Running Oak Capital LLC Purchases 3,457 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Running Oak Capital LLC lifted its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 5.7% in the fourth quarter, HoldingsChannel reports. The firm owned 64,290 shares of the business services provider’s stock after purchasing an additional 3,457 shares during the quarter. Broadridge Financial Solutions accounts for 1.9% of Running Oak Capital LLC’s portfolio, making the stock its 15th largest position. Running Oak Capital LLC’s holdings in Broadridge Financial Solutions were worth $14,535,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BR. Bogart Wealth LLC lifted its stake in shares of Broadridge Financial Solutions by 384.0% in the 3rd quarter. Bogart Wealth LLC now owns 121 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 96 shares during the last quarter. True Wealth Design LLC lifted its position in Broadridge Financial Solutions by 2,028.6% in the third quarter. True Wealth Design LLC now owns 149 shares of the business services provider’s stock worth $32,000 after buying an additional 142 shares during the last quarter. Fortitude Family Office LLC boosted its stake in Broadridge Financial Solutions by 246.7% during the fourth quarter. Fortitude Family Office LLC now owns 156 shares of the business services provider’s stock worth $35,000 after buying an additional 111 shares during the period. Hazlett Burt & Watson Inc. bought a new position in Broadridge Financial Solutions during the third quarter valued at $38,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of Broadridge Financial Solutions in the third quarter valued at $39,000. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Trading Up 0.3 %

BR opened at $237.48 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.63. The stock’s fifty day moving average is $230.15 and its two-hundred day moving average is $218.96. The company has a market capitalization of $27.76 billion, a P/E ratio of 41.09 and a beta of 1.08. Broadridge Financial Solutions, Inc. has a 52 week low of $188.30 and a 52 week high of $237.96.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Tuesday, November 5th. The business services provider reported $1.00 EPS for the quarter, beating the consensus estimate of $0.97 by $0.03. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the firm posted $1.09 earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. Analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, December 13th. Broadridge Financial Solutions’s payout ratio is 60.90%.

Insider Activity at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 15,710 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $230.32, for a total value of $3,618,327.20. Following the completion of the transaction, the vice president now directly owns 12,146 shares of the company’s stock, valued at approximately $2,797,466.72. The trade was a 56.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Douglas Richard Deschutter sold 24,185 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $220.21, for a total transaction of $5,325,778.85. Following the sale, the insider now directly owns 27,137 shares in the company, valued at $5,975,838.77. The trade was a 47.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,532 shares of company stock worth $12,264,846 over the last quarter. Insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Wolfe Research reaffirmed a “peer perform” rating on shares of Broadridge Financial Solutions in a research note on Thursday, December 12th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $246.00 target price on shares of Broadridge Financial Solutions in a research note on Wednesday, November 6th. DA Davidson reissued a “neutral” rating and set a $215.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday. Morgan Stanley upped 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, November 6th. Finally, StockNews.com downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Broadridge Financial Solutions presently has a consensus rating of “Hold” and a consensus target price of $226.71.

Broadridge Financial Solutions 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.