Vise Technologies Inc. Buys New Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Vise Technologies Inc. acquired a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,050 shares of the business services provider's stock, valued at approximately $463,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BR. Mutual Advisors LLC raised its holdings in Broadridge Financial Solutions by 11.8% in the fourth quarter. Mutual Advisors LLC now owns 1,940 shares of the business services provider's stock worth $448,000 after buying an additional 204 shares during the last quarter. Brighton Jones LLC bought a new stake in shares of Broadridge Financial Solutions during the fourth quarter valued at approximately $580,000. CX Institutional raised its holdings in Broadridge Financial Solutions by 4.7% in the 4th quarter. CX Institutional now owns 1,471 shares of the business services provider's stock worth $333,000 after acquiring an additional 66 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Broadridge Financial Solutions by 4.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,576 shares of the business services provider's stock valued at $356,000 after acquiring an additional 65 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in Broadridge Financial Solutions by 6.1% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,980 shares of the business services provider's stock valued at $448,000 after acquiring an additional 113 shares in the last quarter. Institutional investors own 90.03% of the company's stock.

Broadridge Financial Solutions Stock Performance

Shares of NYSE:BR traded up $0.16 during trading on Wednesday, hitting $240.15. The company's stock had a trading volume of 385,480 shares, compared to its average volume of 529,331. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market cap of $28.21 billion, a price-to-earnings ratio of 37.58 and a beta of 0.98. The company has a 50-day moving average of $235.71 and a 200-day moving average of $233.91. Broadridge Financial Solutions, Inc. has a 12 month low of $192.68 and a 12 month 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 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.86 billion. During the same period in the prior year, the company earned $2.23 earnings per share. The firm's revenue was up 5.0% on a year-over-year basis. On average, sell-side analysts expect 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 announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Thursday, June 12th will be given 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 yield of 1.47%. Broadridge Financial Solutions's dividend payout ratio (DPR) is presently 52.93%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Morgan Stanley upped their price target on Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an "equal weight" rating in a report on Monday, February 3rd. Needham & Company LLC began coverage on shares of Broadridge Financial Solutions in a research note on Tuesday, May 6th. They set a "buy" rating and a $300.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Royal Bank of Canada reissued an "outperform" rating and set a $259.00 price objective on shares of Broadridge Financial Solutions in a report on Monday, May 19th. Finally, Wall Street Zen upgraded shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $250.83.

Insider Activity at Broadridge Financial Solutions

In other news, CEO Timothy C. Gokey sold 95,956 shares of the firm's stock in a transaction on Monday, March 10th. The shares were 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 $39,973,188.84. This trade represents a 36.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Pamela L. Carter sold 4,829 shares of Broadridge Financial Solutions stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $242.23, for a total transaction of $1,169,728.67. Following the transaction, the director now owns 7,242 shares in the company, valued at approximately $1,754,229.66. This trade represents a 40.00% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 133,358 shares of company stock worth $31,453,259. Corporate insiders own 1.30% of the company's stock.

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.