Broadridge Financial Solutions (BR) : Pennsylvania Trust Co scooped up 993 additional shares in Broadridge Financial Solutions during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 118,573 shares of Broadridge Financial Solutions which is valued at $7,794,989.Broadridge Financial Solutions makes up approximately 0.64% of Pennsylvania Trust Co’s portfolio.
Other Hedge Funds, Including , Reliance Trust Co Of Delaware reduced its stake in BR by selling 302 shares or 5.25% in the most recent quarter. The Hedge Fund company now holds 5,448 shares of BR which is valued at $358,152. Broadridge Financial Solutions makes up approx 0.03% of Reliance Trust Co Of Delaware’s portfolio.Capstone Asset Management Co reduced its stake in BR by selling 268 shares or 2.09% in the most recent quarter. The Hedge Fund company now holds 12,575 shares of BR which is valued at $818,758. Broadridge Financial Solutions makes up approx 0.02% of Capstone Asset Management Co’s portfolio.Fruth Investment Management reduced its stake in BR by selling 1,300 shares or 3.57% in the most recent quarter. The Hedge Fund company now holds 35,100 shares of BR which is valued at $2,285,361. Broadridge Financial Solutions makes up approx 1.16% of Fruth Investment Management’s portfolio.
Broadridge Financial Solutions opened for trading at $65.53 and hit $65.96 on the upside on Friday, eventually ending the session at $65.74, with a gain of 0.74% or 0.48 points. The heightened volatility saw the trading volume jump to 4,27,923 shares. Company has a market cap of $7,776 M.
On the company’s financial health, Broadridge Financial Solutions reported $1.45 EPS for the quarter, based on the information available during the earnings call on Aug 9, 2016. Analyst had a consensus estimate of $1.45. The company had revenue of $974.50 million for the quarter, compared to analysts expectations of $988.65 million. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.40 EPS.
Many Wall Street Analysts have commented on Broadridge Financial Solutions. Broadridge Financial Solutions was Downgraded by Sandler O’Neill to ” Hold” on Sep 29, 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.