Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Acquired by Park Place Capital Corp

Park Place Capital Corp lifted its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 31.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,831 shares of the business services provider’s stock after purchasing an additional 1,391 shares during the quarter. Park Place Capital Corp’s holdings in Broadridge Financial Solutions were worth $1,318,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Qsemble Capital Management LP purchased a new position in shares of Broadridge Financial Solutions in the third quarter worth about $1,412,000. Atria Investments Inc raised its stake in shares of Broadridge Financial Solutions by 9.7% in the third quarter. Atria Investments Inc now owns 29,638 shares of the business services provider’s stock worth $6,373,000 after purchasing an additional 2,610 shares during the last quarter. Horizon Kinetics Asset Management LLC purchased a new position in shares of Broadridge Financial Solutions in the third quarter worth about $483,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Broadridge Financial Solutions by 53.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,768 shares of the business services provider’s stock worth $2,434,000 after purchasing an additional 3,753 shares during the last quarter. Finally, Legacy Capital Wealth Partners LLC raised its stake in shares of Broadridge Financial Solutions by 82.7% in the third quarter. Legacy Capital Wealth Partners LLC now owns 7,107 shares of the business services provider’s stock worth $1,528,000 after purchasing an additional 3,216 shares during the last quarter. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Stock Down 0.3 %

Broadridge Financial Solutions stock opened at $232.80 on Wednesday. The stock has a market capitalization of $27.21 billion, a PE ratio of 40.28 and a beta of 1.08. Broadridge Financial Solutions, Inc. has a 12 month low of $188.30 and a 12 month high of $237.96. The business has a 50 day simple moving average of $229.66 and a 200-day simple moving average of $218.47. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.39 and a quick ratio of 1.39.

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

Broadridge Financial Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Friday, December 13th. Broadridge Financial Solutions’s dividend payout ratio is presently 60.90%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BR shares. Morgan Stanley lifted their price target on Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. DA Davidson reiterated a “neutral” rating and set a $215.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday. Wolfe Research reiterated a “peer perform” rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $246.00 price target on shares of Broadridge Financial Solutions in a research report on Wednesday, November 6th. Finally, StockNews.com cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $226.71.

Insiders Place Their Bets

In related news, insider Douglas Richard Deschutter sold 24,185 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $220.21, for a total value of $5,325,778.85. Following the sale, the insider now owns 27,137 shares in the company, valued at approximately $5,975,838.77. The trade was a 47.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas P. Carey sold 10,757 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $226.82, for a total value of $2,439,902.74. Following the completion of the sale, the vice president now owns 12,689 shares in the company, valued at $2,878,118.98. This represents a 45.88 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 54,532 shares of company stock valued at $12,264,846. Insiders own 1.30% of the company’s stock.

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.