Broadridge Financial Solutions, Inc. (NYSE:BR) Holdings Trimmed by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. reduced its stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 7.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,530 shares of the business services provider's stock after selling 3,300 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Broadridge Financial Solutions were worth $10,312,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of BR. Whipplewood Advisors LLC boosted its position in shares of Broadridge Financial Solutions by 2,620.0% during the first quarter. Whipplewood Advisors LLC now owns 136 shares of the business services provider's stock worth $33,000 after buying an additional 131 shares during the period. Minot DeBlois Advisors LLC purchased a new stake in shares of Broadridge Financial Solutions during the fourth quarter worth approximately $34,000. Gen Wealth Partners Inc purchased a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at approximately $36,000. Curio Wealth LLC purchased a new stake in shares of Broadridge Financial Solutions during the 4th quarter worth approximately $45,000. Finally, Promus Capital LLC purchased a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at about $52,000. Hedge funds and other institutional investors own 90.03% of the company's stock.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,068 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $251,685.40. This represents a 49.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas P. Carey sold 3,607 shares of the stock in a transaction that occurred 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,116 shares of company stock worth $4,352,298 over the last quarter. 1.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. 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. Royal Bank Of Canada reiterated an "outperform" rating and issued a $259.00 price target on shares of Broadridge Financial Solutions in a report on Monday, May 19th. Finally, Needham & Company LLC started coverage on shares of Broadridge Financial Solutions in a research report on Tuesday, May 6th. They set a "buy" rating and a $300.00 price target on the stock. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Broadridge Financial Solutions presently has a consensus rating of "Hold" and an average target price of $250.83.

Broadridge Financial Solutions Stock Down 0.5%

Shares of NYSE:BR traded down $1.10 during trading on Wednesday, hitting $237.66. The company's stock had a trading volume of 487,845 shares, compared to its average volume of 524,650. The company has a market capitalization of $27.92 billion, a PE ratio of 35.74 and a beta of 0.96. The stock's 50-day moving average price is $237.97 and its two-hundred day moving average price is $235.08. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.32 and a current ratio of 1.32. Broadridge Financial Solutions, Inc. has a fifty-two week low of $195.64 and a fifty-two week high of $247.01.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its earnings results on Thursday, May 1st. The business services provider reported $2.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.41 by $0.03. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.86 billion. Broadridge Financial Solutions had a net margin of 11.65% and a return on equity of 44.82%. The company's revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.23 EPS. As a group, sell-side analysts expect 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. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Thursday, June 12th. Broadridge Financial Solutions's 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.