Broadridge Financial Solutions, Inc. (BR) Holdings Decreased by Capital Management Associates NY

Capital Management Associates NY cut its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 21.1% in the third quarter, Holdings Channel reports. The fund owned 3,275 shares of the business services provider’s stock after selling 875 shares during the period. Capital Management Associates NY’s holdings in Broadridge Financial Solutions were worth $432,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Truvestments Capital LLC acquired a new position in shares of Broadridge Financial Solutions in the third quarter valued at approximately $106,000. Squar Milner Financial Services LLC acquired a new position in shares of Broadridge Financial Solutions in the second quarter valued at approximately $109,000. Bartlett & Co. LLC grew its holdings in shares of Broadridge Financial Solutions by 375.0% in the second quarter. Bartlett & Co. LLC now owns 950 shares of the business services provider’s stock valued at $109,000 after purchasing an additional 750 shares in the last quarter. Fort L.P. acquired a new position in shares of Broadridge Financial Solutions in the second quarter valued at approximately $120,000. Finally, Signaturefd LLC grew its holdings in shares of Broadridge Financial Solutions by 101.6% in the second quarter. Signaturefd LLC now owns 1,115 shares of the business services provider’s stock valued at $128,000 after purchasing an additional 562 shares in the last quarter. Institutional investors and hedge funds own 84.55% of the company’s stock.

A number of brokerages recently weighed in on BR. SunTrust Banks began coverage on shares of Broadridge Financial Solutions in a report on Wednesday, August 29th. They issued a “buy” rating and a $150.00 price objective for the company. Zacks Investment Research upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a report on Friday, August 10th. Sandler O’Neill restated a “hold” rating and issued a $130.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, August 7th. Finally, Wolfe Research began coverage on shares of Broadridge Financial Solutions in a report on Tuesday, July 17th. They issued a “market perform” rating for the company. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $123.40.

NYSE BR opened at $107.52 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.69 and a debt-to-equity ratio of 0.93. Broadridge Financial Solutions, Inc. has a 52 week low of $86.80 and a 52 week high of $138.24. The company has a market cap of $12.26 billion, a price-to-earnings ratio of 25.66, a PEG ratio of 2.25 and a beta of 0.95.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Tuesday, November 6th. The business services provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.68 by $0.11. Broadridge Financial Solutions had a net margin of 10.39% and a return on equity of 46.83%. The company had revenue of $973.00 million during the quarter, compared to analysts’ expectations of $970.19 million. During the same quarter in the previous year, the business posted $0.54 EPS. The firm’s revenue was up 5.2% on a year-over-year basis. As a group, research analysts expect that Broadridge Financial Solutions, Inc. will post 4.69 EPS for the current fiscal year.

In other Broadridge Financial Solutions news, CEO Richard J. Daly sold 210,188 shares of the business’s stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $132.14, for a total transaction of $27,774,242.32. Following the completion of the transaction, the chief executive officer now owns 387,336 shares in the company, valued at approximately $51,182,579.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard J. Daly sold 67,974 shares of the business’s stock in a transaction that occurred on Friday, October 5th. The stock was sold at an average price of $126.61, for a total transaction of $8,606,188.14. Following the sale, the chief executive officer now owns 233,673 shares of the company’s stock, valued at approximately $29,585,338.53. The disclosure for this sale can be found here. Insiders have sold a total of 325,354 shares of company stock valued at $42,709,350 in the last quarter. 2.30% of the stock is currently owned by company insiders.

WARNING: “Broadridge Financial Solutions, Inc. (BR) Holdings Decreased by Capital Management Associates NY” was originally published by WKRB News and is owned by of WKRB News. If you are viewing this article on another domain, it was illegally copied and republished in violation of U.S. and international trademark and copyright law. The legal version of this article can be viewed at https://www.wkrb13.com/2018/11/09/broadridge-financial-solutions-inc-br-holdings-decreased-by-capital-management-associates-ny.html.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry worldwide. 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 offers ProxyEdge, an electronic proxy delivery and voting solution.

Featured Story: What is Compound Interest?

Want to see what other hedge funds are holding BR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadridge Financial Solutions, Inc. (NYSE:BR).

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

Receive News & Ratings for Broadridge Financial Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadridge Financial Solutions and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply