Buckhead Capital Management LLC Reduces Stock Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

Buckhead Capital Management LLC cut its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,494 shares of the business services provider’s stock after selling 119 shares during the period. Buckhead Capital Management LLC’s holdings in Broadridge Financial Solutions were worth $1,920,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. MGB Wealth Management LLC increased its position in Broadridge Financial Solutions by 3.1% during the fourth quarter. MGB Wealth Management LLC now owns 3,770 shares of the business services provider’s stock valued at $852,000 after acquiring an additional 115 shares during the last quarter. One Plus One Wealth Management LLC grew its stake in shares of Broadridge Financial Solutions by 32.2% during the 4th quarter. One Plus One Wealth Management LLC now owns 1,624 shares of the business services provider’s stock valued at $367,000 after purchasing an additional 396 shares during the period. Van ECK Associates Corp increased its position in shares of Broadridge Financial Solutions by 1.3% during the 4th quarter. Van ECK Associates Corp now owns 21,244 shares of the business services provider’s stock valued at $4,803,000 after purchasing an additional 277 shares during the last quarter. Kentucky Trust Co purchased a new stake in shares of Broadridge Financial Solutions during the 4th quarter valued at about $68,000. Finally, Strengthening Families & Communities LLC lifted its stake in shares of Broadridge Financial Solutions by 1.8% in the 4th quarter. Strengthening Families & Communities LLC now owns 12,767 shares of the business services provider’s stock worth $2,886,000 after purchasing an additional 226 shares during the period. 90.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on BR. StockNews.com lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. UBS Group boosted their price objective on shares of Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Royal Bank of Canada raised their target price on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Wolfe Research reiterated a “peer perform” rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. Finally, Morgan Stanley upped their price target on Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $239.17.

Insiders Place Their Bets

In other news, VP Laura Matlin sold 514 shares of Broadridge Financial Solutions stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $241.60, for a total value of $124,182.40. Following the sale, the vice president now directly owns 6,602 shares of the company’s stock, valued at approximately $1,595,043.20. The trade was a 7.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Brett Keller sold 5,442 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $240.40, for a total value of $1,308,256.80. Following the completion of the sale, the director now owns 15,536 shares in the company, valued at $3,734,854.40. This represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,666 shares of company stock worth $5,050,766 in the last three months. 1.30% of the stock is owned by company insiders.

Broadridge Financial Solutions Stock Up 0.1 %

Shares of BR stock opened at $242.70 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.39. Broadridge Financial Solutions, Inc. has a one year low of $188.30 and a one year high of $243.63. The company’s fifty day moving average price is $232.39 and its 200-day moving average price is $222.32. The company has a market capitalization of $28.40 billion, a price-to-earnings ratio of 37.98 and a beta of 1.08.

Broadridge Financial Solutions (NYSE:BR) last posted 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 return on equity of 44.40% and a net margin of 11.36%. During the same quarter in the previous year, the firm earned $0.92 EPS. Sell-side analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 13th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $3.52 dividend on an annualized basis and a yield of 1.45%. Broadridge Financial Solutions’s dividend payout ratio is presently 55.09%.

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.