Crown Oak Advisors LLC Invests $7.03 Million in Broadridge Financial Solutions, Inc. (NYSE:BR)

Crown Oak Advisors LLC purchased a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 34,179 shares of the business services provider's stock, valued at approximately $7,032,000. Broadridge Financial Solutions makes up about 4.1% of Crown Oak Advisors LLC's investment portfolio, making the stock its 13th biggest position.

Several other institutional investors have also bought and sold shares of the business. OFI Invest Asset Management purchased a new stake in Broadridge Financial Solutions during the 3rd quarter valued at $25,000. Money Concepts Capital Corp raised its stake in shares of Broadridge Financial Solutions by 400.0% in the fourth quarter. Money Concepts Capital Corp now owns 195 shares of the business services provider's stock valued at $26,000 after acquiring an additional 156 shares during the period. Resurgent Financial Advisors LLC bought a new stake in shares of Broadridge Financial Solutions in the 4th quarter worth about $27,000. Headinvest LLC purchased a new position in shares of Broadridge Financial Solutions during the 3rd quarter worth about $32,000. Finally, First Command Advisory Services Inc. bought a new position in Broadridge Financial Solutions during the 3rd quarter valued at about $34,000. Institutional investors own 90.03% of the company's stock.

Insider Activity

In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 12,731 shares of Broadridge Financial Solutions stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $201.02, for a total value of $2,559,185.62. Following the transaction, the vice president now directly owns 13,303 shares of the company's stock, valued at $2,674,169.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 12,731 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $201.02, for a total value of $2,559,185.62. Following the completion of the sale, the vice president now directly owns 13,303 shares in the company, valued at $2,674,169.06. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Douglas Richard Deschutter sold 22,722 shares of the business's stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $199.00, for a total value of $4,521,678.00. Following the sale, the insider now owns 44,680 shares in the company, valued at approximately $8,891,320. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 48,483 shares of company stock worth $9,745,637. Corporate insiders own 1.60% of the company's stock.

Broadridge Financial Solutions Stock Down 1.0 %

Shares of BR traded down $1.92 during mid-day trading on Friday, hitting $198.83. The company's stock had a trading volume of 400,129 shares, compared to its average volume of 390,001. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.77. The company's 50-day moving average is $201.21 and its 200-day moving average is $193.60. Broadridge Financial Solutions, Inc. has a 52-week low of $139.52 and a 52-week high of $210.24. The firm has a market capitalization of $23.42 billion, a price-to-earnings ratio of 34.64 and a beta of 0.99.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its earnings results on Thursday, February 1st. The business services provider reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.03. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.40 billion. Broadridge Financial Solutions had a return on equity of 41.12% and a net margin of 10.82%. Broadridge Financial Solutions's revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 earnings per share. On average, equities research analysts forecast that Broadridge Financial Solutions, Inc. will post 7.72 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Thursday, March 14th. Broadridge Financial Solutions's payout ratio is 55.75%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BR. DA Davidson restated a "neutral" rating and set a $185.00 target price on shares of Broadridge Financial Solutions in a research report on Wednesday. Evercore ISI reiterated an "outperform" rating and issued a $230.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, March 26th. StockNews.com upgraded Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research report on Friday. Royal Bank of Canada upped their price target on shares of Broadridge Financial Solutions from $212.00 to $239.00 and gave the stock an "outperform" rating in a report on Friday, February 2nd. Finally, Raymond James lifted their price objective on shares of Broadridge Financial Solutions from $205.00 to $214.00 and gave the company an "outperform" rating in a report on Friday, February 2nd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $206.67.

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.