World Investment Advisors Makes New $473,000 Investment in Broadridge Financial Solutions, Inc. (NYSE:BR)

World Investment Advisors bought a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,950 shares of the business services provider's stock, valued at approximately $473,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. von Borstel & Associates Inc. acquired a new position in Broadridge Financial Solutions in the 1st quarter valued at $43,000. Olde Wealth Management LLC acquired a new stake in shares of Broadridge Financial Solutions during the 1st quarter worth $36,000. Eukles Asset Management increased its holdings in shares of Broadridge Financial Solutions by 16.7% during the 1st quarter. Eukles Asset Management now owns 4,291 shares of the business services provider's stock worth $1,040,000 after buying an additional 614 shares during the last quarter. Catalyst Capital Advisors LLC increased its holdings in shares of Broadridge Financial Solutions by 5.1% during the 1st quarter. Catalyst Capital Advisors LLC now owns 5,352 shares of the business services provider's stock worth $1,298,000 after buying an additional 260 shares during the last quarter. Finally, IFM Investors Pty Ltd increased its holdings in shares of Broadridge Financial Solutions by 8.0% during the 1st quarter. IFM Investors Pty Ltd now owns 30,060 shares of the business services provider's stock worth $7,288,000 after buying an additional 2,222 shares during the last quarter. Hedge funds and other institutional investors own 90.03% of the company's stock.

Broadridge Financial Solutions Price Performance

Shares of NYSE BR traded down $3.69 during mid-day trading on Friday, reaching $234.90. 639,405 shares of the company traded hands, compared to its average volume of 529,134. Broadridge Financial Solutions, Inc. has a fifty-two week low of $200.63 and a fifty-two week high of $247.01. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market cap of $27.59 billion, a PE ratio of 35.32 and a beta of 0.94. The stock has a fifty day simple moving average of $239.64 and a 200-day simple moving average of $236.14.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its quarterly 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. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.86 billion. Broadridge Financial Solutions had a net margin of 11.65% and a return on equity of 44.82%. The firm's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.23 earnings per share. Equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Thursday, June 12th were given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Thursday, June 12th. Broadridge Financial Solutions's payout ratio is 52.93%.

Insider Activity

In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 5,056 shares of Broadridge Financial Solutions stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $239.55, for a total transaction of $1,211,164.80. Following the transaction, the insider directly owned 21,167 shares in the company, valued at approximately $5,070,554.85. The trade was a 19.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Hope M. Jarkowski sold 1,068 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $235.22, for a total transaction of $251,214.96. Following the transaction, the insider owned 1,070 shares in the company, valued at approximately $251,685.40. This represents a 49.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,116 shares of company stock worth $4,352,298. 1.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BR. Royal Bank Of Canada restated an "outperform" rating and set a $259.00 price objective on shares of Broadridge Financial Solutions in a report on Monday, May 19th. Needham & Company LLC began coverage on Broadridge Financial Solutions in a report on Tuesday, May 6th. They set a "buy" rating and a $300.00 price objective for the company. Finally, Wall Street Zen upgraded Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Broadridge Financial Solutions presently has an average 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.