EverSource Wealth Advisors LLC Has $142,000 Stock Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

EverSource Wealth Advisors LLC lifted its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 12.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 662 shares of the business services provider’s stock after purchasing an additional 71 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Broadridge Financial Solutions were worth $142,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BR. Confluence Investment Management LLC bought a new position in Broadridge Financial Solutions in the first quarter valued at approximately $144,033,000. APG Asset Management US Inc. bought a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at $70,498,000. Veritas Investment Partners UK Ltd. increased its stake in shares of Broadridge Financial Solutions by 16.9% in the 4th quarter. Veritas Investment Partners UK Ltd. now owns 1,020,533 shares of the business services provider’s stock valued at $210,031,000 after purchasing an additional 147,293 shares during the last quarter. Public Employees Retirement Association of Colorado raised its holdings in shares of Broadridge Financial Solutions by 1,966.2% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 133,909 shares of the business services provider’s stock worth $27,552,000 after buying an additional 127,428 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Broadridge Financial Solutions by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 13,951,669 shares of the business services provider’s stock worth $2,870,556,000 after buying an additional 110,886 shares during the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.

Broadridge Financial Solutions Price Performance

Shares of NYSE:BR opened at $211.70 on Friday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.08 and a current ratio of 1.08. Broadridge Financial Solutions, Inc. has a 52 week low of $166.73 and a 52 week high of $223.81. The firm has a market cap of $24.71 billion, a PE ratio of 36.13 and a beta of 1.05. The firm’s fifty day moving average is $210.67 and its 200-day moving average is $203.54.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Tuesday, August 6th. The business services provider reported $3.50 EPS for the quarter, topping the consensus estimate of $3.49 by $0.01. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.96 billion. Broadridge Financial Solutions had a return on equity of 42.77% and a net margin of 10.73%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $3.21 EPS. Sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 8.51 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Thursday, September 12th. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.80. Broadridge Financial Solutions’s dividend payout ratio is currently 60.07%.

Insiders Place Their Bets

In other news, President Christopher John Perry sold 17,534 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $213.41, for a total value of $3,741,930.94. Following the sale, the president now directly owns 50,237 shares of the company’s stock, valued at approximately $10,721,078.17. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, President Christopher John Perry sold 17,534 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $213.41, for a total value of $3,741,930.94. Following the transaction, the president now directly owns 50,237 shares of the company’s stock, valued at approximately $10,721,078.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Laura Matlin sold 673 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $216.00, for a total value of $145,368.00. Following the sale, the vice president now owns 5,530 shares in the company, valued at approximately $1,194,480. The disclosure for this sale can be found here. In the last 90 days, insiders sold 134,386 shares of company stock worth $28,112,824. 1.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on BR shares. JPMorgan Chase & Co. lifted their target price on Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. DA Davidson reiterated a “neutral” rating and set a $185.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, June 11th. Royal Bank of Canada raised their target price on shares of Broadridge Financial Solutions from $239.00 to $246.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, StockNews.com upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $213.33.

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.