Zurcher Kantonalbank Zurich Cantonalbank Purchases 8,214 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 7.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 117,069 shares of the business services provider’s stock after purchasing an additional 8,214 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Broadridge Financial Solutions were worth $24,087,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BR. OFI Invest Asset Management bought a new position in shares of Broadridge Financial Solutions in the third quarter worth $25,000. Money Concepts Capital Corp increased its stake in Broadridge Financial Solutions by 400.0% in the fourth quarter. Money Concepts Capital Corp now owns 195 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 156 shares during the last quarter. Resurgent Financial Advisors LLC bought a new position in Broadridge Financial Solutions in the fourth quarter valued at $27,000. Headinvest LLC bought a new position in Broadridge Financial Solutions in the third quarter valued at $32,000. Finally, First Command Advisory Services Inc. bought a new position in Broadridge Financial Solutions in the third quarter valued at $34,000. Institutional investors own 90.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BR. DA Davidson reissued a “neutral” rating and issued a $185.00 target price on shares of Broadridge Financial Solutions in a research note on Wednesday, April 10th. Royal Bank of Canada increased their target price on Broadridge Financial Solutions from $212.00 to $239.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. StockNews.com raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Evercore ISI reissued an “outperform” rating and issued a $230.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, March 26th. Finally, Raymond James increased their target price on Broadridge Financial Solutions from $205.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $206.67.

Broadridge Financial Solutions Stock Performance

NYSE BR opened at $193.40 on Thursday. The company has a 50-day simple moving average of $200.96 and a two-hundred day simple moving average of $193.89. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.77. Broadridge Financial Solutions, Inc. has a 12-month low of $139.52 and a 12-month high of $210.24. The firm has a market cap of $22.78 billion, a price-to-earnings ratio of 33.69 and a beta of 0.99.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Thursday, February 1st. The business services provider reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. Broadridge Financial Solutions had a net margin of 10.82% and a return on equity of 41.12%. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period in the prior year, the business posted $0.91 earnings per share. The company’s revenue was up 8.7% on a year-over-year basis. On average, equities analysts forecast that Broadridge Financial Solutions, Inc. will post 7.72 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a dividend of $0.80 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.65%. Broadridge Financial Solutions’s dividend payout ratio is currently 55.75%.

Insider Transactions at Broadridge Financial Solutions

In other news, insider Douglas Richard Deschutter sold 12,200 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $204.71, for a total transaction of $2,497,462.00. Following the completion of the sale, the insider now directly owns 32,480 shares in the company, valued at $6,648,980.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Douglas Richard Deschutter sold 12,200 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $204.71, for a total transaction of $2,497,462.00. Following the completion of the sale, the insider now directly owns 32,480 shares in the company, valued at $6,648,980.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Thomas P. Carey sold 12,731 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $201.02, for a total transaction of $2,559,185.62. Following the sale, the vice president now owns 13,303 shares of the company’s stock, valued at $2,674,169.06. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,483 shares of company stock worth $9,745,637. Company insiders own 1.60% 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.