Insider Selling: Broadridge Financial Solutions, Inc. (BR) VP Sells 25,125 Shares of Stock

Broadridge Financial Solutions, Inc. (NYSE:BR) VP Laura Matlin sold 25,125 shares of Broadridge Financial Solutions stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $95.76, for a total value of $2,405,970.00. Following the sale, the vice president now directly owns 6,253 shares in the company, valued at approximately $598,787.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Broadridge Financial Solutions, Inc. (NYSE BR) traded up $1.25 during midday trading on Thursday, hitting $100.39. The stock had a trading volume of 397,806 shares, compared to its average volume of 527,180. The company has a market cap of $11,500.94, a P/E ratio of 31.57, a P/E/G ratio of 2.44 and a beta of 1.01. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.14. Broadridge Financial Solutions, Inc. has a 52-week low of $66.49 and a 52-week high of $100.75.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.21. Broadridge Financial Solutions had a return on equity of 44.02% and a net margin of 8.74%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $945.80 million. During the same quarter in the previous year, the business earned $0.39 EPS. Broadridge Financial Solutions’s revenue was up 13.4% compared to the same quarter last year. research analysts expect that Broadridge Financial Solutions, Inc. will post 4.04 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Thursday, March 15th will be issued a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Wednesday, March 14th. Broadridge Financial Solutions’s payout ratio is currently 46.50%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Toronto Dominion Bank boosted its holdings in Broadridge Financial Solutions by 11.4% during the 2nd quarter. Toronto Dominion Bank now owns 1,453 shares of the business services provider’s stock valued at $110,000 after acquiring an additional 149 shares during the period. Profund Advisors LLC boosted its holdings in Broadridge Financial Solutions by 4.2% during the 4th quarter. Profund Advisors LLC now owns 14,401 shares of the business services provider’s stock valued at $1,304,000 after acquiring an additional 586 shares during the period. Pictet Asset Management Ltd. boosted its holdings in Broadridge Financial Solutions by 1.5% during the 3rd quarter. Pictet Asset Management Ltd. now owns 40,900 shares of the business services provider’s stock valued at $3,306,000 after acquiring an additional 600 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Broadridge Financial Solutions by 3.6% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,504 shares of the business services provider’s stock valued at $1,588,000 after acquiring an additional 607 shares during the period. Finally, First Republic Investment Management Inc. boosted its holdings in Broadridge Financial Solutions by 22.5% during the 4th quarter. First Republic Investment Management Inc. now owns 3,306 shares of the business services provider’s stock valued at $299,000 after acquiring an additional 607 shares during the period. Institutional investors own 82.95% of the company’s stock.

A number of analysts have issued reports on BR shares. Barclays lifted their price objective on Broadridge Financial Solutions from $74.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 9th. Raymond James Financial reaffirmed a “hold” rating on shares of Broadridge Financial Solutions in a research note on Monday, December 4th. Zacks Investment Research downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Sandler O’Neill set a $95.00 target price on Broadridge Financial Solutions and gave the company a “hold” rating in a research report on Thursday, February 8th. Finally, ValuEngine downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $98.75.

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About Broadridge Financial Solutions

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’s segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment.

Insider Buying and Selling by Quarter for Broadridge Financial Solutions (NYSE:BR)

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