Broadridge Financial Solutions (BR) : Clarkston Capital Partners scooped up 30,160 additional shares in Broadridge Financial Solutions during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 21, 2016. The investment management firm now holds a total of 1,176,945 shares of Broadridge Financial Solutions which is valued at $80,091,107.Broadridge Financial Solutions makes up approximately 4.00% of Clarkston Capital Partners’s portfolio.
Other Hedge Funds, Including , Cibc World Markets added BR to its portfolio by purchasing 3,517 company shares during the most recent quarter which is valued at $239,332.Leavell Investment Management boosted its stake in BR in the latest quarter, The investment management firm added 3,395 additional shares and now holds a total of 12,728 shares of Broadridge Financial Solutions which is valued at $860,158. Broadridge Financial Solutions makes up approx 0.12% of Leavell Investment Management’s portfolio. Nn Investment Partners Holdings N.v. added BR to its portfolio by purchasing 1,100 company shares during the most recent quarter which is valued at $73,480. Cutler Group Lp added BR to its portfolio by purchasing 112 company shares during the most recent quarter which is valued at $7,482. Gulf International Bank (uk) Ltd added BR to its portfolio by purchasing 34,600 company shares during the most recent quarter which is valued at $2,311,280. Broadridge Financial Solutions makes up approx 0.04% of Gulf International Bank (uk) Ltd’s portfolio.
Broadridge Financial Solutions closed down -0.53 points or -0.78% at $67.65 with 4,28,389 shares getting traded on Thursday. Post opening the session at $68.12, the shares hit an intraday low of $67.48 and an intraday high of $68.41 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Broadridge Financial Solutions reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.51. The company had revenue of $688.80 million for the quarter, compared to analysts expectations of $686.40 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.
Many Wall Street Analysts have commented on Broadridge Financial Solutions. Barclays Downgraded Broadridge Financial Solutions on Jul 7, 2016 to ” Equal Weight”, Price Target of the shares are set at $67.Broadridge Financial Solutions was Downgraded by Avondale to ” Mkt Perform” on Jun 15, 2016. Broadridge Financial Solutions was Downgraded by Raymond James to ” Mkt Perform” on Jun 7, 2016.
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 delivers a range of solutions that help its clients serve their retail and institutional customers across the entire investment lifecycle including pre-trade trade and post-trade processing. It serves a diverse client base across its five businesses: Bank/Broker-Dealer Investor Communication Solutions Corporate Issuer Solutions Advisor Solutions Mutual Fund and Retirement Solutions and Global Technology and Operations. Its businesses operate in two business segments: Investor Communication Solutions and Global Technology and Operations. Its services include investor communications securities processing and data and analytics solutions. It provides an infrastructure that helps the financial services industry operate. It provides financial services firms with integrated systems.