Broadridge Financial Solutions (NYSE:BR) Director Maura Markus Sells 3,180 Shares of Company Stock

Broadridge Financial Solutions, Inc. (NYSE:BR) Director Maura Markus sold 3,180 shares of the business’s stock in a transaction on Thursday, November 12th. The shares were sold at an average price of $191.89, for a total transaction of $610,210.20. Following the sale, the director directly owned 33,769 shares in the company, valued at approximately $6,479,933.41. This trade represents a 8.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Broadridge Financial Solutions Stock Up 0.2%

Shares of BR traded up $0.39 during mid-day trading on Thursday, reaching $193.24. The company’s stock had a trading volume of 246,212 shares, compared to its average volume of 1,317,627. The company has a market cap of $21.86 billion, a price-to-earnings ratio of 21.34 and a beta of 0.90. The business has a fifty day moving average of $172.76 and a 200 day moving average of $165.62. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.28. Broadridge Financial Solutions, Inc. has a 1 year low of $133.83 and a 1 year high of $233.10.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Tuesday, November 3rd. The business services provider reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.19. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.65 billion. Broadridge Financial Solutions had a return on equity of 40.32% and a net margin of 13.94%. Broadridge Financial Solutions’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.51 earnings per share. As a group, analysts forecast that Broadridge Financial Solutions, Inc. will post 10.58 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 11th. Stockholders of record on Thursday, December 10th will be given a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, December 10th. Broadridge Financial Solutions’s dividend payout ratio is 48.18%.

Analysts Set New Price Targets

BR has been the topic of a number of research analyst reports. DA Davidson reaffirmed a “buy” rating and set a $214.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, October 27th. Morgan Stanley boosted their target price on Broadridge Financial Solutions from $176.00 to $181.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 4th. UBS Group reiterated a “neutral” rating and issued a $180.00 target price on shares of Broadridge Financial Solutions in a research note on Monday, August 17th. Royal Bank Of Canada upped their price objective on shares of Broadridge Financial Solutions from $225.00 to $226.00 and gave the stock an “outperform” rating in a report on Monday, August 31st. Finally, Weiss Ratings upgraded Broadridge Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $212.71.

Institutional Investors Weigh In On Broadridge Financial Solutions

A number of institutional investors have recently added to or reduced their stakes in the company. Kintegral Advisory LLC grew its holdings in shares of Broadridge Financial Solutions by 0.6% during the 3rd quarter. Kintegral Advisory LLC now owns 10,764 shares of the business services provider’s stock worth $1,746,000 after purchasing an additional 60 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Broadridge Financial Solutions by 3.6% during the 3rd quarter. Parallel Advisors LLC now owns 1,769 shares of the business services provider’s stock valued at $285,000 after acquiring an additional 61 shares in the last quarter. Harbour Investments Inc. increased its stake in Broadridge Financial Solutions by 9.2% in the third quarter. Harbour Investments Inc. now owns 756 shares of the business services provider’s stock valued at $122,000 after acquiring an additional 64 shares during the period. Diversified Trust Co raised its position in Broadridge Financial Solutions by 3.8% in the third quarter. Diversified Trust Co now owns 1,793 shares of the business services provider’s stock worth $289,000 after purchasing an additional 66 shares in the last quarter. Finally, North Dakota State Investment Board raised its position in Broadridge Financial Solutions by 1.9% in the third quarter. North Dakota State Investment Board now owns 3,532 shares of the business services provider’s stock worth $569,000 after purchasing an additional 67 shares in the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions provides technology and operations services to financial institutions, public companies, and investors. Its platforms support investor communications, corporate governance, and the processing of financial transactions. The company’s services include preparing and distributing proxy materials and other shareholder communications, supporting shareholder voting, and providing solutions for trading, clearing, settlement, and asset servicing. Broadridge also offers technology for wealth and investment management, including portfolio and account management, data, and regulatory reporting.