Broadridge Financial Solutions, Inc. (NYSE:BR) insider Timothy C. Gokey sold 37,737 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $126.48, for a total value of $4,772,975.76. Following the completion of the transaction, the insider now owns 110,349 shares of the company’s stock, valued at $13,956,941.52. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of NYSE:BR opened at $128.22 on Friday. The firm has a market cap of $14.35 billion, a P/E ratio of 27.52, a P/E/G ratio of 2.45 and a beta of 0.72. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.30. Broadridge Financial Solutions, Inc. has a 12-month low of $91.34 and a 12-month high of $138.24. The business has a fifty day simple moving average of $130.19 and a 200 day simple moving average of $116.99.
Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Thursday, August 1st. The business services provider reported $1.72 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.72. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.22 billion. Broadridge Financial Solutions had a return on equity of 46.61% and a net margin of 11.05%. Broadridge Financial Solutions’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period last year, the company earned $1.86 EPS. As a group, equities research analysts expect that Broadridge Financial Solutions, Inc. will post 5.13 EPS for the current year.
Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Broadridge Financial Solutions by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 14,484,063 shares of the business services provider’s stock worth $1,849,324,000 after acquiring an additional 134,732 shares during the period. Janus Henderson Group PLC grew its holdings in Broadridge Financial Solutions by 17.7% during the 1st quarter. Janus Henderson Group PLC now owns 7,824,319 shares of the business services provider’s stock worth $811,304,000 after acquiring an additional 1,177,867 shares during the period. Morgan Stanley grew its holdings in Broadridge Financial Solutions by 945.4% during the 2nd quarter. Morgan Stanley now owns 3,337,325 shares of the business services provider’s stock worth $426,109,000 after acquiring an additional 3,018,094 shares during the period. Baillie Gifford & Co. acquired a new stake in Broadridge Financial Solutions during the 2nd quarter worth about $243,622,000. Finally, Nuveen Asset Management LLC grew its holdings in Broadridge Financial Solutions by 909.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,190,667 shares of the business services provider’s stock worth $152,024,000 after acquiring an additional 1,072,664 shares during the period. 84.28% of the stock is owned by institutional investors and hedge funds.
BR has been the subject of a number of research reports. ValuEngine cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. SunTrust Banks increased their price target on Broadridge Financial Solutions from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Raymond James cut Broadridge Financial Solutions from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 31st. DA Davidson lowered Broadridge Financial Solutions from a “buy” rating to a “neutral” rating and set a $128.00 target price for the company. in a research report on Wednesday, May 8th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $131.00 target price for the company in a research report on Friday, May 10th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $129.20.
Broadridge Financial Solutions Company Profile
Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry worldwide. The company's Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services; and offers ProxyEdge, an electronic proxy delivery and voting solution.
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