Geneva Partners LLC Takes $360,000 Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

Geneva Partners LLC bought a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) in the fourth quarter, Holdings Channel.com reports. The fund bought 1,750 shares of the business services provider’s stock, valued at approximately $360,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. OFI Invest Asset Management acquired a new stake in shares of Broadridge Financial Solutions during the 3rd quarter worth approximately $25,000. Money Concepts Capital Corp raised its holdings in shares of Broadridge Financial Solutions by 400.0% during the fourth quarter. Money Concepts Capital Corp now owns 195 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 156 shares during the period. Resurgent Financial Advisors LLC acquired a new position in shares of Broadridge Financial Solutions during the fourth quarter valued at about $27,000. Headinvest LLC bought a new position in shares of Broadridge Financial Solutions during the 3rd quarter worth about $32,000. Finally, First Command Advisory Services Inc. acquired a new stake in shares of Broadridge Financial Solutions in the 3rd quarter valued at about $34,000. Institutional investors and hedge funds own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Performance

Shares of Broadridge Financial Solutions stock traded up $0.40 during mid-day trading on Friday, hitting $193.38. 393,843 shares of the stock were exchanged, compared to its average volume of 515,230. Broadridge Financial Solutions, Inc. has a 12 month low of $139.52 and a 12 month high of $210.24. The company has a 50-day simple moving average of $200.73 and a 200 day simple moving average of $194.00. The company has a market capitalization of $22.77 billion, a P/E ratio of 33.69 and a beta of 0.99. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.40 and a current ratio of 1.40.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Thursday, February 1st. The business services provider reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.40 billion. Broadridge Financial Solutions had a return on equity of 41.12% and a net margin of 10.82%. The business’s revenue was up 8.7% compared to the same quarter last year. During the same period last year, the firm posted $0.91 EPS. Sell-side analysts anticipate that Broadridge Financial Solutions, Inc. will post 7.72 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid a dividend of $0.80 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.20 annualized dividend and a dividend yield of 1.65%. Broadridge Financial Solutions’s payout ratio is currently 55.75%.

Insider Buying and Selling

In other news, VP Thomas P. Carey sold 12,731 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $201.02, for a total value of $2,559,185.62. Following the sale, the vice president now owns 13,303 shares of the company’s stock, valued at $2,674,169.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 12,731 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $201.02, for a total transaction of $2,559,185.62. Following the sale, the vice president now owns 13,303 shares in the company, valued at $2,674,169.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Douglas Richard Deschutter sold 12,200 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $204.71, for a total value of $2,497,462.00. Following the completion of the transaction, the insider now owns 32,480 shares of the company’s stock, valued at $6,648,980.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,483 shares of company stock valued at $9,745,637. 1.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on BR shares. Royal Bank of Canada upped their price target on Broadridge Financial Solutions from $212.00 to $239.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. DA Davidson reaffirmed a “neutral” rating and set a $185.00 target price on shares of Broadridge Financial Solutions in a research report on Wednesday, April 10th. Raymond James lifted their price target on shares of Broadridge Financial Solutions from $205.00 to $214.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. StockNews.com upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Finally, Evercore ISI reiterated an “outperform” rating and set a $230.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, March 26th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Broadridge Financial Solutions presently has an average rating of “Moderate Buy” and an average price target of $206.67.

Broadridge Financial Solutions Company 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.