1,838 Shares in Broadridge Financial Solutions, Inc. (NYSE:BR) Purchased by Orser Capital Management LLC

Orser Capital Management LLC bought a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,838 shares of the business services provider's stock, valued at approximately $446,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in BR. Brighton Jones LLC acquired a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at approximately $580,000. Caprock Group LLC lifted its stake in Broadridge Financial Solutions by 2.3% in the 4th quarter. Caprock Group LLC now owns 4,208 shares of the business services provider's stock valued at $955,000 after purchasing an additional 95 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in Broadridge Financial Solutions by 14.5% in the 4th quarter. Chicago Partners Investment Group LLC now owns 1,140 shares of the business services provider's stock valued at $262,000 after purchasing an additional 144 shares during the last quarter. DAVENPORT & Co LLC lifted its stake in Broadridge Financial Solutions by 6.5% in the 4th quarter. DAVENPORT & Co LLC now owns 1,475 shares of the business services provider's stock valued at $333,000 after purchasing an additional 90 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC bought a new position in Broadridge Financial Solutions in the 4th quarter valued at approximately $305,000. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Broadridge Financial Solutions Price Performance

Shares of BR traded up $0.57 during mid-day trading on Thursday, reaching $244.69. 380,822 shares of the stock traded hands, compared to its average volume of 523,283. The firm has a fifty day moving average price of $236.20 and a 200 day moving average price of $234.43. The company has a market cap of $28.74 billion, a price-to-earnings ratio of 38.29 and a beta of 0.98. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.64. Broadridge Financial Solutions, Inc. has a 1 year low of $192.68 and a 1 year high of $247.01.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its earnings results on Thursday, May 1st. The business services provider reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.03. Broadridge Financial Solutions had a net margin of 11.36% and a return on equity of 44.40%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the business earned $2.23 earnings per share. The firm's quarterly revenue was up 5.0% compared to the same quarter last year. As a group, equities research analysts predict 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 declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Thursday, June 12th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Thursday, June 12th. Broadridge Financial Solutions's payout ratio is currently 52.93%.

Insider Buying and Selling

In other news, Director Maura A. Markus sold 3,556 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $243.08, for a total transaction of $864,392.48. Following the sale, the director now owns 30,892 shares in the company, valued at $7,509,227.36. This represents a 10.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Douglas Richard Deschutter sold 5,056 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $239.55, for a total transaction of $1,211,164.80. Following the completion of the sale, the insider now owns 21,167 shares in the company, valued at $5,070,554.85. This represents a 19.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 136,429 shares of company stock valued at $32,202,256 over the last three months. Corporate insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on BR. 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 assumed 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 target for the company. Finally, Royal Bank of Canada restated 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 analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $250.83.

Broadridge Financial Solutions 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.