Sepio Capital LP Sells 45 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Sepio Capital LP lessened its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,934 shares of the business services provider’s stock after selling 45 shares during the quarter. Sepio Capital LP’s holdings in Broadridge Financial Solutions were worth $663,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of BR. Waterloo Capital L.P. boosted its stake in Broadridge Financial Solutions by 5.3% during the fourth quarter. Waterloo Capital L.P. now owns 8,123 shares of the business services provider’s stock valued at $1,837,000 after buying an additional 411 shares during the period. Mirabaud Asset Management Ltd boosted its position in shares of Broadridge Financial Solutions by 7.9% during the 4th quarter. Mirabaud Asset Management Ltd now owns 8,607 shares of the business services provider’s stock valued at $1,941,000 after acquiring an additional 629 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Broadridge Financial Solutions by 9.2% during the fourth quarter. Russell Investments Group Ltd. now owns 76,135 shares of the business services provider’s stock worth $17,205,000 after purchasing an additional 6,430 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Broadridge Financial Solutions by 12.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 714,545 shares of the business services provider’s stock worth $161,552,000 after purchasing an additional 81,737 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Broadridge Financial Solutions in the fourth quarter valued at approximately $337,000. 90.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. UBS Group raised 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. DA Davidson restated a “neutral” rating and set a $215.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, January 21st. JPMorgan Chase & Co. increased 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. Royal Bank of Canada boosted their target price on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an “outperform” 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 research report on Tuesday, April 1st. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $241.00.

Broadridge Financial Solutions Price Performance

BR opened at $225.19 on Monday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.35. The stock’s 50 day simple moving average is $237.48 and its 200 day simple moving average is $228.80. The firm has a market cap of $26.35 billion, a price-to-earnings ratio of 35.24 and a beta of 1.06. Broadridge Financial Solutions, Inc. has a 1 year low of $188.30 and a 1 year high of $247.01.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Friday, January 31st. The business services provider reported $1.56 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 period in the prior year, the business earned $0.92 EPS. As a group, 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 announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th were issued a dividend of $0.88 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.56%. Broadridge Financial Solutions’s dividend payout ratio is currently 55.09%.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey sold 95,956 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $235.43, for a total value of $22,590,921.08. Following the completion of the sale, the chief executive officer now owns 169,788 shares in the company, valued at approximately $39,973,188.84. This trade represents a 36.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Christopher John Perry sold 22,357 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $235.23, for a total value of $5,259,037.11. Following the transaction, the president now directly owns 52,524 shares in the company, valued at $12,355,220.52. This trade represents a 29.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 124,754 shares of company stock worth $29,397,793. Company insiders own 1.30% of the company’s stock.

About Broadridge Financial Solutions

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.