UNIVEST FINANCIAL Corp Sells 5,585 Shares of Broadridge Financial Solutions, Inc. $BR

UNIVEST FINANCIAL Corp lowered its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 10.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,446 shares of the business services provider’s stock after selling 5,585 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Broadridge Financial Solutions were worth $8,127,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BR. Jacobi Capital Management LLC grew its stake in Broadridge Financial Solutions by 1.3% in the 3rd quarter. Jacobi Capital Management LLC now owns 7,108 shares of the business services provider’s stock valued at $1,145,000 after purchasing an additional 94 shares during the period. First Command Advisory Services Inc. increased its position in shares of Broadridge Financial Solutions by 496.7% during the 3rd quarter. First Command Advisory Services Inc. now owns 179 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 149 shares during the last quarter. Moneco Advisors LLC increased its position in shares of Broadridge Financial Solutions by 7.8% during the 3rd quarter. Moneco Advisors LLC now owns 2,405 shares of the business services provider’s stock valued at $387,000 after purchasing an additional 174 shares during the last quarter. Lido Advisors LLC raised its stake in shares of Broadridge Financial Solutions by 126.4% during the 3rd quarter. Lido Advisors LLC now owns 13,444 shares of the business services provider’s stock worth $2,167,000 after purchasing an additional 7,506 shares during the period. Finally, Gen Wealth Partners Inc raised its stake in shares of Broadridge Financial Solutions by 42.4% during the 3rd quarter. Gen Wealth Partners Inc now owns 6,937 shares of the business services provider’s stock worth $1,118,000 after purchasing an additional 2,065 shares during the period. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Down 0.1%

Broadridge Financial Solutions stock opened at $192.79 on Thursday. The firm has a 50 day simple moving average of $172.76 and a 200 day simple moving average of $165.62. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.28. Broadridge Financial Solutions, Inc. has a 1-year low of $133.83 and a 1-year high of $233.10. The firm has a market capitalization of $21.81 billion, a price-to-earnings ratio of 21.30 and a beta of 0.90.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Tuesday, November 3rd. The business services provider reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.19. Broadridge Financial Solutions had a return on equity of 40.32% and a net margin of 13.94%. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the business posted $1.51 earnings per share. The business’s quarterly revenue was up 5.0% on a year-over-year basis. On average, analysts predict that Broadridge Financial Solutions, Inc. will post 10.58 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 11th. Investors of record on Thursday, December 10th will be paid a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Thursday, December 10th. Broadridge Financial Solutions’s payout ratio is presently 48.18%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on BR shares. JPMorgan Chase & Co. increased their price target on shares of Broadridge Financial Solutions from $191.00 to $201.00 and gave the company a “neutral” rating in a research report on Wednesday, November 4th. Morgan Stanley lifted their price objective on shares of Broadridge Financial Solutions from $176.00 to $181.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 4th. Weiss Ratings raised shares of Broadridge Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. DA Davidson reiterated a “buy” rating and issued a $214.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, October 27th. Finally, Royal Bank Of Canada increased their target price on shares of Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an “outperform” rating in a research report on Monday, August 31st. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $212.71.

Insider Transactions at Broadridge Financial Solutions

In related news, VP Thomas Carey sold 2,501 shares of the stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $159.76, for a total transaction of $399,559.76. Following the sale, the vice president owned 8,800 shares of the company’s stock, valued at approximately $1,405,888. This represents a 22.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.00% of the company’s stock.

About Broadridge Financial Solutions

Broadridge Financial Solutions provides technology and operations services to financial institutions, public companies, and investors. Its platforms support investor communications, corporate governance, and the processing of financial transactions. The company’s services include preparing and distributing proxy materials and other shareholder communications, supporting shareholder voting, and providing solutions for trading, clearing, settlement, and asset servicing. Broadridge also offers technology for wealth and investment management, including portfolio and account management, data, and regulatory reporting.