Keystone Financial Services Sells 334 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Keystone Financial Services lowered its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 21.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,226 shares of the business services provider’s stock after selling 334 shares during the period. Keystone Financial Services’ holdings in Broadridge Financial Solutions were worth $264,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quantbot Technologies LP purchased a new stake in Broadridge Financial Solutions during the first quarter valued at about $641,000. Empowered Funds LLC lifted its holdings in shares of Broadridge Financial Solutions by 32.4% in the 1st quarter. Empowered Funds LLC now owns 1,922 shares of the business services provider’s stock worth $394,000 after acquiring an additional 470 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Broadridge Financial Solutions in the 1st quarter valued at $981,000. Sei Investments Co. grew its holdings in shares of Broadridge Financial Solutions by 4.1% during the 1st quarter. Sei Investments Co. now owns 19,637 shares of the business services provider’s stock valued at $4,021,000 after purchasing an additional 779 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Broadridge Financial Solutions during the first quarter valued at about $260,000. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on BR. JPMorgan Chase & Co. increased their price objective on Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. StockNews.com lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday. Morgan Stanley upped their target price on Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $246.00 price objective on shares of Broadridge Financial Solutions in a report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $217.83.

Broadridge Financial Solutions Stock Performance

Shares of BR opened at $226.21 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.39 and a debt-to-equity ratio of 1.63. The stock has a market cap of $26.44 billion, a P/E ratio of 39.14 and a beta of 1.05. The business’s 50 day moving average price is $214.56 and its 200-day moving average price is $207.28. Broadridge Financial Solutions, Inc. has a 52 week low of $176.29 and a 52 week high of $228.06.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Tuesday, November 5th. The business services provider reported $1.00 EPS for the quarter, topping the consensus estimate of $0.97 by $0.03. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.09 earnings per share. Equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, President Christopher John Perry sold 31,539 shares of Broadridge Financial Solutions stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $207.37, for a total value of $6,540,242.43. Following the completion of the sale, the president now owns 67,215 shares of the company’s stock, valued at approximately $13,938,374.55. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Douglas Richard Deschutter sold 24,185 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $220.21, for a total transaction of $5,325,778.85. Following the completion of the transaction, the insider now directly owns 27,137 shares of the company’s stock, valued at $5,975,838.77. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Christopher John Perry sold 31,539 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $207.37, for a total transaction of $6,540,242.43. Following the completion of the sale, the president now owns 67,215 shares in the company, valued at $13,938,374.55. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 157,898 shares of company stock worth $33,293,234. Corporate insiders own 1.30% 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. 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.