Sei Investments Co. reduced its stake in shares of Broadridge Financial Solutions Inc. (NYSE:BR) by 9.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 253,311 shares of the company’s stock after selling 25,289 shares during the period. Sei Investments Co. owned approximately 0.21% of Broadridge Financial Solutions worth $17,172,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Mitchell Mcleod Pugh & Williams Inc. purchased a new stake in shares of Broadridge Financial Solutions during the second quarter valued at approximately $212,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Broadridge Financial Solutions during the second quarter valued at approximately $704,000. Capstone Asset Management Co. increased its stake in shares of Broadridge Financial Solutions by 11.0% in the second quarter. Capstone Asset Management Co. now owns 12,843 shares of the company’s stock valued at $837,000 after buying an additional 1,268 shares during the period. Creative Planning increased its stake in shares of Broadridge Financial Solutions by 4.8% in the second quarter. Creative Planning now owns 4,072 shares of the company’s stock valued at $265,000 after buying an additional 185 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of Broadridge Financial Solutions by 1,120.8% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 9,095 shares of the company’s stock valued at $593,000 after buying an additional 8,350 shares during the period. Institutional investors and hedge funds own 83.65% of the company’s stock.

Institutional Ownership by Quarter for Broadridge Financial Solutions (NYSE:BR)

Broadridge Financial Solutions Inc. (NYSE:BR) traded down 1.9417% on Wednesday, reaching $65.5912. 111,619 shares of the company’s stock traded hands. The firm has a market cap of $7.81 billion, a price-to-earnings ratio of 25.9254 and a beta of 1.10. The stock’s 50 day moving average is $64.38 and its 200 day moving average is $66.13. Broadridge Financial Solutions Inc. has a 52-week low of $48.56 and a 52-week high of $71.74.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Wednesday, November 9th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.38 by $0.02. Broadridge Financial Solutions had a return on equity of 34.10% and a net margin of 9.62%. The firm had revenue of $895 million for the quarter, compared to the consensus estimate of $880.41 million. During the same period in the previous year, the business earned $0.33 EPS. The firm’s revenue was up 50.4% compared to the same quarter last year. On average, equities research analysts predict that Broadridge Financial Solutions Inc. will post $3.12 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 4th. Investors of record on Wednesday, December 14th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.97%. The ex-dividend date is Monday, December 12th. Broadridge Financial Solutions’s payout ratio is 52.17%.

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Several brokerages recently commented on BR. Zacks Investment Research downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, September 6th. Atlantic Securities began coverage on shares of Broadridge Financial Solutions in a research report on Tuesday, September 13th. They issued an “overweight” rating and a $82.00 price target for the company. Sandler O’Neill downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating and set a $74.00 price target for the company. in a research report on Thursday, September 29th. Finally, Barclays PLC upped their price objective on shares of Broadridge Financial Solutions from $67.00 to $69.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 10th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $72.60.

In related news, insider Richard J. Daly sold 103,823 shares of Broadridge Financial Solutions stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $68.80, for a total transaction of $7,143,022.40. Following the transaction, the insider now owns 257,133 shares of the company’s stock, valued at approximately $17,690,750.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Leslie A. Brun sold 7,925 shares of Broadridge Financial Solutions stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $62.66, for a total transaction of $496,580.50. Following the transaction, the director now directly owns 30,622 shares in the company, valued at approximately $1,918,774.52. The disclosure for this sale can be found here. Corporate insiders own 3.50% of the company’s stock.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company’s segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment.

5 Day Chart for NYSE:BR

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