Insider Selling: Broadridge Financial Solutions, Inc. (NYSE:BR) VP Sells $1,866,114.00 in Stock

Broadridge Financial Solutions, Inc. (NYSE:BR) VP Julie R. Taylor sold 14,466 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $129.00, for a total transaction of $1,866,114.00. Following the completion of the sale, the vice president now owns 25,898 shares in the company, valued at approximately $3,340,842. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Broadridge Financial Solutions stock opened at $131.27 on Thursday. The company’s 50-day moving average price is $130.23 and its 200-day moving average price is $117.44. Broadridge Financial Solutions, Inc. has a twelve month low of $91.34 and a twelve month high of $138.24. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.30. The company has a market cap of $14.84 billion, a PE ratio of 28.17, a price-to-earnings-growth ratio of 2.50 and a beta of 0.72.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Thursday, August 1st. The business services provider reported $1.72 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.72. Broadridge Financial Solutions had a net margin of 11.05% and a return on equity of 46.61%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the firm posted $1.86 EPS. The business’s quarterly revenue was down 8.3% on a year-over-year basis. As a group, sell-side analysts expect that Broadridge Financial Solutions, Inc. will post 5.13 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th will be issued a $0.54 dividend. The ex-dividend date is Thursday, September 12th. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.49. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.65%. Broadridge Financial Solutions’s payout ratio is 41.63%.

Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in Broadridge Financial Solutions by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 648,360 shares of the business services provider’s stock valued at $62,403,000 after purchasing an additional 19,230 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in Broadridge Financial Solutions during the first quarter valued at approximately $402,000. Retirement Systems of Alabama boosted its position in Broadridge Financial Solutions by 0.4% during the first quarter. Retirement Systems of Alabama now owns 53,866 shares of the business services provider’s stock valued at $5,585,000 after purchasing an additional 221 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Broadridge Financial Solutions by 5.4% during the first quarter. Nisa Investment Advisors LLC now owns 56,520 shares of the business services provider’s stock valued at $5,861,000 after purchasing an additional 2,890 shares during the last quarter. Finally, IFM Investors Pty Ltd boosted its position in Broadridge Financial Solutions by 8.5% during the first quarter. IFM Investors Pty Ltd now owns 7,151 shares of the business services provider’s stock valued at $741,000 after purchasing an additional 561 shares during the last quarter. Hedge funds and other institutional investors own 86.75% of the company’s stock.

Several analysts have commented on the stock. Raymond James cut shares of Broadridge Financial Solutions from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 31st. SunTrust Banks boosted their price target 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. DA Davidson cut shares of Broadridge Financial Solutions from a “buy” rating to a “neutral” rating and set a $128.00 price target on the stock. in a research note on Wednesday, May 8th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $131.00 price target on the stock in a research note on Friday, May 10th. Finally, ValuEngine upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $129.20.

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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Insider Buying and Selling by Quarter for Broadridge Financial Solutions (NYSE:BR)

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