Broadridge Financial Solutions, Inc. (NYSE:BR) Chairman Richard J. Daly sold 55,481 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $126.67, for a total transaction of $7,027,778.27. Following the completion of the transaction, the chairman now directly owns 272,180 shares of the company’s stock, valued at $34,477,040.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Broadridge Financial Solutions stock traded up $0.03 during trading hours on Tuesday, reaching $125.46. 666,900 shares of the company’s stock were exchanged, compared to its average volume of 803,778. The company has a 50 day moving average of $127.25 and a two-hundred day moving average of $121.81. Broadridge Financial Solutions, Inc. has a fifty-two week low of $91.34 and a fifty-two week high of $136.99. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.30. The stock has a market cap of $14.48 billion, a P/E ratio of 26.92, a P/E/G ratio of 2.47 and a beta of 0.71.
Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Thursday, August 1st. The business services provider reported $1.72 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.72. Broadridge Financial Solutions had a net margin of 11.05% and a return on equity of 46.61%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the business posted $1.86 EPS. The company’s quarterly revenue was down 8.3% on a year-over-year basis. As a group, analysts expect that Broadridge Financial Solutions, Inc. will post 5.12 earnings per share for the current fiscal year.
BR has been the subject of a number of research analyst reports. Raymond James lowered shares of Broadridge Financial Solutions from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 31st. ValuEngine upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Wednesday, August 21st. Finally, SunTrust Banks increased their price objective on shares of Broadridge Financial Solutions from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Broadridge Financial Solutions presently has an average rating of “Buy” and an average target price of $129.20.
Several institutional investors have recently bought and sold shares of BR. Harvest Group Wealth Management LLC lifted its stake in Broadridge Financial Solutions by 183.3% in the 2nd quarter. Harvest Group Wealth Management LLC now owns 221 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 143 shares during the last quarter. Roble Belko & Company Inc acquired a new stake in Broadridge Financial Solutions in the 1st quarter valued at about $30,000. Icon Wealth Partners LLC acquired a new stake in Broadridge Financial Solutions in the 1st quarter valued at about $39,000. CSat Investment Advisory L.P. lifted its stake in Broadridge Financial Solutions by 35.9% in the 2nd quarter. CSat Investment Advisory L.P. now owns 348 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 92 shares during the last quarter. Finally, HM Payson & Co. acquired a new stake in Broadridge Financial Solutions in the 2nd quarter valued at about $57,000. Institutional investors own 88.33% of the company’s stock.
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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