Tributary Capital Management LLC Buys 1,513 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Tributary Capital Management LLC raised its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 43.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,003 shares of the business services provider’s stock after acquiring an additional 1,513 shares during the period. Tributary Capital Management LLC’s holdings in Broadridge Financial Solutions were worth $1,131,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Qsemble Capital Management LP purchased a new stake in shares of Broadridge Financial Solutions in the third quarter worth about $1,412,000. Atria Investments Inc raised its holdings in shares of Broadridge Financial Solutions by 9.7% during the 3rd quarter. Atria Investments Inc now owns 29,638 shares of the business services provider’s stock worth $6,373,000 after acquiring an additional 2,610 shares in the last quarter. Horizon Kinetics Asset Management LLC bought a new position in shares of Broadridge Financial Solutions during the 3rd quarter valued at approximately $483,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Broadridge Financial Solutions by 53.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,768 shares of the business services provider’s stock valued at $2,434,000 after purchasing an additional 3,753 shares in the last quarter. Finally, Miracle Mile Advisors LLC increased its position in Broadridge Financial Solutions by 98.0% in the fourth quarter. Miracle Mile Advisors LLC now owns 2,433 shares of the business services provider’s stock worth $550,000 after purchasing an additional 1,204 shares during the last quarter. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BR shares. UBS Group assumed coverage on shares of Broadridge Financial Solutions in a research note on Thursday, November 21st. They issued a “neutral” rating and a $250.00 price objective for the company. Wolfe Research reissued a “peer perform” rating on shares of Broadridge Financial Solutions in a research note on Thursday, December 12th. Morgan Stanley upped their price objective on Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. StockNews.com downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $246.00 price target on shares of Broadridge Financial Solutions in a research report on Wednesday, November 6th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Broadridge Financial Solutions presently has a consensus rating of “Hold” and an average target price of $226.71.

Broadridge Financial Solutions Stock Performance

BR stock opened at $237.48 on Friday. The firm has a market cap of $27.76 billion, a price-to-earnings ratio of 41.09 and a beta of 1.08. Broadridge Financial Solutions, Inc. has a twelve month low of $188.30 and a twelve month high of $237.96. 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 business’s fifty day simple moving average is $230.15 and its two-hundred day simple moving average is $218.96.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Tuesday, November 5th. The business services provider reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. Broadridge Financial Solutions had a net margin of 10.57% and a return on equity of 41.79%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the business posted $1.09 EPS. Analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a $0.88 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.52 annualized dividend and a yield of 1.48%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 60.90%.

Insiders Place Their Bets

In other news, insider Douglas Richard Deschutter sold 24,185 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $220.21, for a total transaction of $5,325,778.85. Following the transaction, the insider now directly owns 27,137 shares in the company, valued at approximately $5,975,838.77. This trade represents a 47.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas P. Carey sold 10,757 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $226.82, for a total transaction of $2,439,902.74. Following the completion of the transaction, the vice president now directly owns 12,689 shares of the company’s stock, valued at $2,878,118.98. This trade represents a 45.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,532 shares of company stock worth $12,264,846 in the last ninety days. 1.30% of the stock is owned by company insiders.

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.