United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Makes New Investment in Broadridge Financial Solutions, Inc. (NYSE:BR)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,400 shares of the business services provider’s stock, valued at approximately $769,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Signature Estate & Investment Advisors LLC lifted its stake in shares of Broadridge Financial Solutions by 5.5% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 1,194 shares of the business services provider’s stock worth $270,000 after purchasing an additional 62 shares in the last quarter. Zions Bancorporation N.A. grew its position in Broadridge Financial Solutions by 51.9% in the fourth quarter. Zions Bancorporation N.A. now owns 11,645 shares of the business services provider’s stock valued at $2,633,000 after acquiring an additional 3,979 shares in the last quarter. FineMark National Bank & Trust raised its stake in shares of Broadridge Financial Solutions by 1.9% during the fourth quarter. FineMark National Bank & Trust now owns 56,034 shares of the business services provider’s stock valued at $12,669,000 after purchasing an additional 1,035 shares during the period. Modern Wealth Management LLC lifted its position in shares of Broadridge Financial Solutions by 1.2% during the fourth quarter. Modern Wealth Management LLC now owns 13,649 shares of the business services provider’s stock worth $3,308,000 after purchasing an additional 156 shares in the last quarter. Finally, Zevenbergen Capital Investments LLC boosted its stake in shares of Broadridge Financial Solutions by 0.4% in the fourth quarter. Zevenbergen Capital Investments LLC now owns 34,140 shares of the business services provider’s stock valued at $7,719,000 after purchasing an additional 130 shares during the period. Institutional investors and hedge funds own 90.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BR. DA Davidson reaffirmed a “neutral” rating and set a $215.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday, January 21st. Royal Bank of Canada boosted their price target on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. UBS Group raised their price objective on Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Wolfe Research reaffirmed a “peer perform” rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. Finally, Morgan Stanley increased their target price on Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $239.17.

Broadridge Financial Solutions Stock Performance

BR stock opened at $237.04 on Wednesday. The firm has a market cap of $27.74 billion, a P/E ratio of 37.10 and a beta of 1.05. The stock’s 50 day simple moving average is $236.46 and its 200 day simple moving average is $227.22. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.64. Broadridge Financial Solutions, Inc. has a 12-month low of $188.30 and a 12-month high of $246.58.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.24. Broadridge Financial Solutions had a net margin of 11.36% and a return on equity of 44.40%. During the same quarter in the previous year, the business earned $0.92 EPS. As a group, equities research analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Thursday, March 13th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 55.09%.

Insider Transactions at Broadridge Financial Solutions

In related news, Director Brett Keller sold 5,442 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $240.40, for a total value of $1,308,256.80. Following the sale, the director now owns 15,536 shares of the company’s stock, valued at $3,734,854.40. This trade represents a 25.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy C. Gokey sold 95,956 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $235.43, for a total transaction of $22,590,921.08. Following the completion of the transaction, the chief executive officer now owns 169,788 shares of the company’s stock, valued at approximately $39,973,188.84. This trade represents a 36.11 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 124,754 shares of company stock worth $29,397,793. 1.30% of the stock is currently 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.