Broadridge Financial Solutions, Inc. (NYSE:BR) Director Maura A. Markus sold 13,194 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $121.15, for a total transaction of $1,598,453.10. Following the sale, the director now owns 21,620 shares of the company’s stock, valued at approximately $2,619,263. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
BR traded up $0.02 during trading hours on Wednesday, hitting $121.48. The stock had a trading volume of 7,870 shares, compared to its average volume of 554,514. The company’s fifty day simple moving average is $122.46 and its 200 day simple moving average is $126.49. Broadridge Financial Solutions, Inc. has a 1 year low of $91.34 and a 1 year high of $136.99. The stock has a market cap of $14.18 billion, a PE ratio of 26.07 and a beta of 0.67. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.20.
Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Wednesday, November 6th. The business services provider reported $0.68 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.04). The business had revenue of $949.00 million for the quarter, compared to analysts’ expectations of $979.61 million. Broadridge Financial Solutions had a net margin of 10.63% and a return on equity of 46.28%. Broadridge Financial Solutions’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the company earned $0.79 earnings per share. As a group, equities analysts expect that Broadridge Financial Solutions, Inc. will post 5.09 EPS for the current year.
Separately, ValuEngine downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $129.20.
Several hedge funds and other institutional investors have recently bought and sold shares of BR. NEXT Financial Group Inc bought a new stake in shares of Broadridge Financial Solutions during the 2nd quarter valued at $174,000. Commonwealth Equity Services LLC boosted its position in shares of Broadridge Financial Solutions by 5.8% in the second quarter. Commonwealth Equity Services LLC now owns 18,903 shares of the business services provider’s stock valued at $2,413,000 after acquiring an additional 1,041 shares during the period. AE Wealth Management LLC grew its stake in Broadridge Financial Solutions by 62.2% during the second quarter. AE Wealth Management LLC now owns 4,030 shares of the business services provider’s stock valued at $514,000 after acquiring an additional 1,546 shares in the last quarter. Hartford Investment Management Co. grew its stake in Broadridge Financial Solutions by 1.0% during the second quarter. Hartford Investment Management Co. now owns 12,816 shares of the business services provider’s stock valued at $1,636,000 after acquiring an additional 130 shares in the last quarter. Finally, Appleton Partners Inc. MA increased its holdings in Broadridge Financial Solutions by 13.7% during the 2nd quarter. Appleton Partners Inc. MA now owns 2,879 shares of the business services provider’s stock worth $368,000 after acquiring an additional 346 shares during the period. 86.32% of the stock is currently owned by institutional investors.
About Broadridge Financial Solutions
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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