Jmac Enterprises LLC Makes New Investment in Broadridge Financial Solutions, Inc. (NYSE:BR)

Jmac Enterprises LLC acquired a new position in Broadridge Financial Solutions, Inc. (NYSE:BR) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,000 shares of the business services provider’s stock, valued at approximately $215,000.

Other large investors also recently modified their holdings of the company. Olympiad Research LP purchased a new stake in shares of Broadridge Financial Solutions during the 3rd quarter valued at about $302,000. Principal Financial Group Inc. raised its holdings in shares of Broadridge Financial Solutions by 4.3% during the 3rd quarter. Principal Financial Group Inc. now owns 157,645 shares of the business services provider’s stock valued at $33,898,000 after buying an additional 6,552 shares during the period. Graypoint LLC purchased a new stake in shares of Broadridge Financial Solutions during the 3rd quarter valued at about $216,000. Concurrent Investment Advisors LLC raised its holdings in shares of Broadridge Financial Solutions by 5.1% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 8,838 shares of the business services provider’s stock valued at $1,900,000 after buying an additional 425 shares during the period. Finally, One Plus One Wealth Management LLC purchased a new stake in Broadridge Financial Solutions during the 3rd quarter worth approximately $264,000. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, President Christopher John Perry sold 31,539 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $207.37, for a total transaction of $6,540,242.43. Following the completion of the sale, the president now owns 67,215 shares in the company, valued at approximately $13,938,374.55. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, President Christopher John Perry sold 31,539 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $207.37, for a total transaction of $6,540,242.43. Following the completion of the transaction, the president now owns 67,215 shares of the company’s stock, valued at approximately $13,938,374.55. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leslie A. Brun sold 5,739 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $210.05, for a total value of $1,205,476.95. Following the completion of the transaction, the director now directly owns 77,318 shares of the company’s stock, valued at approximately $16,240,645.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 133,713 shares of company stock worth $27,967,456 over the last 90 days. 1.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

BR has been the topic of several analyst reports. StockNews.com upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. lifted their target price on Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Royal Bank of Canada restated an “outperform” rating and set a $246.00 price objective on shares of Broadridge Financial Solutions in a research report on Wednesday. Finally, Morgan Stanley boosted their price objective on Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an “equal weight” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $217.83.

Broadridge Financial Solutions Stock Up 0.8 %

Shares of Broadridge Financial Solutions stock opened at $221.18 on Friday. The stock’s fifty day moving average is $214.04 and its 200-day moving average is $206.69. The firm has a market capitalization of $25.85 billion, a PE ratio of 37.74 and a beta of 1.05. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.55. Broadridge Financial Solutions, Inc. has a 12-month low of $175.21 and a 12-month high of $225.29.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Tuesday, November 5th. The business services provider reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. Broadridge Financial Solutions had a return on equity of 42.77% and a net margin of 10.73%. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the company posted $1.09 earnings per share. Broadridge Financial Solutions’s revenue for the quarter was down .6% compared to the same quarter last year. Equities analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.51 earnings per share for the current year.

About Broadridge Financial Solutions

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.