Ardevora Asset Management LLP Has $39.78 Million Stake in Broadridge Financial Solutions, Inc. (BR)

Ardevora Asset Management LLP decreased its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 6.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 492,243 shares of the business services provider’s stock after selling 32,600 shares during the quarter. Broadridge Financial Solutions makes up about 1.2% of Ardevora Asset Management LLP’s holdings, making the stock its 13th biggest position. Ardevora Asset Management LLP owned approximately 0.42% of Broadridge Financial Solutions worth $39,783,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in BR. Janus Henderson Group PLC increased its stake in shares of Broadridge Financial Solutions by 1,647.4% during the 2nd quarter. Janus Henderson Group PLC now owns 7,181,963 shares of the business services provider’s stock worth $542,669,000 after purchasing an additional 6,770,958 shares during the last quarter. Jensen Investment Management Inc. acquired a new position in Broadridge Financial Solutions in the 2nd quarter valued at $77,899,000. Principal Financial Group Inc. grew its stake in Broadridge Financial Solutions by 91.9% in the 2nd quarter. Principal Financial Group Inc. now owns 1,408,096 shares of the business services provider’s stock valued at $106,396,000 after buying an additional 674,307 shares during the last quarter. Alta Capital Management LLC grew its stake in Broadridge Financial Solutions by 133.0% in the 3rd quarter. Alta Capital Management LLC now owns 454,536 shares of the business services provider’s stock valued at $36,735,000 after buying an additional 259,450 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its stake in Broadridge Financial Solutions by 33.4% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 508,974 shares of the business services provider’s stock valued at $38,458,000 after buying an additional 127,434 shares during the last quarter. Institutional investors own 83.07% of the company’s stock.

Shares of Broadridge Financial Solutions, Inc. (NYSE BR) traded down $0.87 during trading on Tuesday, reaching $87.58. 813,700 shares of the company’s stock were exchanged, compared to its average volume of 454,047. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.25. Broadridge Financial Solutions, Inc. has a 12-month low of $60.25 and a 12-month high of $91.75. The company has a market cap of $10,309.07, a P/E ratio of 26.56, a PEG ratio of 2.38 and a beta of 0.99.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results 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 firm had revenue of $925.00 million during the quarter, compared to the consensus estimate of $923.68 million. During the same period in the prior year, the firm earned $0.36 EPS. The business’s revenue was up 3.4% on a year-over-year basis. analysts forecast that Broadridge Financial Solutions, Inc. will post 3.72 earnings per share for the current year.

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A number of research analysts recently issued reports on BR shares. BidaskClub upgraded shares of Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Barclays PLC raised their target price on shares of Broadridge Financial Solutions from $74.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, November 9th. DA Davidson started coverage on shares of Broadridge Financial Solutions in a research note on Monday, August 7th. They issued a “neutral” rating and a $74.00 target price on the stock. Finally, ValuEngine upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday.

In other news, insider Adam D. Amsterdam sold 17,813 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $76.96, for a total transaction of $1,370,888.48. Following the completion of the transaction, the insider now directly owns 20,646 shares of the company’s stock, valued at approximately $1,588,916.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard J. Daly sold 94,039 shares of the firm’s stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $81.95, for a total transaction of $7,706,496.05. The disclosure for this sale can be found here. Over the last three months, insiders sold 119,720 shares of company stock valued at $9,679,916. Insiders own 2.60% of the company’s stock.

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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