Park Place Capital Corp Purchases 907 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Park Place Capital Corp grew its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 182.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,405 shares of the business services provider’s stock after acquiring an additional 907 shares during the period. Park Place Capital Corp’s holdings in Broadridge Financial Solutions were worth $288,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Headinvest LLC bought a new stake in shares of Broadridge Financial Solutions in the 3rd quarter worth approximately $32,000. Stuart Chaussee & Associates Inc. purchased a new position in shares of Broadridge Financial Solutions in the fourth quarter worth about $34,000. Manchester Capital Management LLC increased its holdings in shares of Broadridge Financial Solutions by 57.1% in the fourth quarter. Manchester Capital Management LLC now owns 165 shares of the business services provider’s stock worth $34,000 after buying an additional 60 shares during the period. BKM Wealth Management LLC purchased a new position in shares of Broadridge Financial Solutions in the fourth quarter worth about $37,000. Finally, Exchange Traded Concepts LLC purchased a new position in shares of Broadridge Financial Solutions in the fourth quarter worth about $39,000. 90.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Broadridge Financial Solutions

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

Broadridge Financial Solutions Stock Performance

Broadridge Financial Solutions stock opened at $196.56 on Tuesday. The stock’s 50 day simple moving average is $198.15 and its two-hundred day simple moving average is $200.02. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a market cap of $23.23 billion, a price-to-earnings ratio of 33.54 and a beta of 1.04. Broadridge Financial Solutions, Inc. has a fifty-two week low of $161.85 and a fifty-two week high of $210.24.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Wednesday, May 8th. The business services provider reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.24 by ($0.01). The firm 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 business’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.05 earnings per share. As a group, analysts expect that Broadridge Financial Solutions, Inc. will post 7.72 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be given 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 1.63%. Broadridge Financial Solutions’s payout ratio is 54.61%.

Analyst Upgrades and Downgrades

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

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.