GHP Investment Advisors Inc. Has $12.39 Million Stock Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

GHP Investment Advisors Inc. increased its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 8.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,093 shares of the business services provider's stock after purchasing an additional 3,925 shares during the quarter. GHP Investment Advisors Inc.'s holdings in Broadridge Financial Solutions were worth $12,388,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC increased its holdings in 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 purchasing an additional 131 shares during the last quarter. Continuum Advisory LLC grew 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 during the period. Minot DeBlois Advisors LLC bought a new stake in shares of Broadridge Financial Solutions in the 4th quarter valued at about $34,000. Gen Wealth Partners Inc acquired a new stake in shares of Broadridge Financial Solutions in the 4th quarter valued at approximately $36,000. Finally, Curio Wealth LLC acquired a new stake in shares of Broadridge Financial Solutions in the 4th quarter valued at approximately $45,000. 90.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, insider Douglas Richard Deschutter sold 5,056 shares of Broadridge Financial Solutions stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $239.55, for a total value of $1,211,164.80. Following the sale, the insider now owns 21,167 shares of the company's stock, valued at approximately $5,070,554.85. The trade was a 19.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas P. Carey sold 3,607 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were 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 owns 6,077 shares of the company's stock, valued at approximately $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 have sold 18,116 shares of company stock worth $4,352,298 over the last ninety days. Insiders own 1.30% of the company's stock.

Broadridge Financial Solutions Stock Down 1.5%

Shares of NYSE:BR traded down $3.54 during midday trading on Wednesday, reaching $238.26. 548,350 shares of the company were exchanged, compared to its average volume of 525,298. The firm has a market cap of $27.99 billion, a PE ratio of 35.83 and a beta of 0.96. Broadridge Financial Solutions, Inc. has a fifty-two week low of $195.64 and a fifty-two week high of $247.01. The stock has a fifty day simple moving average of $238.62 and a two-hundred day simple moving average of $235.27. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.44.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The business services provider reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.03. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $2.23 EPS. As a group, sell-side analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders 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 annualized dividend and a dividend yield of 1.48%. 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.