Insider Selling: Broadridge Financial Solutions, Inc. (NYSE:BR) Insider Sells 24,185 Shares of Stock

Broadridge Financial Solutions, Inc. (NYSE:BR) insider Douglas Richard Deschutter sold 24,185 shares of the firm’s stock in a transaction that occurred on 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 owns 27,137 shares of the company’s stock, valued at $5,975,838.77. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Broadridge Financial Solutions Price Performance

Shares of Broadridge Financial Solutions stock traded up $3.94 during mid-day trading on Friday, reaching $225.12. 109,133 shares of the stock traded hands, compared to its average volume of 518,719. The business has a 50-day moving average of $214.04 and a 200 day moving average of $206.69. Broadridge Financial Solutions, Inc. has a fifty-two week low of $175.21 and a fifty-two week high of $226.16. The stock has a market capitalization of $26.31 billion, a PE ratio of 37.74 and a beta of 1.05. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.55.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Tuesday, November 5th. The business services provider reported $1.00 EPS for the quarter, beating 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 business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the firm earned $1.09 earnings per share. The business’s revenue was down .6% compared to the same quarter last year. On average, analysts predict that Broadridge Financial Solutions, Inc. will post 8.51 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $246.00 target price on shares of Broadridge Financial Solutions in a report on Wednesday. Morgan Stanley boosted their price target on Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an “equal weight” rating in a research report on Wednesday. StockNews.com raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. boosted their price target on Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Broadridge Financial Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $217.83.

Institutional Investors Weigh In On Broadridge Financial Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in BR. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Broadridge Financial Solutions in the third quarter valued at approximately $44,746,000. Assenagon Asset Management S.A. grew its position in Broadridge Financial Solutions by 3,197.8% in the third quarter. Assenagon Asset Management S.A. now owns 204,366 shares of the business services provider’s stock worth $43,945,000 after acquiring an additional 198,169 shares during the period. International Assets Investment Management LLC purchased a new position in Broadridge Financial Solutions in the third quarter worth approximately $274,650,000. Earnest Partners LLC grew its position in Broadridge Financial Solutions by 25.9% in the first quarter. Earnest Partners LLC now owns 364,195 shares of the business services provider’s stock worth $74,609,000 after acquiring an additional 75,006 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Broadridge Financial Solutions by 8.3% in the second quarter. Dimensional Fund Advisors LP now owns 941,125 shares of the business services provider’s stock worth $185,417,000 after acquiring an additional 72,018 shares during the period. Institutional investors and hedge funds 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.