44. The firm has a market cap of $28.23 billion, a price-to-earnings ratio of 36.14 and a beta of 0.94. The company's 50-day moving average price is $239.52 and its 200-day moving average price is $235.90. Broadridge Financial Solutions, Inc. has a one year low of $198.71 and a one year high of $247.01.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.86 billion. Broadridge Financial Solutions had a net margin of 11.65% and a return on equity of 44.82%. Broadridge Financial Solutions's revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.23 EPS. As a group, equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Thursday, June 12th were paid a $0.88 dividend. The ex-dividend date was Thursday, June 12th. This represents a $3.52 annualized dividend and a yield of 1.46%. Broadridge Financial Solutions's dividend payout ratio is currently 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.