Courier Capital LLC Sells 150 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Courier Capital LLC lowered its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 11.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,139 shares of the business services provider’s stock after selling 150 shares during the quarter. Courier Capital LLC’s holdings in Broadridge Financial Solutions were worth $234,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tributary Capital Management LLC grew its position in Broadridge Financial Solutions by 1.6% during the 4th quarter. Tributary Capital Management LLC now owns 4,372 shares of the business services provider’s stock worth $900,000 after purchasing an additional 68 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Broadridge Financial Solutions by 0.6% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 11,633 shares of the business services provider’s stock worth $2,083,000 after purchasing an additional 69 shares during the period. Lantz Financial LLC grew its position in Broadridge Financial Solutions by 0.7% during the 4th quarter. Lantz Financial LLC now owns 10,933 shares of the business services provider’s stock worth $2,249,000 after purchasing an additional 73 shares during the period. Patriot Financial Group Insurance Agency LLC grew its position in Broadridge Financial Solutions by 4.3% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,974 shares of the business services provider’s stock worth $353,000 after purchasing an additional 82 shares during the period. Finally, Teamwork Financial Advisors LLC grew its position in Broadridge Financial Solutions by 2.3% during the 3rd quarter. Teamwork Financial Advisors LLC now owns 4,027 shares of the business services provider’s stock worth $721,000 after purchasing an additional 90 shares during the period. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Trading Up 1.1 %

Shares of BR opened at $203.88 on Thursday. Broadridge Financial Solutions, Inc. has a 52-week low of $139.35 and a 52-week high of $210.24. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.77. The firm’s fifty day moving average is $201.90 and its two-hundred day moving average is $192.19. The stock has a market cap of $24.01 billion, a PE ratio of 35.52 and a beta of 0.99.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Thursday, February 1st. The business services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. Broadridge Financial Solutions had a net margin of 10.82% and a return on equity of 41.12%. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the previous year, the company posted $0.91 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. Research analysts forecast that Broadridge Financial Solutions, Inc. will post 7.72 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 15th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $3.20 annualized dividend and a dividend yield of 1.57%. Broadridge Financial Solutions’s dividend payout ratio is presently 55.75%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Morgan Stanley increased their price target on Broadridge Financial Solutions from $175.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, December 8th. Raymond James raised their target price on Broadridge Financial Solutions from $205.00 to $214.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Evercore ISI restated an “outperform” rating and set a $230.00 target price on shares of Broadridge Financial Solutions in a research report on Tuesday. StockNews.com cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Royal Bank of Canada raised their target price on Broadridge Financial Solutions from $212.00 to $239.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $203.17.

Insider Transactions at Broadridge Financial Solutions

In other news, insider Douglas Richard Deschutter sold 12,200 shares of Broadridge Financial Solutions stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $204.71, for a total transaction of $2,497,462.00. Following the transaction, the insider now owns 32,480 shares in the company, valued at approximately $6,648,980.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, VP Thomas P. Carey sold 12,731 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $201.02, for a total value of $2,559,185.62. Following the sale, the vice president now directly owns 13,303 shares in the company, valued at approximately $2,674,169.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Douglas Richard Deschutter sold 12,200 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $204.71, for a total value of $2,497,462.00. Following the completion of the transaction, the insider now directly owns 32,480 shares of the company’s stock, valued at $6,648,980.80. The disclosure for this sale can be found here. Insiders have sold a total of 48,483 shares of company stock worth $9,745,637 in the last quarter. Company insiders own 1.60% 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.