Hazlett Burt & Watson Inc. Invests $38,000 in Broadridge Financial Solutions, Inc. (NYSE:BR)

Hazlett Burt & Watson Inc. bought 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 institutional investor bought 175 shares of the business services provider’s stock, valued at approximately $38,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Bogart Wealth LLC grew its holdings in Broadridge Financial Solutions by 384.0% during the 3rd quarter. Bogart Wealth LLC now owns 121 shares of the business services provider’s stock worth $26,000 after acquiring an additional 96 shares in the last quarter. EdgeRock Capital LLC acquired a new stake in Broadridge Financial Solutions during the 2nd quarter valued at approximately $32,000. Rothschild Investment LLC purchased a new stake in Broadridge Financial Solutions in the second quarter valued at $32,000. New Covenant Trust Company N.A. purchased a new stake in shares of Broadridge Financial Solutions in the first quarter worth about $34,000. Finally, Family Firm Inc. purchased a new stake in Broadridge Financial Solutions in the 2nd quarter worth approximately $37,000. 90.03% of the stock is currently owned by institutional investors.

Insider Activity

In other Broadridge Financial Solutions news, President Christopher John Perry sold 162 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $210.00, for a total value of $34,020.00. Following the sale, the president now directly owns 67,267 shares of the company’s stock, valued at approximately $14,126,070. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, President Christopher John Perry sold 162 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $210.00, for a total value of $34,020.00. Following the completion of the transaction, the president now owns 67,267 shares in the company, valued at approximately $14,126,070. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Laura Matlin sold 673 shares of Broadridge Financial Solutions stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $216.00, for a total value of $145,368.00. Following the sale, the vice president now owns 5,530 shares in the company, valued at $1,194,480. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 134,386 shares of company stock worth $28,112,824. Corporate insiders own 1.30% of the company’s stock.

Broadridge Financial Solutions Stock Down 0.3 %

Shares of NYSE:BR opened at $209.64 on Tuesday. The firm has a market capitalization of $24.50 billion, a PE ratio of 35.77 and a beta of 1.05. Broadridge Financial Solutions, Inc. has a 1 year low of $175.21 and a 1 year high of $224.32. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.08 and a quick ratio of 1.08. The firm’s 50-day moving average is $213.54 and its two-hundred day moving average is $206.20.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Tuesday, August 6th. The business services provider reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.49 by $0.01. Broadridge Financial Solutions had a net margin of 10.73% and a return on equity of 42.77%. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the business earned $3.21 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. Analysts predict that Broadridge Financial Solutions, Inc. will post 8.51 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. StockNews.com raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Friday. Finally, Royal Bank of Canada raised their target price on Broadridge Financial Solutions from $239.00 to $246.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Broadridge Financial Solutions has an average rating of “Moderate Buy” and an average price target of $213.33.

Broadridge Financial Solutions Company 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.