Maura A. Markus Sells 3,880 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR) Stock

Broadridge Financial Solutions, Inc. (NYSE:BR) Director Maura A. Markus sold 3,880 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $227.02, for a total transaction of $880,837.60. Following the completion of the transaction, the director now owns 27,788 shares in the company, valued at approximately $6,308,431.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Broadridge Financial Solutions Stock Up 0.5 %

Shares of BR traded up $1.14 during midday trading on Tuesday, hitting $227.35. The company had a trading volume of 155,772 shares, compared to its average volume of 518,805. The company’s 50-day simple moving average is $214.56 and its 200-day simple moving average is $207.28. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.08 and a current ratio of 1.39. The firm has a market capitalization of $26.57 billion, a P/E ratio of 39.14 and a beta of 1.05. Broadridge Financial Solutions, Inc. has a 1 year low of $176.29 and a 1 year high of $228.52.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Tuesday, November 5th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.03. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $1.09 EPS. As a group, sell-side analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on the company. StockNews.com lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday. Royal Bank of Canada restated an “outperform” rating and issued a $246.00 price objective on shares of Broadridge Financial Solutions in a report on Wednesday, November 6th. JPMorgan Chase & Co. raised their price objective on Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Finally, Morgan Stanley raised their target price on Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Broadridge Financial Solutions has an average rating of “Hold” and an average target price of $217.83.

Institutional Investors Weigh In On Broadridge Financial Solutions

Several institutional investors have recently added to or reduced their stakes in the business. Great Valley Advisor Group Inc. purchased a new stake in Broadridge Financial Solutions during the third quarter worth approximately $204,000. Icon Wealth Advisors LLC lifted its stake in Broadridge Financial Solutions by 5.8% during the third quarter. Icon Wealth Advisors LLC now owns 1,994 shares of the business services provider’s stock worth $429,000 after purchasing an additional 110 shares during the last quarter. Allen Capital Group LLC lifted its stake in Broadridge Financial Solutions by 67.7% during the third quarter. Allen Capital Group LLC now owns 13,197 shares of the business services provider’s stock worth $2,838,000 after purchasing an additional 5,327 shares during the last quarter. Intech Investment Management LLC lifted its stake in Broadridge Financial Solutions by 94.8% during the third quarter. Intech Investment Management LLC now owns 52,471 shares of the business services provider’s stock worth $11,283,000 after purchasing an additional 25,539 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Broadridge Financial Solutions by 5.8% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 105,497 shares of the business services provider’s stock worth $22,685,000 after buying an additional 5,818 shares during the period. Hedge funds and other 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.