D.A. Davidson & CO. decreased its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 35.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 18,069 shares of the business services provider’s stock after selling 9,933 shares during the quarter. D.A. Davidson & CO.’s holdings in Broadridge Financial Solutions were worth $2,080,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in BR. Squar Milner Financial Services LLC bought a new stake in Broadridge Financial Solutions during the 2nd quarter valued at approximately $109,000. Bartlett & Co. LLC boosted its stake in Broadridge Financial Solutions by 375.0% during the 2nd quarter. Bartlett & Co. LLC now owns 950 shares of the business services provider’s stock valued at $109,000 after purchasing an additional 750 shares during the period. Centaurus Financial Inc. bought a new stake in Broadridge Financial Solutions during the 1st quarter valued at approximately $116,000. Piedmont Investment Advisors LLC bought a new stake in Broadridge Financial Solutions during the 2nd quarter valued at approximately $154,000. Finally, Northstar Group Inc. bought a new stake in Broadridge Financial Solutions during the 2nd quarter valued at approximately $200,000. Hedge funds and other institutional investors own 84.08% of the company’s stock.

Shares of BR stock opened at $129.73 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.28 and a debt-to-equity ratio of 0.96. Broadridge Financial Solutions, Inc. has a 12 month low of $71.58 and a 12 month high of $131.21. The company has a market capitalization of $15.23 billion, a price-to-earnings ratio of 30.83, a PEG ratio of 2.88 and a beta of 0.79.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Tuesday, August 7th. The business services provider reported $1.86 EPS for the quarter, missing the Zacks’ consensus estimate of $1.87 by ($0.01). Broadridge Financial Solutions had a return on equity of 46.16% and a net margin of 9.88%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. equities research analysts forecast that Broadridge Financial Solutions, Inc. will post 4.6 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 3rd. Shareholders of record on Tuesday, September 18th will be given a $0.485 dividend. The ex-dividend date is Monday, September 17th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.50%. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.37. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 34.84%.

BR has been the subject of several recent analyst reports. ValuEngine downgraded Broadridge Financial Solutions from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 1st. Zacks Investment Research upgraded Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a research report on Thursday, May 10th. Sandler O’Neill reiterated a “hold” rating and issued a $130.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday. Finally, Wolfe Research started coverage on Broadridge Financial Solutions in a research report on Tuesday, July 17th. They issued a “market perform” rating for the company. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $107.50.

In other Broadridge Financial Solutions news, VP Julie R. Taylor sold 7,366 shares of the firm’s stock in a transaction that occurred on Wednesday, June 6th. The stock was sold at an average price of $118.36, for a total value of $871,839.76. Following the completion of the sale, the vice president now owns 11,262 shares in the company, valued at approximately $1,332,970.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Robert Schifellite sold 43,686 shares of the firm’s stock in a transaction that occurred on Wednesday, June 6th. The stock was sold at an average price of $118.70, for a total value of $5,185,528.20. Following the completion of the sale, the senior vice president now owns 125,533 shares of the company’s stock, valued at approximately $14,900,767.10. The disclosure for this sale can be found here. Insiders sold a total of 147,727 shares of company stock valued at $17,276,379 in the last quarter. Corporate insiders own 2.60% of the company’s stock.

Broadridge Financial Solutions Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry worldwide. 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 offers ProxyEdge, an electronic proxy delivery and voting solution.

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

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