Second Half Financial Partners LLC Decreases Stock Position in Broadridge Financial Solutions, Inc. $BR

Second Half Financial Partners LLC reduced its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 2.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,002 shares of the business services provider’s stock after selling 48 shares during the period. Second Half Financial Partners LLC’s holdings in Broadridge Financial Solutions were worth $487,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in BR. ORG Partners LLC raised its holdings in Broadridge Financial Solutions by 360.0% in the 2nd quarter. ORG Partners LLC now owns 115 shares of the business services provider’s stock worth $28,000 after acquiring an additional 90 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in Broadridge Financial Solutions during the 1st quarter valued at $29,000. Continuum Advisory LLC raised its stake in Broadridge Financial Solutions by 48.4% during the 1st quarter. Continuum Advisory LLC now owns 141 shares of the business services provider’s stock valued at $34,000 after buying an additional 46 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd raised its stake in Broadridge Financial Solutions by 450.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 143 shares of the business services provider’s stock valued at $35,000 after buying an additional 117 shares during the last quarter. Finally, Olde Wealth Management LLC purchased a new stake in Broadridge Financial Solutions during the 1st quarter valued at $36,000. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BR has been the subject of a number of research reports. Morgan Stanley boosted their target price on shares of Broadridge Financial Solutions from $222.00 to $261.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 6th. Wall Street Zen upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Needham & Company LLC boosted their target price on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Broadridge Financial Solutions in a research note on Wednesday. Finally, UBS Group boosted their price objective on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a “neutral” rating in a research report on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $261.50.

Broadridge Financial Solutions Trading Down 0.6%

Shares of BR stock opened at $232.81 on Friday. Broadridge Financial Solutions, Inc. has a 1 year low of $208.20 and a 1 year high of $271.91. The firm has a fifty day moving average price of $250.05 and a 200-day moving average price of $242.56. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $27.17 billion, a price-to-earnings ratio of 32.84 and a beta of 0.95.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data on Thursday, March 3rd. The business services provider reported $0.73 earnings per share (EPS) for the quarter. The firm had revenue of $1.05 billion during the quarter. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. As a group, equities analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were issued a $0.975 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $3.90 annualized dividend and a yield of 1.7%. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.88. Broadridge Financial Solutions’s payout ratio is currently 55.01%.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, President Christopher John Perry sold 7,036 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $262.72, for a total value of $1,848,497.92. Following the completion of the transaction, the president owned 48,813 shares of the company’s stock, valued at approximately $12,824,151.36. This represents a 12.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Timothy C. Gokey sold 84,571 shares of the company’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $259.53, for a total transaction of $21,948,711.63. Following the completion of the transaction, the chief executive officer directly owned 165,634 shares of the company’s stock, valued at $42,986,992.02. This represents a 33.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,532 shares of company stock valued at $38,417,208 in the last ninety days. 1.10% of the stock is currently owned by insiders.

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.