Radnor Capital Management LLC Sells 640 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Radnor Capital Management LLC cut its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 27.9% in the 1st quarter, HoldingsChannel reports. The fund owned 1,652 shares of the business services provider’s stock after selling 640 shares during the period. Radnor Capital Management LLC’s holdings in Broadridge Financial Solutions were worth $338,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Kestra Advisory Services LLC boosted its holdings in Broadridge Financial Solutions by 4.8% during the 3rd quarter. Kestra Advisory Services LLC now owns 6,791 shares of the business services provider’s stock worth $1,216,000 after acquiring an additional 312 shares during the last quarter. Rafferty Asset Management LLC grew its position in Broadridge Financial Solutions by 10.1% in the 3rd quarter. Rafferty Asset Management LLC now owns 9,392 shares of the business services provider’s stock worth $1,682,000 after purchasing an additional 858 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in Broadridge Financial Solutions in the 3rd quarter valued at about $556,000. Nordea Investment Management AB lifted its position in shares of Broadridge Financial Solutions by 47.7% during the 3rd quarter. Nordea Investment Management AB now owns 10,938 shares of the business services provider’s stock worth $1,987,000 after buying an additional 3,530 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Broadridge Financial Solutions by 3.9% during the 3rd quarter. FMR LLC now owns 67,216 shares of the business services provider’s stock worth $12,035,000 after buying an additional 2,544 shares in the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Analysts Set New Price Targets

BR has been the subject of a number of research analyst reports. StockNews.com downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Friday, June 14th. Evercore ISI reissued an “outperform” rating and issued a $230.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, March 26th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $185.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, June 11th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $206.67.

Broadridge Financial Solutions Price Performance

NYSE BR opened at $200.79 on Monday. The company has a market cap of $23.73 billion, a PE ratio of 34.26 and a beta of 1.03. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.55. The firm’s 50-day simple moving average is $197.51 and its two-hundred day simple moving average is $199.74. Broadridge Financial Solutions, Inc. has a 52 week low of $157.00 and a 52 week high of $210.24.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Wednesday, May 8th. The business services provider reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.01). The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.77 billion. Broadridge Financial Solutions had a net margin of 10.92% and a return on equity of 40.88%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.05 EPS. Research analysts predict that Broadridge Financial Solutions, Inc. will post 7.72 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be paid a dividend of $0.80 per share. The ex-dividend date is Friday, June 14th. This represents a $3.20 annualized dividend and a yield of 1.59%. Broadridge Financial Solutions’s dividend payout ratio is currently 54.61%.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, Director Robert N. Duelks sold 3,473 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $198.06, for a total value of $687,862.38. Following the completion of the transaction, the director now owns 22,588 shares of the company’s stock, valued at approximately $4,473,779.28. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director Robert N. Duelks sold 3,473 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $198.06, for a total transaction of $687,862.38. Following the transaction, the director now directly owns 22,588 shares of the company’s stock, valued at approximately $4,473,779.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Thomas P. Carey sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.40, for a total transaction of $501,000.00. Following the completion of the sale, the vice president now owns 9,361 shares of the company’s stock, valued at $1,875,944.40. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

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.