Broadridge Financial Solutions, Inc. (NYSE:BR) Position Boosted by Quantinno Capital Management LP

Quantinno Capital Management LP increased its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 34.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,816 shares of the business services provider's stock after acquiring an additional 4,071 shares during the quarter. Quantinno Capital Management LP's holdings in Broadridge Financial Solutions were worth $3,576,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Minot DeBlois Advisors LLC acquired a new position in shares of Broadridge Financial Solutions in the fourth quarter worth about $34,000. Gen Wealth Partners Inc acquired a new position in shares of Broadridge Financial Solutions in the fourth quarter worth about $36,000. Global X Japan Co. Ltd. acquired a new position in shares of Broadridge Financial Solutions in the fourth quarter worth about $41,000. Curio Wealth LLC acquired a new position in shares of Broadridge Financial Solutions in the fourth quarter worth about $45,000. Finally, Promus Capital LLC acquired a new position in shares of Broadridge Financial Solutions in the fourth quarter worth about $52,000. Institutional investors and hedge funds own 90.03% of the company's stock.

Insider Transactions at Broadridge Financial Solutions

In other news, CEO Timothy C. Gokey sold 95,956 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $235.43, for a total transaction of $22,590,921.08. Following the sale, the chief executive officer now directly owns 169,788 shares in the company, valued at approximately $39,973,188.84. This represents a 36.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Christopher John Perry sold 22,357 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $235.23, for a total value of $5,259,037.11. Following the sale, the president now owns 52,524 shares in the company, valued at $12,355,220.52. The trade was a 29.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 128,302 shares of company stock worth $30,242,095. 1.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on BR shares. Wall Street Zen upgraded Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Needham & Company LLC started coverage on Broadridge Financial Solutions in a research note on Tuesday, May 6th. They issued a "buy" rating and a $300.00 price target on the stock. Royal Bank of Canada restated an "outperform" rating and set a $259.00 price objective on shares of Broadridge Financial Solutions in a research note on Monday, May 19th. UBS Group upped their price objective on Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Finally, Morgan Stanley upped their price objective on Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an "equal weight" rating in a research note on Monday, February 3rd. 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 stock has a consensus rating of "Hold" and an average target price of $250.83.

Broadridge Financial Solutions Stock Down 0.3%

NYSE BR traded down $0.65 on Friday, hitting $237.39. 389,847 shares of the stock traded hands, compared to its average volume of 530,567. The stock has a 50-day moving average of $235.40 and a 200 day moving average of $233.66. Broadridge Financial Solutions, Inc. has a twelve month low of $192.68 and a twelve month high of $247.01. The company has a market capitalization of $27.89 billion, a P/E ratio of 37.15 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 (NYSE:BR - Get Free Report) last announced its quarterly earnings data 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 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 revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.23 earnings per share. As a group, analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders 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 dividend yield of 1.48%. The ex-dividend date is Thursday, June 12th. Broadridge Financial Solutions's payout ratio is 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.