Inscription Capital LLC Invests $267,000 in Broadridge Financial Solutions, Inc. (NYSE:BR)

Inscription Capital LLC bought a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,100 shares of the business services provider's stock, valued at approximately $267,000.

Several other hedge funds have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its holdings in Broadridge Financial Solutions by 50.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,560,316 shares of the business services provider's stock valued at $804,952,000 after buying an additional 1,186,555 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Broadridge Financial Solutions by 31,011.4% during the 1st quarter. GAMMA Investing LLC now owns 989,964 shares of the business services provider's stock worth $240,027,000 after acquiring an additional 986,782 shares during the period. Norges Bank acquired a new stake in shares of Broadridge Financial Solutions during the 4th quarter valued at about $106,904,000. Raymond James Financial Inc. bought a new stake in Broadridge Financial Solutions in the fourth quarter valued at about $104,466,000. Finally, Corient Private Wealth LLC increased its stake in Broadridge Financial Solutions by 882.9% in the fourth quarter. Corient Private Wealth LLC now owns 437,171 shares of the business services provider's stock valued at $99,186,000 after acquiring an additional 392,695 shares during the period. Institutional investors own 90.03% of the company's stock.

Broadridge Financial Solutions Stock Down 0.5%

NYSE BR opened at $237.66 on Thursday. The stock's 50 day simple moving average is $238.07 and its 200 day simple moving average is $235.10. Broadridge Financial Solutions, Inc. has a one year low of $195.64 and a one year high of $247.01. The firm has a market cap of $27.92 billion, a PE ratio of 35.74 and a beta of 0.96. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 1.32.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its earnings results on Thursday, May 1st. The business services provider reported $2.44 EPS for the quarter, topping the consensus estimate 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 company had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.86 billion. During the same quarter in the prior year, the business earned $2.23 earnings per share. The business's revenue for the quarter was up 5.0% on a year-over-year basis. As a group, sell-side analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal 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 issued 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 dividend payout ratio is 52.93%.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, Director Pamela L. Carter sold 4,829 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $242.23, for a total transaction of $1,169,728.67. Following the completion of the sale, the director now directly owns 7,242 shares of the company's stock, valued at approximately $1,754,229.66. The trade was a 40.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Maura A. Markus sold 3,556 shares of the firm's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $243.08, for a total transaction of $864,392.48. Following the completion of the transaction, the director now directly owns 30,892 shares in the company, valued at $7,509,227.36. This trade represents a 10.32% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,116 shares of company stock worth $4,352,298. Insiders own 1.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wall Street Zen raised Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Needham & Company LLC initiated coverage on Broadridge Financial Solutions in a research report on Tuesday, May 6th. They set a "buy" rating and a $300.00 target price for the company. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $259.00 price target on shares of Broadridge Financial Solutions in a research report on Monday, May 19th. Five 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 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.

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