Kentucky Retirement Systems Acquires 226 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Kentucky Retirement Systems boosted its stake in Broadridge Financial Solutions, Inc. (NYSE:BRGet Rating) by 3.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,057 shares of the business services provider’s stock after buying an additional 226 shares during the quarter. Kentucky Retirement Systems’ holdings in Broadridge Financial Solutions were worth $1,290,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of BR. BlackRock Inc. raised its holdings in Broadridge Financial Solutions by 0.9% in the 3rd quarter. BlackRock Inc. now owns 9,283,177 shares of the business services provider’s stock worth $1,546,949,000 after acquiring an additional 86,967 shares during the last quarter. Baillie Gifford & Co. grew its position in Broadridge Financial Solutions by 1.4% in the 4th quarter. Baillie Gifford & Co. now owns 4,139,707 shares of the business services provider’s stock worth $756,822,000 after purchasing an additional 57,001 shares during the period. Geode Capital Management LLC grew its position in shares of Broadridge Financial Solutions by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,160,725 shares of the business services provider’s stock valued at $359,184,000 after acquiring an additional 91,573 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Broadridge Financial Solutions by 156.7% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,268,126 shares of the business services provider’s stock valued at $211,321,000 after acquiring an additional 774,130 shares during the period. Finally, Morgan Stanley boosted its holdings in Broadridge Financial Solutions by 78.0% in the 3rd quarter. Morgan Stanley now owns 1,118,338 shares of the business services provider’s stock worth $186,361,000 after buying an additional 490,211 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

BR has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $163.00 price target on the stock in a research note on Thursday, February 3rd. StockNews.com initiated coverage on shares of Broadridge Financial Solutions in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $177.50.

Shares of NYSE BR traded up $0.45 during midday trading on Tuesday, reaching $152.07. 246 shares of the company’s stock traded hands, compared to its average volume of 614,224. Broadridge Financial Solutions, Inc. has a one year low of $137.58 and a one year high of $185.40. The stock’s 50 day simple moving average is $150.08 and its 200-day simple moving average is $164.05. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.38. The company has a market cap of $17.76 billion, a price-to-earnings ratio of 33.18 and a beta of 0.96.

Broadridge Financial Solutions (NYSE:BRGet Rating) last posted its earnings results on Tuesday, February 1st. The business services provider reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.02. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Broadridge Financial Solutions had a net margin of 10.05% and a return on equity of 39.99%. Broadridge Financial Solutions’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.73 earnings per share. Equities analysts predict that Broadridge Financial Solutions, Inc. will post 6.35 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 5th. Investors of record on Tuesday, March 15th were issued a dividend of $0.64 per share. The ex-dividend date was Monday, March 14th. This represents a $2.56 annualized dividend and a dividend yield of 1.68%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 56.02%.

Broadridge Financial Solutions Company Profile (Get Rating)

Broadridge Financial Solutions, Inc engages in the provision of investor communications and technology solutions to banks, broker-dealers, mutual funds, and corporate issuers. It operates through the following segments: Investor Communication Solutions and Global Technology and Operations. The Investor Communication Solutions segment offers services for broker-dealer investor communication, customer communication, corporate issuer, advisor solutions, and mutual fund and retirement solutions.

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

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