Insider Selling: Broadridge Financial Solutions, Inc. (NYSE:BR) Insider Sells 1,068 Shares of Stock

Broadridge Financial Solutions, Inc. (NYSE:BR) insider Hope M. Jarkowski sold 1,068 shares of the business’s stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $235.22, for a total transaction of $251,214.96. Following the transaction, the insider now owns 1,070 shares in the company, valued at $251,685.40. The trade was a 49.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Broadridge Financial Solutions Price Performance

Shares of NYSE:BR opened at $236.92 on Friday. Broadridge Financial Solutions, Inc. has a 1-year low of $192.68 and a 1-year high of $247.01. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.64. The stock has a market cap of $27.83 billion, a PE ratio of 37.08 and a beta of 0.98. The stock’s fifty day simple moving average is $233.94 and its two-hundred day simple moving average is $231.78.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Thursday, May 1st. The business services provider reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.03. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. The business’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.23 earnings per share. As a group, analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BR. Royal Bank of Canada upped their price objective on shares of Broadridge Financial Solutions from $246.00 to $259.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. StockNews.com upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Friday. DA Davidson reissued a “neutral” rating and issued a $215.00 price objective on shares of Broadridge Financial Solutions in a research note on Tuesday, January 21st. Morgan Stanley increased their target price on Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. Finally, UBS Group upped their price objective on shares of Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Broadridge Financial Solutions has a consensus rating of “Hold” and a consensus target price of $250.83.

Hedge Funds Weigh In On Broadridge Financial Solutions

Institutional investors have recently bought and sold shares of the company. CenterBook Partners LP purchased a new stake in Broadridge Financial Solutions in the first quarter worth $387,000. Deutsche Bank AG increased its holdings in Broadridge Financial Solutions by 4.1% in the 1st quarter. Deutsche Bank AG now owns 485,510 shares of the business services provider’s stock worth $117,717,000 after acquiring an additional 19,222 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in Broadridge Financial Solutions by 14.5% in the 1st quarter. Chicago Partners Investment Group LLC now owns 1,305 shares of the business services provider’s stock valued at $308,000 after acquiring an additional 165 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Broadridge Financial Solutions by 1.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 694,631 shares of the business services provider’s stock valued at $168,420,000 after purchasing an additional 9,842 shares during the last quarter. Finally, ASR Vermogensbeheer N.V. bought a new position in Broadridge Financial Solutions during the first quarter worth about $31,624,000. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Company Profile

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.