Nomura Holdings Inc. Sells 47,015 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Nomura Holdings Inc. cut its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 92.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,849 shares of the business services provider's stock after selling 47,015 shares during the quarter. Nomura Holdings Inc.'s holdings in Broadridge Financial Solutions were worth $870,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Minot DeBlois Advisors LLC bought a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at $34,000. Gen Wealth Partners Inc purchased a new position in shares of Broadridge Financial Solutions in the fourth quarter valued at $36,000. Global X Japan Co. Ltd. purchased a new position in shares of Broadridge Financial Solutions in the fourth quarter valued at $41,000. Curio Wealth LLC purchased a new position in shares of Broadridge Financial Solutions in the fourth quarter valued at $45,000. Finally, Promus Capital LLC purchased a new position in shares of Broadridge Financial Solutions in the fourth quarter valued at $52,000. 90.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BR. 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. Needham & Company LLC initiated coverage on Broadridge Financial Solutions in a report on Tuesday, May 6th. They issued a "buy" rating and a $300.00 price objective for the company. Morgan Stanley upped their price objective on Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an "equal weight" rating in a report on Monday, February 3rd. UBS Group upped their price objective on Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. upped their price objective on Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $250.83.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, Director Robert N. Duelks sold 485 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $237.93, for a total transaction of $115,396.05. Following the transaction, the director now owns 4,960 shares in the company, valued at $1,180,132.80. The trade was a 8.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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. The trade was a 37.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold 123,473 shares of company stock valued at $29,072,366 in the last 90 days. Insiders own 1.30% of the company's stock.

Broadridge Financial Solutions Trading Up 0.6%

Shares of BR stock opened at $242.69 on Tuesday. The stock has a market capitalization of $28.51 billion, a PE ratio of 37.98 and a beta of 0.98. Broadridge Financial Solutions, Inc. has a 1-year low of $192.68 and a 1-year high of $247.01. The business has a 50-day moving average of $234.58 and a 200 day moving average of $233.13. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.35.

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 for the quarter, beating the consensus estimate of $2.41 by $0.03. The company had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.86 billion. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. Broadridge Financial Solutions's quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.23 EPS. As a group, sell-side analysts anticipate 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. Shareholders of record on Thursday, June 12th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Thursday, June 12th. Broadridge Financial Solutions's payout ratio is 52.93%.

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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