Holocene Advisors LP Boosts Stake in Broadridge Financial Solutions, Inc. (NYSE:BR)

Holocene Advisors LP grew its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 440.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,709 shares of the business services provider’s stock after buying an additional 17,692 shares during the period. Holocene Advisors LP’s holdings in Broadridge Financial Solutions were worth $3,324,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of BR. APG Asset Management N.V. raised its holdings in shares of Broadridge Financial Solutions by 58.9% in the first quarter. APG Asset Management N.V. now owns 4,036,753 shares of the business services provider’s stock worth $525,846,000 after buying an additional 1,496,864 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Broadridge Financial Solutions by 32.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,492,464 shares of the business services provider’s stock worth $688,211,000 after buying an additional 1,105,360 shares during the last quarter. Norges Bank purchased a new position in shares of Broadridge Financial Solutions during the fourth quarter worth $166,008,000. Alta Capital Management LLC raised its holdings in shares of Broadridge Financial Solutions by 77.4% during the first quarter. Alta Capital Management LLC now owns 552,623 shares of the business services provider’s stock worth $84,606,000 after purchasing an additional 241,140 shares during the last quarter. Finally, Morgan Stanley raised its holdings in shares of Broadridge Financial Solutions by 59.5% during the fourth quarter. Morgan Stanley now owns 467,483 shares of the business services provider’s stock worth $71,619,000 after purchasing an additional 174,325 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

In other Broadridge Financial Solutions news, President Christopher John Perry sold 12,621 shares of Broadridge Financial Solutions stock in a transaction on Wednesday, July 14th. The shares were sold at an average price of $170.04, for a total value of $2,146,074.84. Following the completion of the transaction, the president now owns 68,783 shares of the company’s stock, valued at $11,695,861.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Laura Matlin sold 1,369 shares of Broadridge Financial Solutions stock in a transaction on Thursday, May 20th. The shares were sold at an average price of $160.05, for a total transaction of $219,108.45. Following the completion of the transaction, the vice president now directly owns 6,295 shares of the company’s stock, valued at approximately $1,007,514.75. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

Shares of Broadridge Financial Solutions stock opened at $169.70 on Thursday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.09. The business’s fifty day simple moving average is $162.39. Broadridge Financial Solutions, Inc. has a 1 year low of $126.77 and a 1 year high of $171.26. The stock has a market capitalization of $19.71 billion, a PE ratio of 38.48 and a beta of 0.87.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Monday, May 3rd. The business services provider reported $1.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.09. Broadridge Financial Solutions had a net margin of 10.71% and a return on equity of 45.63%. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the company posted $1.67 earnings per share. The firm’s revenue was up 11.2% compared to the same quarter last year. On average, analysts predict that Broadridge Financial Solutions, Inc. will post 5.65 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 2nd. Shareholders of record on Tuesday, June 15th were issued a $0.575 dividend. The ex-dividend date of this dividend was Monday, June 14th. This represents a $2.30 dividend on an annualized basis and a yield of 1.36%. Broadridge Financial Solutions’s payout ratio is 45.73%.

Broadridge Financial Solutions Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry worldwide. 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 offers ProxyEdge, an electronic proxy delivery and voting solution.

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Institutional Ownership by Quarter for Broadridge Financial Solutions (NYSE:BR)

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