Broadridge Financial Solutions, Inc. (NYSE:BR) VP Sells $2,439,902.74 in Stock

Broadridge Financial Solutions, Inc. (NYSE:BR) VP Thomas P. Carey sold 10,757 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $226.82, for a total value of $2,439,902.74. Following the transaction, the vice president now owns 12,689 shares in the company, valued at approximately $2,878,118.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Broadridge Financial Solutions Price Performance

BR stock opened at $226.82 on Wednesday. The company’s 50-day moving average price is $214.87 and its two-hundred day moving average price is $207.51. Broadridge Financial Solutions, Inc. has a 12 month low of $176.29 and a 12 month high of $228.75. The company has a quick ratio of 1.08, a current ratio of 1.39 and a debt-to-equity ratio of 1.63. The firm has a market cap of $26.51 billion, a P/E ratio of 39.24 and a beta of 1.05.

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

Institutional Trading of Broadridge Financial Solutions

Several institutional investors and hedge funds have recently modified their holdings of BR. Bogart Wealth LLC raised its stake in Broadridge Financial Solutions by 384.0% during the third quarter. Bogart Wealth LLC now owns 121 shares of the business services provider’s stock worth $26,000 after acquiring an additional 96 shares in the last quarter. EdgeRock Capital LLC bought a new stake in shares of Broadridge Financial Solutions during the 2nd quarter valued at approximately $32,000. Rothschild Investment LLC bought a new stake in shares of Broadridge Financial Solutions during the 2nd quarter valued at approximately $32,000. New Covenant Trust Company N.A. acquired a new position in Broadridge Financial Solutions during the 1st quarter worth approximately $34,000. Finally, Family Firm Inc. bought a new position in Broadridge Financial Solutions in the 2nd quarter valued at approximately $37,000. 90.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BR has been the subject of a number of research reports. StockNews.com downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday. Morgan Stanley boosted their price objective on shares of Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $246.00 target price on shares of Broadridge Financial Solutions in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. boosted their price target on Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Broadridge Financial Solutions currently has an average rating of “Hold” and an average price target of $217.83.

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.