Insider Selling: Broadridge Financial Solutions, Inc. (NYSE:BR) Director Sells 4,829 Shares of Stock

Broadridge Financial Solutions, Inc. (NYSE:BR) Director Pamela L. Carter sold 4,829 shares of the business’s stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $242.23, for a total transaction of $1,169,728.67. Following the completion of the sale, the director now directly owns 7,242 shares in the company, valued at $1,754,229.66. This trade represents a 40.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Broadridge Financial Solutions Trading Down 0.4%

Shares of BR stock traded down $0.90 on Tuesday, reaching $241.90. 78,470 shares of the stock were exchanged, compared to its average volume of 540,760. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market cap of $28.41 billion, a PE ratio of 37.85 and a beta of 0.98. The stock has a 50 day moving average price of $234.58 and a 200 day moving average price of $233.13. Broadridge Financial Solutions, Inc. has a one year low of $192.68 and a one year high of $247.01.

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

Broadridge Financial Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Thursday, June 12th will be given a $0.88 dividend. The ex-dividend date is Thursday, June 12th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.46%. Broadridge Financial Solutions’s dividend payout ratio is 52.93%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Curio Wealth LLC acquired a new stake in shares of Broadridge Financial Solutions during the fourth quarter worth $45,000. Park Place Capital Corp lifted its holdings in shares of Broadridge Financial Solutions by 31.3% in the fourth quarter. Park Place Capital Corp now owns 5,831 shares of the business services provider’s stock valued at $1,318,000 after purchasing an additional 1,391 shares in the last quarter. Crown Oak Advisors LLC lifted its holdings in shares of Broadridge Financial Solutions by 10.8% in the fourth quarter. Crown Oak Advisors LLC now owns 36,376 shares of the business services provider’s stock valued at $8,224,000 after purchasing an additional 3,553 shares in the last quarter. Tributary Capital Management LLC boosted its position in shares of Broadridge Financial Solutions by 43.4% during the fourth quarter. Tributary Capital Management LLC now owns 5,003 shares of the business services provider’s stock worth $1,131,000 after buying an additional 1,513 shares during the period. Finally, Northstar Asset Management Inc. bought a new position in shares of Broadridge Financial Solutions during the fourth quarter worth about $2,750,000. Institutional investors own 90.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BR. Morgan Stanley upped their target price on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. UBS Group increased their target price on Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. boosted their price target on Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. DA Davidson reiterated a “neutral” rating and issued a $215.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, January 21st. Finally, Needham & Company LLC assumed coverage on shares of Broadridge Financial Solutions in a research note on Tuesday, May 6th. They issued a “buy” rating and a $300.00 target price on the stock. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $250.83.

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.