Zevenbergen Capital Investments LLC Purchases 130 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Zevenbergen Capital Investments LLC increased its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 0.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 34,140 shares of the business services provider’s stock after purchasing an additional 130 shares during the period. Zevenbergen Capital Investments LLC’s holdings in Broadridge Financial Solutions were worth $7,719,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BR. Congress Wealth Management LLC DE increased its holdings in shares of Broadridge Financial Solutions by 4.3% during the fourth quarter. Congress Wealth Management LLC DE now owns 77,242 shares of the business services provider’s stock worth $17,464,000 after buying an additional 3,151 shares in the last quarter. Vanguard Group Inc. increased its holdings in Broadridge Financial Solutions by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 14,294,766 shares of the business services provider’s stock worth $3,231,904,000 after purchasing an additional 74,674 shares in the last quarter. LPL Financial LLC raised its position in Broadridge Financial Solutions by 3.3% in the fourth quarter. LPL Financial LLC now owns 279,536 shares of the business services provider’s stock valued at $63,200,000 after purchasing an additional 9,056 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Broadridge Financial Solutions during the fourth quarter valued at about $9,164,000. Finally, Sei Investments Co. grew its holdings in shares of Broadridge Financial Solutions by 2.6% during the fourth quarter. Sei Investments Co. now owns 30,034 shares of the business services provider’s stock worth $6,790,000 after purchasing an additional 763 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Broadridge Financial Solutions

In related news, VP Laura Matlin sold 514 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $241.60, for a total transaction of $124,182.40. Following the transaction, the vice president now directly owns 6,602 shares of the company’s stock, valued at approximately $1,595,043.20. This trade represents a 7.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, President Christopher John Perry sold 22,357 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $235.23, for a total transaction of $5,259,037.11. Following the transaction, the president now owns 52,524 shares in the company, valued at $12,355,220.52. The trade was a 29.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 124,754 shares of company stock valued at $29,397,793 over the last three months. 1.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on BR. Morgan Stanley lifted their target price on Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. UBS Group increased their price target on Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. StockNews.com upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, March 8th. DA Davidson reiterated a “neutral” rating and set a $215.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Broadridge Financial Solutions in a report on Thursday, December 12th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $239.17.

Broadridge Financial Solutions Price Performance

NYSE BR opened at $233.03 on Monday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.64. The company has a market cap of $27.27 billion, a PE ratio of 36.47 and a beta of 1.05. Broadridge Financial Solutions, Inc. has a 52 week low of $188.30 and a 52 week high of $246.58. The firm’s 50-day simple moving average is $236.05 and its two-hundred day simple moving average is $226.84.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Friday, January 31st. The business services provider reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.24. Broadridge Financial Solutions had a net margin of 11.36% and a return on equity of 44.40%. During the same quarter in the previous year, the company posted $0.92 EPS. Research analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th will be given a dividend of $0.88 per share. The ex-dividend date is Thursday, March 13th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.51%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 55.09%.

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.