Intrust Bank Na Lowers stake in Broadridge Financial Solutions (BR)

Broadridge Financial Solutions (BR) : Intrust Bank Na reduced its stake in Broadridge Financial Solutions by 27.21% during the most recent quarter end. The investment management company now holds a total of 34,612 shares of Broadridge Financial Solutions which is valued at $2,352,924 after selling 12,938 shares in Broadridge Financial Solutions , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Broadridge Financial Solutions makes up approximately 0.93% of Intrust Bank Na’s portfolio.

Other Hedge Funds, Including , Sawgrass Asset Management boosted its stake in BR in the latest quarter, The investment management firm added 9,110 additional shares and now holds a total of 13,710 shares of Broadridge Financial Solutions which is valued at $932,006. Broadridge Financial Solutions makes up approx 0.04% of Sawgrass Asset Management’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in BR in the latest quarter, The investment management firm added 8,120 additional shares and now holds a total of 54,237 shares of Broadridge Financial Solutions which is valued at $3,687,031. Broadridge Financial Solutions makes up approx 0.08% of Oregon Public Employees Retirement Fund’s portfolio.Pggm Investments boosted its stake in BR in the latest quarter, The investment management firm added 35,451 additional shares and now holds a total of 510,588 shares of Broadridge Financial Solutions which is valued at $34,811,890. Broadridge Financial Solutions makes up approx 0.17% of Pggm Investments’s portfolio. Old Second National Bank Of Aurora sold out all of its stake in BR during the most recent quarter. The investment firm sold 12 shares of BR which is valued $817. Rockefeller Financial Services Inc sold out all of its stake in BR during the most recent quarter. The investment firm sold 132 shares of BR which is valued $8,983.

Broadridge Financial Solutions closed down -0.27 points or -0.39% at $68.49 with 6,50,062 shares getting traded on Monday. Post opening the session at $68.76, the shares hit an intraday low of $68.46 and an intraday high of $68.93 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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. 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.

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