Ninety One UK Ltd Has $119.11 Million Stock Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Ninety One UK Ltd reduced its stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 3.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 578,892 shares of the business services provider's stock after selling 21,709 shares during the period. Ninety One UK Ltd owned approximately 0.49% of Broadridge Financial Solutions worth $119,107,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of BR. OFI Invest Asset Management purchased a new stake in Broadridge Financial Solutions during the third quarter worth about $25,000. Money Concepts Capital Corp increased its stake in Broadridge Financial Solutions by 400.0% during the fourth quarter. Money Concepts Capital Corp now owns 195 shares of the business services provider's stock worth $26,000 after purchasing an additional 156 shares during the period. Resurgent Financial Advisors LLC purchased a new stake in Broadridge Financial Solutions during the fourth quarter worth about $27,000. Headinvest LLC acquired a new position in shares of Broadridge Financial Solutions during the third quarter worth about $32,000. Finally, First Command Advisory Services Inc. acquired a new position in shares of Broadridge Financial Solutions during the third quarter worth about $34,000. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BR shares. Evercore ISI reissued an "outperform" rating and set a $230.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, March 26th. StockNews.com raised Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research report on Friday, April 12th. Royal Bank of Canada boosted their price objective on Broadridge Financial Solutions from $212.00 to $239.00 and gave the stock an "outperform" rating in a research report on Friday, February 2nd. DA Davidson reissued a "neutral" rating and set a $185.00 price objective on shares of Broadridge Financial Solutions in a research report on Wednesday, April 10th. Finally, Raymond James upped their price target on Broadridge Financial Solutions from $205.00 to $214.00 and gave the company an "outperform" rating in a report on Friday, February 2nd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Broadridge Financial Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $206.67.

Broadridge Financial Solutions Stock Performance

NYSE BR traded down $0.47 on Thursday, reaching $192.98. The stock had a trading volume of 391,863 shares, compared to its average volume of 516,849. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.40 and a current ratio of 1.40. Broadridge Financial Solutions, Inc. has a 12-month low of $139.52 and a 12-month high of $210.24. The business's 50-day moving average price is $200.96 and its 200 day moving average price is $193.89. The stock has a market cap of $22.73 billion, a P/E ratio of 33.60 and a beta of 0.99.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its quarterly earnings data on Thursday, February 1st. The business services provider reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.03. Broadridge Financial Solutions had a return on equity of 41.12% and a net margin of 10.82%. The company had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.40 billion. During the same quarter in the previous year, the business earned $0.91 earnings per share. The firm's revenue for the quarter was up 8.7% on a year-over-year basis. As a group, equities analysts expect that Broadridge Financial Solutions, Inc. will post 7.72 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Thursday, March 14th. Broadridge Financial Solutions's dividend payout ratio is currently 55.75%.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, Director Robert N. Duelks sold 830 shares of the company's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $201.58, for a total transaction of $167,311.40. Following the completion of the sale, the director now owns 5,445 shares in the company, valued at $1,097,603.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Robert N. Duelks sold 830 shares of the company's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $201.58, for a total transaction of $167,311.40. Following the completion of the sale, the director now owns 5,445 shares in the company, valued at $1,097,603.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas P. Carey sold 12,731 shares of the company's stock in a transaction that occurred on 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 sale, the vice president now owns 13,303 shares of the company's stock, valued at approximately $2,674,169.06. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,483 shares of company stock worth $9,745,637. 1.60% of the stock is owned by insiders.

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.