Broadridge Financial Solutions, Inc. (NYSE:BR) is Crown Oak Advisors LLC's 10th Largest Position

Crown Oak Advisors LLC lifted its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 4.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,848 shares of the business services provider's stock after purchasing an additional 1,472 shares during the period. Broadridge Financial Solutions comprises approximately 4.6% of Crown Oak Advisors LLC's investment portfolio, making the stock its 10th largest holding. Crown Oak Advisors LLC's holdings in Broadridge Financial Solutions were worth $9,177,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Whipplewood Advisors LLC raised its stake 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 purchasing an additional 131 shares during the period. Minot DeBlois Advisors LLC bought a new stake in Broadridge Financial Solutions in the 4th quarter valued at about $34,000. Gen Wealth Partners Inc bought a new stake in Broadridge Financial Solutions in the 4th quarter valued at about $36,000. Curio Wealth LLC bought a new stake in Broadridge Financial Solutions in the 4th quarter valued at about $45,000. Finally, Promus Capital LLC bought a new stake in Broadridge Financial Solutions in the 4th quarter valued at about $52,000. 90.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, VP Thomas P. Carey sold 3,607 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $237.26, for a total transaction of $855,796.82. Following the completion of the transaction, the vice president now owns 6,077 shares of the company's stock, valued at approximately $1,441,829.02. The trade was a 37.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Maura A. Markus sold 3,556 shares of the business's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $243.08, for a total value of $864,392.48. Following the transaction, the director now directly owns 30,892 shares of the company's stock, valued at $7,509,227.36. The trade was a 10.32% decrease in their position. 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 quarter. 1.30% of the stock is currently owned by corporate insiders.

Broadridge Financial Solutions Price Performance

BR stock traded down $1.10 during mid-day trading on Thursday, reaching $237.66. 487,845 shares of the company traded hands, compared to its average volume of 524,650. 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 company has a market capitalization of $27.92 billion, a P/E ratio of 35.74 and a beta of 0.96. Broadridge Financial Solutions, Inc. has a 52-week low of $195.64 and a 52-week high of $247.01. The company has a fifty day moving average price of $238.27 and a 200-day moving average price of $235.12.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its earnings results on Thursday, May 1st. The business services provider reported $2.44 earnings per share for the quarter, beating analysts' consensus estimates of $2.41 by $0.03. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.86 billion. Broadridge Financial Solutions had a return on equity of 44.82% and a net margin of 11.65%. The company's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.23 EPS. As a group, analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.88 per share. 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 payout ratio is presently 52.93%.

Analyst Upgrades and Downgrades

BR has been the topic of a number of research reports. Wall Street Zen upgraded Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Royal Bank Of Canada restated 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, Needham & Company LLC initiated coverage on 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. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average 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.