Parametrica Management Ltd Sells 1,612 Shares of Broadridge Financial Solutions, Inc. (BR)

Parametrica Management Ltd lessened its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 36.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,837 shares of the business services provider’s stock after selling 1,612 shares during the period. Parametrica Management Ltd’s holdings in Broadridge Financial Solutions were worth $257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Advisory Services Network LLC raised its holdings in shares of Broadridge Financial Solutions by 82.8% during the second quarter. Advisory Services Network LLC now owns 1,559 shares of the business services provider’s stock worth $118,000 after purchasing an additional 706 shares during the last quarter. Wendell David Associates Inc. increased its holdings in Broadridge Financial Solutions by 9.3% in the third quarter. Wendell David Associates Inc. now owns 71,316 shares of the business services provider’s stock valued at $5,764,000 after buying an additional 6,043 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Broadridge Financial Solutions in the second quarter valued at $296,000. JPMorgan Chase & Co. increased its holdings in Broadridge Financial Solutions by 16.4% in the third quarter. JPMorgan Chase & Co. now owns 503,464 shares of the business services provider’s stock valued at $40,590,000 after buying an additional 71,106 shares in the last quarter. Finally, Aperio Group LLC increased its holdings in Broadridge Financial Solutions by 5.0% in the third quarter. Aperio Group LLC now owns 94,080 shares of the business services provider’s stock valued at $7,604,000 after buying an additional 4,465 shares in the last quarter. 83.83% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Richard J. Haviland sold 7,655 shares of Broadridge Financial Solutions stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $88.51, for a total value of $677,544.05. Following the sale, the director now owns 44,482 shares in the company, valued at $3,937,101.82. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Robert Schifellite sold 49,181 shares of Broadridge Financial Solutions stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $89.47, for a total transaction of $4,400,224.07. Following the completion of the sale, the insider now owns 149,181 shares in the company, valued at approximately $13,347,224.07. The disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.

A number of research firms 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. Zacks Investment Research cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Barclays lifted their price objective on shares of Broadridge Financial Solutions from $74.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, November 9th. ValuEngine cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Raymond James Financial reaffirmed a “hold” rating on shares of Broadridge Financial Solutions in a report on Monday, December 4th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $96.33.

Broadridge Financial Solutions, Inc. (NYSE BR) opened at $90.62 on Tuesday. Broadridge Financial Solutions, Inc. has a fifty-two week low of $66.49 and a fifty-two week high of $97.54. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.70 and a quick ratio of 1.70. The firm has a market cap of $11,045.68, a price-to-earnings ratio of 28.46, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.12. Broadridge Financial Solutions had a net margin of 8.22% and a return on equity of 40.17%. The company had revenue of $925.00 million during the quarter, compared to analysts’ expectations of $923.68 million. During the same quarter in the previous year, the company earned $0.36 earnings per share. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. equities research analysts expect that Broadridge Financial Solutions, Inc. will post 3.78 EPS for the current fiscal year.

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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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