Broadridge Financial Solutions, Inc. (NYSE:BR) Insider Douglas Richard Deschutter Sells 24,185 Shares

Broadridge Financial Solutions, Inc. (NYSE:BR) insider Douglas Richard Deschutter sold 24,185 shares of Broadridge Financial Solutions stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $220.21, for a total value of $5,325,778.85. Following the transaction, the insider now directly owns 27,137 shares of the company’s stock, valued at $5,975,838.77. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Broadridge Financial Solutions Stock Up 1.8 %

BR traded up $3.94 during trading on Friday, reaching $225.12. The stock had a trading volume of 109,133 shares, compared to its average volume of 518,719. The stock’s 50 day moving average is $214.04 and its two-hundred day moving average is $206.69. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.55. The company has a market capitalization of $26.31 billion, a price-to-earnings ratio of 37.74 and a beta of 1.05. Broadridge Financial Solutions, Inc. has a one year low of $175.21 and a one year high of $226.16.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Tuesday, November 5th. The business services provider reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. Broadridge Financial Solutions had a return on equity of 42.77% and a net margin of 10.73%. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the firm posted $1.09 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. As a group, analysts expect that Broadridge Financial Solutions, Inc. will post 8.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on BR shares. StockNews.com upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Royal Bank of Canada restated an “outperform” rating and set a $246.00 target price on shares of Broadridge Financial Solutions in a report on Wednesday. Morgan Stanley upped their target price on Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. upped their target price on Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $217.83.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Norden Group LLC bought a new position in shares of Broadridge Financial Solutions in the first quarter worth about $286,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Broadridge Financial Solutions by 2.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,710 shares of the business services provider’s stock worth $4,038,000 after buying an additional 508 shares during the period. Empirical Finance LLC raised its stake in shares of Broadridge Financial Solutions by 3.6% in the first quarter. Empirical Finance LLC now owns 4,130 shares of the business services provider’s stock worth $846,000 after buying an additional 144 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in shares of Broadridge Financial Solutions by 39.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 28,144 shares of the business services provider’s stock worth $5,766,000 after buying an additional 8,001 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Broadridge Financial Solutions in the first quarter worth about $641,000. Institutional investors own 90.03% of the company’s stock.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry. 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 distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions.