Ifrah Financial Services Inc. cut its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 68.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,176 shares of the business services provider’s stock after selling 6,962 shares during the quarter. Ifrah Financial Services Inc.’s holdings in Broadridge Financial Solutions were worth $257,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisory Services Network LLC grew its stake in shares of Broadridge Financial Solutions by 82.8% in the second quarter. Advisory Services Network LLC now owns 1,559 shares of the business services provider’s stock valued at $118,000 after buying an additional 706 shares in the last quarter. Wendell David Associates Inc. boosted its holdings in Broadridge Financial Solutions by 9.3% in the third quarter. Wendell David Associates Inc. now owns 71,316 shares of the business services provider’s stock valued at $5,764,000 after purchasing an additional 6,043 shares during the period. Janus Henderson Group PLC boosted its holdings in Broadridge Financial Solutions by 1,647.4% in the second quarter. Janus Henderson Group PLC now owns 7,181,963 shares of the business services provider’s stock valued at $542,669,000 after purchasing an additional 6,770,958 shares during the period. Tredje AP fonden boosted its holdings in Broadridge Financial Solutions by 15.2% in the second quarter. Tredje AP fonden now owns 30,180 shares of the business services provider’s stock valued at $2,290,000 after purchasing an additional 3,990 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in Broadridge Financial Solutions in the second quarter valued at $296,000. 83.07% of the stock is owned by institutional investors and hedge funds.
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In other Broadridge Financial Solutions news, insider Richard J. Daly sold 94,039 shares of Broadridge Financial Solutions stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $81.95, for a total transaction of $7,706,496.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adam D. Amsterdam sold 17,813 shares of Broadridge Financial Solutions stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $76.96, for a total value of $1,370,888.48. Following the sale, the insider now directly owns 20,646 shares of the company’s stock, valued at $1,588,916.16. The disclosure for this sale can be found here. Insiders have sold a total of 119,720 shares of company stock valued at $9,679,916 over the last ninety days. 2.60% of the stock is owned by company insiders.
Broadridge Financial Solutions, Inc. (BR) traded down $0.87 during trading hours on Tuesday, reaching $87.58. The company had a trading volume of 813,700 shares, compared to its average volume of 454,047. The stock has a market capitalization of $10,309.07, a price-to-earnings ratio of 26.56, a PEG ratio of 2.38 and a beta of 0.99. Broadridge Financial Solutions, Inc. has a 52-week low of $60.25 and a 52-week high of $91.75. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.70 and a current ratio of 1.70.
Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Wednesday, November 8th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.12. The firm had revenue of $925.00 million during the quarter, compared to analyst estimates of $923.68 million. Broadridge Financial Solutions had a return on equity of 40.17% and a net margin of 8.22%. Broadridge Financial Solutions’s revenue was up 3.4% compared to the same quarter last year. During the same period last year, the business posted $0.36 earnings per share. equities analysts anticipate that Broadridge Financial Solutions, Inc. will post 3.72 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on BR shares. BidaskClub lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Monday, July 31st. DA Davidson started coverage on Broadridge Financial Solutions in a report on Monday, August 7th. They issued a “neutral” rating and a $74.00 target price for the company. Barclays PLC lifted their target price on Broadridge Financial Solutions from $72.00 to $74.00 and gave the company an “equal weight” rating in a report on Friday, August 11th. Finally, ValuEngine upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Tuesday.
Broadridge Financial Solutions Company Profile
Broadridge Financial Solutions, Inc (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company’s segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment.
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