Axxcess Wealth Management LLC Purchases Shares of 22,225 Broadridge Financial Solutions, Inc. (NYSE:BR)

Axxcess Wealth Management LLC bought a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 22,225 shares of the business services provider's stock, valued at approximately $4,573,000.

A number of other institutional investors have also recently modified their holdings of BR. OFI Invest Asset Management acquired a new stake in shares of Broadridge Financial Solutions in the third quarter valued at about $25,000. Headinvest LLC acquired a new position in shares of Broadridge Financial Solutions during the third quarter valued at approximately $32,000. First Command Advisory Services Inc. purchased a new position in shares of Broadridge Financial Solutions in the third quarter valued at approximately $34,000. Stuart Chaussee & Associates Inc. acquired a new stake in shares of Broadridge Financial Solutions in the fourth quarter worth approximately $34,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Broadridge Financial Solutions during the third quarter worth approximately $37,000. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on BR. Raymond James raised their price objective on Broadridge Financial Solutions from $205.00 to $214.00 and gave the company an "outperform" rating in a report on Friday, February 2nd. Evercore ISI reiterated an "outperform" rating and issued a $230.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, March 26th. DA Davidson restated a "neutral" rating and set a $185.00 target price on shares of Broadridge Financial Solutions in a report on Wednesday, April 10th. StockNews.com upgraded Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Royal Bank of Canada lifted 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. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Broadridge Financial Solutions presently has an average rating of "Moderate Buy" and an average price target of $206.67.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, insider Douglas Richard Deschutter sold 22,722 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $199.00, for a total transaction of $4,521,678.00. Following the completion of the transaction, the insider now owns 44,680 shares of the company's stock, valued at approximately $8,891,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Douglas Richard Deschutter sold 22,722 shares of the business's stock in a transaction on 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction, the vice president now directly owns 13,303 shares in the company, valued at approximately $2,674,169.06. The disclosure for this sale can be found here. Insiders sold a total of 48,483 shares of company stock worth $9,745,637 over the last three months. Insiders own 1.60% of the company's stock.

Broadridge Financial Solutions Trading Up 1.8 %

Shares of BR stock traded up $3.50 during trading on Friday, hitting $198.85. 437,685 shares of the stock traded hands, compared to its average volume of 388,730. The firm has a market capitalization of $23.42 billion, a P/E ratio of 34.64 and a beta of 0.98. Broadridge Financial Solutions, Inc. has a 52-week low of $144.54 and a 52-week high of $210.24. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.40 and a quick ratio of 1.40. The firm's fifty day moving average price is $200.27 and its 200-day moving average price is $195.07.

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

Broadridge Financial Solutions Announces Dividend

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

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.