Sei Investments Co. Sells 17,009 Shares of Broadridge Financial Solutions, Inc. (BR)

Sei Investments Co. lessened its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 7.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 227,654 shares of the business services provider’s stock after selling 17,009 shares during the period. Sei Investments Co. owned 0.20% of Broadridge Financial Solutions worth $18,399,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in Broadridge Financial Solutions by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 542,591 shares of the business services provider’s stock valued at $36,868,000 after purchasing an additional 6,800 shares in the last quarter. Bank of Montreal Can boosted its holdings in Broadridge Financial Solutions by 4.3% in the 2nd quarter. Bank of Montreal Can now owns 29,524 shares of the business services provider’s stock valued at $2,231,000 after purchasing an additional 1,204 shares in the last quarter. Creative Planning boosted its holdings in Broadridge Financial Solutions by 6.9% in the 2nd quarter. Creative Planning now owns 6,805 shares of the business services provider’s stock valued at $514,000 after purchasing an additional 437 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its holdings in Broadridge Financial Solutions by 505.3% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 19,224 shares of the business services provider’s stock valued at $1,453,000 after purchasing an additional 16,048 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in Broadridge Financial Solutions by 3.2% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 58,190 shares of the business services provider’s stock valued at $4,397,000 after purchasing an additional 1,819 shares in the last quarter. Hedge funds and other institutional investors own 83.07% of the company’s stock.

Shares of Broadridge Financial Solutions, Inc. (BR) traded up $2.13 on Wednesday, reaching $89.71. The company’s stock had a trading volume of 833,100 shares, compared to its average volume of 455,770. Broadridge Financial Solutions, Inc. has a 12 month low of $60.49 and a 12 month high of $91.75. The stock has a market cap of $10,207.67, a price-to-earnings ratio of 26.30, a PEG ratio of 2.36 and a beta of 0.99. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.70 and a quick ratio of 1.70.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.12. The business had revenue of $925.00 million for 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%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.36 EPS. equities analysts predict that Broadridge Financial Solutions, Inc. will post 3.72 EPS for the current fiscal year.

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In other news, Director Stuart R. Levine sold 7,868 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $76.58, for a total transaction of $602,531.44. Following the sale, the director now owns 39,747 shares of the company’s stock, valued at approximately $3,043,825.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Adam D. Amsterdam sold 17,813 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $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 worth $9,679,916 in the last three months. Corporate insiders own 2.60% of the company’s stock.

A number of brokerages have weighed in on BR. DA Davidson reaffirmed a “hold” rating and issued a $86.00 price objective on shares of Broadridge Financial Solutions in a report on Thursday, November 9th. ValuEngine raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Tuesday. BidaskClub lowered Broadridge Financial Solutions from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Finally, Barclays PLC lifted their price objective 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.

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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Institutional Ownership by Quarter for Broadridge Financial Solutions (NYSE:BR)

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