Broadridge Financial Solutions, Inc. (NYSE:BR) insider C Elisa D. Garcia sold 5,089 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $15.48, for a total value of $78,777.72.
Shares of NYSE BR traded up $1.23 during mid-day trading on Wednesday, reaching $126.70. The company had a trading volume of 161,063 shares, compared to its average volume of 458,348. 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 $14.30 billion, a PE ratio of 27.19, a P/E/G ratio of 2.47 and a beta of 0.71. The company has a 50-day moving average price of $127.21 and a two-hundred day moving average price of $121.94. Broadridge Financial Solutions, Inc. has a 1-year low of $91.34 and a 1-year high of $136.99.
Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Thursday, August 1st. The business services provider reported $1.72 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.72. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Broadridge Financial Solutions had a return on equity of 46.61% and a net margin of 11.05%. The company’s quarterly revenue was down 8.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.86 EPS. On average, research analysts expect that Broadridge Financial Solutions, Inc. will post 5.12 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Harvest Group Wealth Management LLC grew its holdings in shares of Broadridge Financial Solutions by 183.3% during the second quarter. Harvest Group Wealth Management LLC now owns 221 shares of the business services provider’s stock valued at $28,000 after buying an additional 143 shares in the last quarter. Roble Belko & Company Inc purchased a new position in shares of Broadridge Financial Solutions during the first quarter valued at $30,000. Icon Wealth Partners LLC purchased a new position in shares of Broadridge Financial Solutions during the first quarter valued at $39,000. CSat Investment Advisory L.P. grew its holdings in shares of Broadridge Financial Solutions by 35.9% during the second quarter. CSat Investment Advisory L.P. now owns 348 shares of the business services provider’s stock valued at $45,000 after buying an additional 92 shares in the last quarter. Finally, HM Payson & Co. purchased a new position in shares of Broadridge Financial Solutions during the second quarter valued at $57,000. Institutional investors and hedge funds own 88.33% of the company’s stock.
A number of analysts have recently commented on BR shares. SunTrust Banks boosted their price objective on Broadridge Financial Solutions from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. ValuEngine upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Wednesday, August 21st. Finally, Raymond James cut Broadridge Financial Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price 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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