Clarkston Capital Partners buys $69,082,328 stake in Broadridge Financial Solutions (BR)

Broadridge Financial Solutions (BR) : Clarkston Capital Partners scooped up 49,279 additional shares in Broadridge Financial Solutions during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 1,146,785 shares of Broadridge Financial Solutions which is valued at $69,082,328.Broadridge Financial Solutions makes up approximately 3.83% of Clarkston Capital Partners’s portfolio.

Broadridge Financial Solutions opened for trading at $58.8 and hit $60.3 on the upside on Friday, eventually ending the session at $60.24, with a gain of 1.89% or 1.12 points. The heightened volatility saw the trading volume jump to 8,93,948 shares. Company has a market cap of $7,121 M.

Other Hedge Funds, Including , Thompson Davis boosted its stake in BR in the latest quarter, The investment management firm added 219 additional shares and now holds a total of 375 shares of Broadridge Financial Solutions which is valued at $22,590. Broadridge Financial Solutions makes up approx 0.03% of Thompson Davis’s portfolio.Greenleaf Trust reduced its stake in BR by selling 68,450 shares or 16.18% in the most recent quarter. The Hedge Fund company now holds 354,651 shares of BR which is valued at $21,222,316. Broadridge Financial Solutions makes up approx 0.57% of Greenleaf Trust’s portfolio.Boston Advisors boosted its stake in BR in the latest quarter, The investment management firm added 31,159 additional shares and now holds a total of 682,822 shares of Broadridge Financial Solutions which is valued at $41,023,946. Broadridge Financial Solutions makes up approx 1.00% of Boston Advisors’s portfolio.Capital One National Association boosted its stake in BR in the latest quarter, The investment management firm added 322 additional shares and now holds a total of 22,456 shares of Broadridge Financial Solutions which is valued at $1,349,156. Broadridge Financial Solutions makes up approx 0.12% of Capital One National Association’s portfolio.

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.

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.

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