3,873 Broadridge Financial Solutions, Inc. $BR Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp lessened its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 12.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 27,660 shares of the business services provider’s stock after selling 3,873 shares during the quarter. Boston Trust Walden Corp’s holdings in Broadridge Financial Solutions were worth $4,456,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in BR. Chicago Partners Investment Group LLC increased its holdings in Broadridge Financial Solutions by 115.5% in the third quarter. Chicago Partners Investment Group LLC now owns 7,318 shares of the business services provider’s stock valued at $1,341,000 after buying an additional 3,922 shares in the last quarter. Covestor Ltd raised its position in shares of Broadridge Financial Solutions by 19.8% in the third quarter. Covestor Ltd now owns 594 shares of the business services provider’s stock worth $96,000 after acquiring an additional 98 shares during the period. Mraz Amerine & Associates Inc. boosted its stake in shares of Broadridge Financial Solutions by 1.0% during the 3rd quarter. Mraz Amerine & Associates Inc. now owns 10,802 shares of the business services provider’s stock worth $1,740,000 after acquiring an additional 103 shares in the last quarter. Rakuten Investment Management Inc. boosted its stake in shares of Broadridge Financial Solutions by 8.5% during the 3rd quarter. Rakuten Investment Management Inc. now owns 20,959 shares of the business services provider’s stock worth $3,373,000 after acquiring an additional 1,634 shares in the last quarter. Finally, Provenance Wealth Advisors LLC increased its stake in shares of Broadridge Financial Solutions by 31,900.0% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 640 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 638 shares in the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Broadridge Financial Solutions Trading Down 1.9%

BR stock opened at $190.22 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.15. Broadridge Financial Solutions, Inc. has a 12-month low of $133.83 and a 12-month high of $233.10. The stock has a market cap of $21.48 billion, a price-to-earnings ratio of 21.02 and a beta of 0.90. The business’s 50-day moving average is $172.13 and its 200 day moving average is $165.85.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Tuesday, November 3rd. The business services provider reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.19. The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Broadridge Financial Solutions had a return on equity of 40.25% and a net margin of 15.04%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.51 earnings per share. On average, sell-side analysts anticipate that Broadridge Financial Solutions, Inc. will post 10.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Weiss Ratings raised Broadridge Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Morgan Stanley boosted their price objective on Broadridge Financial Solutions from $176.00 to $181.00 and gave the company an “equal weight” rating in a research report on Wednesday. UBS Group reaffirmed a “neutral” rating and set a $180.00 target price on shares of Broadridge Financial Solutions in a research note on Monday, August 17th. Royal Bank Of Canada lifted their price target on shares of Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an “outperform” rating in a research note on Monday, August 31st. Finally, DA Davidson reissued a “buy” rating and issued a $214.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, October 27th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Broadridge Financial Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $212.71.

Insider Buying and Selling

In other Broadridge Financial Solutions news, VP Thomas Carey sold 2,501 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $159.76, for a total value of $399,559.76. Following the transaction, the vice president owned 8,800 shares in the company, valued at approximately $1,405,888. This trade represents a 22.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 1.00% of the company’s stock.

Broadridge Financial Solutions Profile

Broadridge Financial Solutions, Inc (NYSE: BR) is a financial technology and business services company that provides communications, data, and technology solutions to financial institutions, public companies, and investors. Its services support the administration and communication of financial information across the investment lifecycle.

The company’s offerings include investor communications, proxy and corporate governance services, securities processing, trade and portfolio management, and technology platforms for wealth and investment management firms.