Qsemble Capital Management LP Purchases Shares of 6,565 Broadridge Financial Solutions, Inc. (NYSE:BR)

Qsemble Capital Management LP purchased a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,565 shares of the business services provider’s stock, valued at approximately $1,412,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Tidal Investments LLC lifted its position in shares of Broadridge Financial Solutions by 99.6% during the 1st quarter. Tidal Investments LLC now owns 17,707 shares of the business services provider’s stock valued at $3,627,000 after buying an additional 8,837 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Broadridge Financial Solutions by 5.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 55,494 shares of the business services provider’s stock worth $11,329,000 after purchasing an additional 2,685 shares in the last quarter. Atria Investments Inc raised its position in shares of Broadridge Financial Solutions by 9.7% in the third quarter. Atria Investments Inc now owns 29,638 shares of the business services provider’s stock valued at $6,373,000 after purchasing an additional 2,610 shares during the period. BDF Gestion purchased a new stake in shares of Broadridge Financial Solutions during the 2nd quarter valued at approximately $3,954,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Broadridge Financial Solutions by 22.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 36,504 shares of the business services provider’s stock worth $7,191,000 after buying an additional 6,690 shares during the period. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Trading Up 1.3 %

Shares of BR opened at $233.28 on Tuesday. The stock has a market capitalization of $27.27 billion, a P/E ratio of 40.36 and a beta of 1.05. Broadridge Financial Solutions, Inc. has a twelve month low of $185.41 and a twelve month high of $234.45. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.63. The firm has a fifty day simple moving average of $217.92 and a two-hundred day simple moving average of $209.55.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Tuesday, November 5th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the business earned $1.09 EPS. Broadridge Financial Solutions’s revenue was down .6% compared to the same quarter last year. On average, research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Friday, December 13th. Broadridge Financial Solutions’s payout ratio is currently 60.90%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BR. UBS Group assumed coverage on shares of Broadridge Financial Solutions in a report on Thursday, November 21st. They set a “neutral” rating and a $250.00 target price on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $246.00 target price on shares of Broadridge Financial Solutions in a research note on Wednesday, November 6th. JPMorgan Chase & Co. lifted their price target 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. Morgan Stanley upped their price objective on shares of Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. Finally, StockNews.com lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Broadridge Financial Solutions presently has an average rating of “Hold” and an average price target of $222.43.

Insiders Place Their Bets

In related news, Chairman Richard J. Daly sold 21,938 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $207.66, for a total transaction of $4,555,645.08. Following the sale, the chairman now owns 105,094 shares of the company’s stock, valued at $21,823,820.04. The trade was a 17.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Maura A. Markus sold 3,880 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $227.02, for a total transaction of $880,837.60. Following the transaction, the director now directly owns 27,788 shares of the company’s stock, valued at $6,308,431.76. This represents a 12.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 78,294 shares of company stock worth $16,944,095 over the last three months. Company insiders own 1.30% 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.