Second Half Financial Partners LLC Takes Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

Second Half Financial Partners LLC purchased a new position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,052 shares of the business services provider's stock, valued at approximately $464,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Aquatic Capital Management LLC bought a new stake in Broadridge Financial Solutions during the 4th quarter valued at $2,393,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Broadridge Financial Solutions during the fourth quarter valued at about $10,543,000. Virtus ETF Advisers LLC acquired a new stake in Broadridge Financial Solutions in the fourth quarter worth about $1,218,000. Coldstream Capital Management Inc. grew its position in Broadridge Financial Solutions by 8.3% in the 4th quarter. Coldstream Capital Management Inc. now owns 12,571 shares of the business services provider's stock valued at $2,842,000 after buying an additional 959 shares in the last quarter. Finally, Nebula Research & Development LLC acquired a new position in Broadridge Financial Solutions during the 4th quarter valued at about $553,000. Institutional investors and hedge funds own 90.03% of the company's stock.

Wall Street Analysts Forecast Growth

BR has been the subject of several recent analyst reports. DA Davidson reiterated a "neutral" rating and issued a $215.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. Morgan Stanley lifted their price target on Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an "equal weight" rating in a research report on Monday, February 3rd. StockNews.com lowered Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a report on Wednesday. UBS Group raised their target price on Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $241.00.

Insider Buying and Selling

In related news, VP Laura Matlin sold 514 shares of Broadridge Financial Solutions stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $241.60, for a total transaction of $124,182.40. Following the completion of the sale, the vice president now owns 6,602 shares of the company's stock, valued at approximately $1,595,043.20. This trade represents a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert N. Duelks sold 485 shares of the company's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $237.93, for a total value of $115,396.05. Following the completion of the transaction, the director now directly owns 4,960 shares in the company, valued at approximately $1,180,132.80. The trade was a 8.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 124,754 shares of company stock valued at $29,397,793. Corporate insiders own 1.30% of the company's stock.

Broadridge Financial Solutions Trading Up 2.2 %

BR traded up $5.04 during trading on Friday, reaching $233.05. The company had a trading volume of 298,640 shares, compared to its average volume of 530,683. The firm's 50-day simple moving average is $234.55 and its 200 day simple moving average is $231.13. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.35 and a current ratio of 1.35. The company has a market cap of $27.27 billion, a price-to-earnings ratio of 36.49 and a beta of 1.06. Broadridge Financial Solutions, Inc. has a 12-month low of $188.30 and a 12-month high of $247.01.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The business services provider reported $2.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.41 by $0.03. Broadridge Financial Solutions had a net margin of 11.36% and a return on equity of 44.40%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the business earned $2.23 earnings per share. The firm's revenue was up 5.0% compared to the same quarter last year. Equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 13th were given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.51%. The ex-dividend date was Thursday, March 13th. Broadridge Financial Solutions's payout ratio is 55.09%.

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.