Broadridge Financial Solutions, Inc. (NYSE:BR) Stock Holdings Lifted by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 7.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 7,293 shares of the business services provider’s stock after acquiring an additional 498 shares during the period. QRG Capital Management Inc.’s holdings in Broadridge Financial Solutions were worth $1,568,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of BR. Bogart Wealth LLC raised its holdings in Broadridge Financial Solutions by 384.0% during the 3rd quarter. Bogart Wealth LLC now owns 121 shares of the business services provider’s stock worth $26,000 after buying an additional 96 shares during the period. EdgeRock Capital LLC bought a new stake in Broadridge Financial Solutions in the second quarter worth approximately $32,000. Rothschild Investment LLC acquired a new position in Broadridge Financial Solutions during the second quarter worth $32,000. New Covenant Trust Company N.A. acquired a new position in shares of Broadridge Financial Solutions during the 1st quarter valued at about $34,000. Finally, Family Firm Inc. bought a new position in shares of Broadridge Financial Solutions in the second quarter valued at approximately $37,000. Institutional investors own 90.03% of the company’s stock.

Insider Buying and Selling

In related news, President Christopher John Perry sold 31,539 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $207.37, for a total transaction of $6,540,242.43. Following the completion of the transaction, the president now directly owns 67,215 shares in the company, valued at $13,938,374.55. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Broadridge Financial Solutions news, Chairman Richard J. Daly sold 21,938 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $207.66, for a total transaction of $4,555,645.08. Following the completion of the sale, the chairman now owns 105,094 shares of the company’s stock, valued at approximately $21,823,820.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Christopher John Perry sold 31,539 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $207.37, for a total transaction of $6,540,242.43. Following the sale, the president now owns 67,215 shares of the company’s stock, valued at approximately $13,938,374.55. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 133,713 shares of company stock worth $27,967,456. Company insiders own 1.30% of the company’s stock.

Broadridge Financial Solutions Stock Up 0.8 %

NYSE:BR opened at $221.18 on Friday. The firm has a market capitalization of $25.85 billion, a price-to-earnings ratio of 37.74 and a beta of 1.05. Broadridge Financial Solutions, Inc. has a twelve month low of $175.21 and a twelve month high of $225.29. The stock’s 50 day moving average price is $214.04 and its two-hundred day moving average price is $206.69. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.55.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Tuesday, November 5th. The business services provider reported $1.00 EPS for the quarter, beating the consensus estimate of $0.97 by $0.03. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. Broadridge Financial Solutions had a net margin of 10.73% and a return on equity of 42.77%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company earned $1.09 earnings per share. Equities research analysts expect that Broadridge Financial Solutions, Inc. will post 8.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on BR shares. JPMorgan Chase & Co. lifted their price target on Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $246.00 price objective on shares of Broadridge Financial Solutions in a report on Wednesday. StockNews.com raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Finally, Morgan Stanley raised their price target on Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an “equal weight” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Broadridge Financial Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $217.83.

Broadridge Financial Solutions 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.