BI Asset Management Fondsmaeglerselskab A S Purchases 18,906 Shares of ...
π BI Asset Management Fondsmaeglerselskab A S increased its holdings in Broadridge Financial Solutions by 100.9% during the first quarter.
π° The institutional investor now owns 37,650 shares valued at $6,117,000 according to recent SEC filings.
π Several other funds including Reflection Asset Management and Nemes Rush Group LLC acquired new stakes in the fourth quarter.
π€ WPG Advisers LLC boosted its position by 77.5% while DV Equities LLC established a new position worth $37,000.
π¦ Institutional investors collectively own 90.03% of Broadridge Financial Solutions' outstanding stock.
π The stock opened at $136.12 on Tuesday with a market capitalization of $15.74 billion.
π Technical indicators show a 50-day moving average of $151.18 and a 200-day moving average of $180.77.
π΅ The company declared a quarterly dividend of $0.975 per share payable on July 2nd to shareholders of record on June 12th.
π Insider Hope M. Jarkowski sold 1,966 shares for $304,730, reducing her personal stake by 99.95%.
π₯ Company insiders currently hold 1.10% of the total stock outstanding.
π Needham & Company LLC lowered its price target to $230 while maintaining a "buy" rating.
π UBS Group reduced its price target significantly from $250 to $165 and issued a "neutral" rating.
π Weiss Ratings downgraded the stock from "hold (c)" to "hold (c-)" in late May.
π Four analysts rate the stock as a Buy while four rate it as a Hold, resulting in a consensus of "Moderate Buy".
π― The average analyst price target for Broadridge Financial Solutions is $221.57 based on MarketBeat data.
π Broadridge provides mission-critical fintech infrastructure including investor communications and securities processing services.
π» Core offerings include proxy voting, trade reconciliation, and software-as-a-service platforms for wealth managers.
π The company has a PE ratio of 14.57 and a beta of 0.88 indicating lower volatility than the market.
π Financial ratios show a debt-to-equity of 0.97 and current/quick ratios both at 0.94.
π The stock reached a 52-week high of $271.91 and a low of $133.83 over the past year.
- Major institutional investor BI Asset Management Fondsmaeglerselskab A S significantly boosted its holdings in Broadridge Financial Solutions by 100.9% during the first quarter, increasing its stake to 37,650 shares valued at $6.1 million.
- The stock opened at $136.12, trading significantly below its 50-day moving average of $151.18 and 200-day moving average of $180.77.
- UBS Group lowered its price target to $165.00 with a 'neutral' rating, while DA Davidson reduced their target to $214.00.
- Weiss Ratings adjusted its stance from 'hold (c)' to a lower 'hold (c-)' rating.
- Insider Hope M. Jarkowski sold 1,966 shares for a total of $304,730, retaining only one share and reducing their position by 99.95%.