Vinva Investment Management Ltd Buys 2,269 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Vinva Investment Management Ltd grew its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 50.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,771 shares of the business services provider’s stock after purchasing an additional 2,269 shares during the quarter. Vinva Investment Management Ltd’s holdings in Broadridge Financial Solutions were worth $1,436,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale grew its position in Broadridge Financial Solutions by 5.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 55,494 shares of the business services provider’s stock worth $11,329,000 after buying an additional 2,685 shares in the last quarter. Atria Investments Inc lifted its position in shares of Broadridge Financial Solutions by 9.7% during the 3rd quarter. Atria Investments Inc now owns 29,638 shares of the business services provider’s stock valued at $6,373,000 after acquiring an additional 2,610 shares during the period. BDF Gestion acquired a new stake in shares of Broadridge Financial Solutions during the 2nd quarter worth $3,954,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Broadridge Financial Solutions by 22.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 36,504 shares of the business services provider’s stock worth $7,191,000 after purchasing an additional 6,690 shares during the period. Finally, Legacy Capital Wealth Partners LLC raised its stake in Broadridge Financial Solutions by 82.7% in the third quarter. Legacy Capital Wealth Partners LLC now owns 7,107 shares of the business services provider’s stock valued at $1,528,000 after purchasing an additional 3,216 shares in the last quarter. Institutional investors own 90.03% of the company’s stock.

Insider Activity

In other news, Director Maura A. Markus sold 3,880 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $227.02, for a total value of $880,837.60. Following the completion of the sale, the director now owns 27,788 shares of the company’s stock, valued at approximately $6,308,431.76. This represents a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Christopher John Perry sold 17,534 shares of Broadridge Financial Solutions stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $213.41, for a total value of $3,741,930.94. Following the completion of the transaction, the president now directly owns 50,237 shares in the company, valued at approximately $10,721,078.17. This represents a 25.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 78,294 shares of company stock valued at $16,944,095. Insiders own 1.30% of the company’s stock.

Broadridge Financial Solutions Trading Up 0.1 %

NYSE BR opened at $236.02 on Friday. Broadridge Financial Solutions, Inc. has a twelve month low of $188.30 and a twelve month high of $237.74. The business’s fifty day moving average is $219.51 and its 200 day moving average is $210.20. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.63. The company has a market cap of $27.59 billion, a price-to-earnings ratio of 40.83 and a beta of 1.05.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Tuesday, November 5th. The business services provider reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the firm posted $1.09 earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. As a group, sell-side analysts expect that Broadridge Financial Solutions, Inc. will post 8.52 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.49%. The ex-dividend date is Friday, December 13th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 60.90%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BR. UBS Group began coverage on shares of Broadridge Financial Solutions in a research note on Thursday, November 21st. They set a “neutral” rating and a $250.00 price objective on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $246.00 price objective on shares of Broadridge Financial Solutions in a research note on Wednesday, November 6th. JPMorgan Chase & Co. boosted their price objective on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. StockNews.com downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, November 9th. Finally, Morgan Stanley boosted their price target on Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $222.43.

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.