Oarsman Capital Inc. Reduces Stake in Broadridge Financial Solutions, Inc. (NYSE:BR)

Oarsman Capital Inc. cut its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 35.8% during the fourth quarter, HoldingsChannel reports. The firm owned 600 shares of the business services provider’s stock after selling 335 shares during the quarter. Oarsman Capital Inc.’s holdings in Broadridge Financial Solutions were worth $136,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of BR. FMR LLC lifted its position in Broadridge Financial Solutions by 9.7% in the third quarter. FMR LLC now owns 80,194 shares of the business services provider’s stock worth $17,244,000 after buying an additional 7,077 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Broadridge Financial Solutions by 4.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 4,840 shares of the business services provider’s stock worth $1,041,000 after acquiring an additional 200 shares during the last quarter. IHT Wealth Management LLC purchased a new position in shares of Broadridge Financial Solutions during the 3rd quarter worth about $288,000. Royal London Asset Management Ltd. grew its holdings in Broadridge Financial Solutions by 80.7% during the 3rd quarter. Royal London Asset Management Ltd. now owns 95,305 shares of the business services provider’s stock valued at $20,493,000 after purchasing an additional 42,556 shares during the last quarter. Finally, Quarry LP raised its position in Broadridge Financial Solutions by 656.6% in the 3rd quarter. Quarry LP now owns 802 shares of the business services provider’s stock worth $172,000 after purchasing an additional 696 shares during the period. 90.03% of the stock is owned by institutional investors.

Broadridge Financial Solutions Price Performance

BR opened at $225.19 on Friday. The company has a market capitalization of $26.35 billion, a price-to-earnings ratio of 35.24 and a beta of 1.06. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.64. Broadridge Financial Solutions, Inc. has a 12-month low of $188.30 and a 12-month high of $247.01. The business’s fifty day simple moving average is $237.48 and its 200-day simple moving average is $228.66.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business posted $0.92 EPS. On average, equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 13th were paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Thursday, March 13th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 55.09%.

Analyst Ratings Changes

Several analysts have issued reports on BR shares. Wolfe Research restated a “peer perform” rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. Morgan Stanley boosted their price objective on Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. upped their price objective on Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. UBS Group lifted their target price on Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Finally, StockNews.com cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, April 1st. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $241.00.

Insiders Place Their Bets

In related news, VP Laura Matlin sold 514 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $241.60, for a total transaction of $124,182.40. Following the completion of the transaction, the vice president now owns 6,602 shares in the company, valued at $1,595,043.20. The trade was a 7.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Timothy C. Gokey sold 95,956 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $235.43, for a total transaction of $22,590,921.08. Following the completion of the sale, the chief executive officer now owns 169,788 shares of the company’s stock, valued at approximately $39,973,188.84. This trade represents a 36.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 124,754 shares of company stock worth $29,397,793 over the last 90 days. Company 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.