Driehaus Capital Management LLC reduced its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 33.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,058 shares of the business services provider’s stock after selling 1,506 shares during the period. Driehaus Capital Management LLC’s holdings in Broadridge Financial Solutions were worth $208,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of BR. First National Bank of Omaha raised its stake in Broadridge Financial Solutions by 99.8% in the first quarter. First National Bank of Omaha now owns 155,074 shares of the business services provider’s stock worth $8,830,000 after buying an additional 77,461 shares in the last quarter. Bank of Montreal Can increased its position in Broadridge Financial Solutions by 5.2% in the first quarter. Bank of Montreal Can now owns 28,320 shares of the business services provider’s stock worth $1,923,000 after buying an additional 1,397 shares during the last quarter. Pennsylvania Trust Co increased its position in Broadridge Financial Solutions by 0.4% in the first quarter. Pennsylvania Trust Co now owns 122,137 shares of the business services provider’s stock worth $8,299,000 after buying an additional 479 shares during the last quarter. Gulf International Bank UK Ltd increased its position in Broadridge Financial Solutions by 0.9% in the first quarter. Gulf International Bank UK Ltd now owns 34,900 shares of the business services provider’s stock worth $2,371,000 after buying an additional 300 shares during the last quarter. Finally, Creative Planning increased its position in shares of Broadridge Financial Solutions by 2.3% in the first quarter. Creative Planning now owns 6,368 shares of the business services provider’s stock valued at $433,000 after buying an additional 144 shares in the last quarter. Institutional investors own 85.22% of the company’s stock.

Broadridge Financial Solutions, Inc. (BR) traded up 0.83% during mid-day trading on Thursday, reaching $76.34. 363,079 shares of the company were exchanged. The stock’s 50-day moving average price is $75.52 and its 200-day moving average price is $71.08. Broadridge Financial Solutions, Inc. has a 1-year low of $59.86 and a 1-year high of $78.00. The stock has a market capitalization of $8.98 billion, a price-to-earnings ratio of 29.94 and a beta of 0.99.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Wednesday, May 10th. The business services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.10. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $997.65 million. Broadridge Financial Solutions had a return on equity of 34.74% and a net margin of 8.21%. Broadridge Financial Solutions’s revenue was up 46.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.58 EPS. On average, equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post $3.12 EPS for the current fiscal year.

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BR has been the topic of several recent analyst reports. BidaskClub cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Monday. Zacks Investment Research upgraded shares of Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a research report on Monday, April 10th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $75.00.

In other news, insider Charles J. Marchesani sold 20,473 shares of Broadridge Financial Solutions stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $73.61, for a total value of $1,507,017.53. Following the completion of the transaction, the insider now owns 32,328 shares in the company, valued at approximately $2,379,664.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Schifellite sold 76,666 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $75.98, for a total value of $5,825,082.68. Following the sale, the insider now owns 105,042 shares of the company’s stock, valued at approximately $7,981,091.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 323,032 shares of company stock valued at $24,016,648. 3.50% of the stock is currently owned by corporate insiders.

Broadridge Financial Solutions Company Profile

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.

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

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