Schonfeld Strategic Advisors LLC Acquires Shares of 5,905 Broadridge Financial Solutions, Inc. (NYSE:BR)

Schonfeld Strategic Advisors LLC bought a new position 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 fund bought 5,905 shares of the business services provider's stock, valued at approximately $1,335,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Adero Partners LLC increased its stake in shares of Broadridge Financial Solutions by 2.5% in the fourth quarter. Adero Partners LLC now owns 1,837 shares of the business services provider's stock valued at $415,000 after buying an additional 45 shares during the period. Sunburst Financial Group LLC grew its stake in Broadridge Financial Solutions by 4.8% in the fourth quarter. Sunburst Financial Group LLC now owns 1,011 shares of the business services provider's stock valued at $229,000 after acquiring an additional 46 shares during the period. Nicolet Advisory Services LLC increased its holdings in shares of Broadridge Financial Solutions by 4.8% during the fourth quarter. Nicolet Advisory Services LLC now owns 1,010 shares of the business services provider's stock valued at $224,000 after acquiring an additional 46 shares in the last quarter. Advisors Capital Management LLC lifted its holdings in shares of Broadridge Financial Solutions by 3.5% in the 4th quarter. Advisors Capital Management LLC now owns 1,440 shares of the business services provider's stock worth $326,000 after purchasing an additional 49 shares in the last quarter. Finally, Foundations Investment Advisors LLC grew its position in Broadridge Financial Solutions by 3.5% in the 4th quarter. Foundations Investment Advisors LLC now owns 1,528 shares of the business services provider's stock valued at $345,000 after purchasing an additional 52 shares during the period. Institutional investors and hedge funds own 90.03% of the company's stock.

Broadridge Financial Solutions Stock Performance

BR traded up $0.92 on Friday, hitting $236.92. The company's stock had a trading volume of 400,569 shares, compared to its average volume of 531,996. The company's 50 day simple moving average is $233.94 and its 200-day simple moving average is $231.78. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.64. Broadridge Financial Solutions, Inc. has a 12 month low of $192.68 and a 12 month high of $247.01. The firm has a market cap of $27.83 billion, a P/E ratio of 37.08 and a beta of 0.98.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.86 billion. Broadridge Financial Solutions had a net margin of 11.36% and a return on equity of 44.40%. Broadridge Financial Solutions's revenue was up 5.0% compared to the same quarter last year. During the same period last year, the business earned $2.23 earnings per share. Analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, Director Robert N. Duelks sold 485 shares of the business's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $237.93, for a total value of $115,396.05. Following the completion of the sale, the director now directly owns 4,960 shares of the company's stock, valued at $1,180,132.80. The trade was a 8.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Timothy C. Gokey sold 95,956 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $235.43, for a total value of $22,590,921.08. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 119,866 shares of company stock valued at $28,216,569. 1.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on BR shares. StockNews.com upgraded Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Friday. DA Davidson reissued a "neutral" rating and set a $215.00 target price on shares of Broadridge Financial Solutions in a research report on Tuesday, January 21st. Needham & Company LLC assumed coverage on Broadridge Financial Solutions in a research report on Tuesday. They set a "buy" rating and a $300.00 price target for the company. JPMorgan Chase & Co. upped their price objective on Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Finally, Morgan Stanley lifted their price objective on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an "equal weight" rating in a research report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus 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.