Compass Ion Advisors LLC Has $312,000 Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Compass Ion Advisors LLC lessened its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 48.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,524 shares of the business services provider’s stock after selling 1,424 shares during the quarter. Compass Ion Advisors LLC’s holdings in Broadridge Financial Solutions were worth $312,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Procyon Advisors LLC lifted its position in shares of Broadridge Financial Solutions by 2.3% in the fourth quarter. Procyon Advisors LLC now owns 2,319 shares of the business services provider’s stock worth $477,000 after purchasing an additional 52 shares in the last quarter. New York Life Investment Management LLC raised its position in Broadridge Financial Solutions by 0.3% during the fourth quarter. New York Life Investment Management LLC now owns 18,444 shares of the business services provider’s stock worth $3,795,000 after acquiring an additional 52 shares in the last quarter. Optas LLC raised its position in Broadridge Financial Solutions by 3.8% during the fourth quarter. Optas LLC now owns 1,565 shares of the business services provider’s stock worth $322,000 after acquiring an additional 57 shares in the last quarter. Signaturefd LLC raised its position in Broadridge Financial Solutions by 3.8% during the fourth quarter. Signaturefd LLC now owns 1,596 shares of the business services provider’s stock worth $328,000 after acquiring an additional 58 shares in the last quarter. Finally, Manchester Capital Management LLC raised its position in Broadridge Financial Solutions by 57.1% during the fourth quarter. Manchester Capital Management LLC now owns 165 shares of the business services provider’s stock worth $34,000 after acquiring an additional 60 shares in the last quarter. Institutional investors own 90.03% of the company’s stock.

Wall Street Analyst Weigh In

BR has been the topic of several analyst reports. DA Davidson reaffirmed a “neutral” rating and set a $185.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, June 11th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $239.00 price target on shares of Broadridge Financial Solutions in a research report on Friday. Evercore ISI reaffirmed an “outperform” rating and set a $230.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, March 26th. Finally, StockNews.com downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Friday, June 14th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $206.67.

Broadridge Financial Solutions Price Performance

NYSE:BR opened at $196.56 on Tuesday. Broadridge Financial Solutions, Inc. has a one year low of $161.85 and a one year high of $210.24. The company has a market cap of $23.23 billion, a P/E ratio of 33.54 and a beta of 1.04. The firm’s fifty day moving average price is $198.15 and its two-hundred day moving average price is $200.02. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.39 and a quick ratio of 1.39.

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

Broadridge Financial Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.20 annualized dividend and a dividend yield of 1.63%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 54.61%.

Insider Activity at Broadridge Financial Solutions

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

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.