UniSuper Management Pty Ltd Has $1.24 Million Stock Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

UniSuper Management Pty Ltd raised its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 383.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,030 shares of the business services provider’s stock after purchasing an additional 4,783 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Broadridge Financial Solutions were worth $1,235,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. New England Research & Management Inc. acquired a new stake in Broadridge Financial Solutions during the 1st quarter valued at $1,465,000. International Assets Investment Management LLC acquired a new stake in shares of Broadridge Financial Solutions in the 4th quarter valued at about $227,750,000. Bank of Nova Scotia raised its stake in shares of Broadridge Financial Solutions by 642.3% in the 4th quarter. Bank of Nova Scotia now owns 81,202 shares of the business services provider’s stock valued at $16,707,000 after purchasing an additional 70,263 shares during the period. Crown Oak Advisors LLC acquired a new stake in shares of Broadridge Financial Solutions in the 4th quarter valued at about $7,032,000. Finally, UBS Group AG increased its position in shares of Broadridge Financial Solutions by 8.2% in the fourth quarter. UBS Group AG now owns 186,444 shares of the business services provider’s stock valued at $38,361,000 after acquiring an additional 14,147 shares during the last quarter. Institutional investors own 90.03% of the company’s stock.

Insider Activity

In other news, VP Thomas P. Carey sold 2,500 shares of Broadridge Financial Solutions stock in a transaction on Monday, May 20th. The stock was sold at an average price of $200.40, for a total value 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Robert N. Duelks sold 3,473 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was 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 directly owns 22,588 shares of the company’s stock, valued at approximately $4,473,779.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas P. Carey sold 2,500 shares of the company’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 value 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. Insiders own 1.60% of the company’s stock.

Broadridge Financial Solutions Stock Performance

Shares of NYSE:BR traded up $0.82 during trading on Tuesday, hitting $205.55. The stock had a trading volume of 301,244 shares, compared to its average volume of 507,228. Broadridge Financial Solutions, Inc. has a 12-month low of $164.99 and a 12-month high of $211.68. The stock has a market capitalization of $24.29 billion, a price-to-earnings ratio of 35.08 and a beta of 1.04. 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 stock has a 50-day simple moving average of $200.48 and a two-hundred day simple moving average of $200.44.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Wednesday, May 8th. The business services provider reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.01). The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.77 billion. Broadridge Financial Solutions had a return on equity of 40.88% and a net margin of 10.92%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm posted $2.05 EPS. On average, equities research 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 business also recently announced a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Friday, June 14th were paid a $0.80 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $3.20 annualized dividend and a dividend yield of 1.56%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 54.61%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BR shares. Evercore ISI reiterated an “outperform” rating and issued a $230.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday, March 26th. Royal Bank of Canada restated an “outperform” rating and set a $239.00 price objective on shares of Broadridge Financial Solutions in a report on Friday, June 28th. StockNews.com downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday. Finally, DA Davidson reiterated a “neutral” rating and set a $185.00 target price on shares of Broadridge Financial Solutions in a research report on Tuesday, June 11th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.