Broadridge Financial Solutions, Inc. (NYSE:BR) is Running Oak Capital LLC’s Largest Position

Running Oak Capital LLC lifted its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 12.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,608 shares of the business services provider’s stock after acquiring an additional 5,854 shares during the period. Broadridge Financial Solutions accounts for approximately 2.1% of Running Oak Capital LLC’s portfolio, making the stock its biggest holding. Running Oak Capital LLC’s holdings in Broadridge Financial Solutions were worth $10,618,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BR. OFI Invest Asset Management acquired a new position in Broadridge Financial Solutions in the 3rd quarter valued at $25,000. Headinvest LLC acquired a new position in Broadridge Financial Solutions in the third quarter valued at $32,000. First Command Advisory Services Inc. purchased a new position in Broadridge Financial Solutions during the third quarter worth about $34,000. Stuart Chaussee & Associates Inc. acquired a new position in shares of Broadridge Financial Solutions during the 4th quarter valued at about $34,000. Finally, Truvestments Capital LLC acquired a new position in Broadridge Financial Solutions during the third quarter worth approximately $37,000. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Evercore ISI reiterated an “outperform” rating and issued a $230.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, March 26th. StockNews.com downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Friday, April 26th. DA Davidson reissued a “neutral” rating and set a $185.00 target price on shares of Broadridge Financial Solutions in a research report on Wednesday, April 10th. Raymond James upped their price objective on shares of Broadridge Financial Solutions from $205.00 to $214.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Finally, Royal Bank of Canada boosted their price target 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. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $206.67.

Broadridge Financial Solutions Price Performance

BR traded up $1.92 during midday trading on Thursday, reaching $195.35. 429,709 shares of the company’s stock were exchanged, compared to its average volume of 494,195. The firm has a market capitalization of $23.01 billion, a price-to-earnings ratio of 33.70 and a beta of 0.98. 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 one year low of $144.54 and a one year high of $210.24. The business has a 50-day simple moving average of $200.41 and a two-hundred day simple moving average of $194.93.

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, topping the consensus estimate of $0.89 by $0.03. Broadridge Financial Solutions had a return on equity of 41.12% and a net margin of 10.82%. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the company earned $0.91 EPS. The firm’s revenue was up 8.7% on a year-over-year basis. As a group, research analysts predict that Broadridge Financial Solutions, Inc. will post 7.72 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a $0.80 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.64%. Broadridge Financial Solutions’s dividend payout ratio is 55.75%.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, VP Thomas P. Carey sold 12,731 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $201.02, for a total value of $2,559,185.62. Following the sale, the vice president now owns 13,303 shares in the company, valued at approximately $2,674,169.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 22,722 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $199.00, for a total transaction of $4,521,678.00. Following the completion of the transaction, the insider now owns 44,680 shares in the company, valued at $8,891,320. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas P. Carey sold 12,731 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $201.02, for a total transaction of $2,559,185.62. Following the transaction, the vice president now directly owns 13,303 shares of the company’s stock, valued at approximately $2,674,169.06. The disclosure for this sale can be found here. Insiders have sold 48,483 shares of company stock valued at $9,745,637 in the last 90 days. 1.60% 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.