Broadridge Financial Solutions, Inc. (NYSE:BR) SVP Christopher John Perry sold 45,426 shares of the business’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $74.32, for a total value of $3,376,060.32. Following the transaction, the senior vice president now owns 64,268 shares of the company’s stock, valued at approximately $4,776,397.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Christopher John Perry also recently made the following trade(s):

  • On Tuesday, May 23rd, Christopher John Perry sold 66,516 shares of Broadridge Financial Solutions stock. The stock was sold at an average price of $74.40, for a total value of $4,948,790.40.
  • On Thursday, May 18th, Christopher John Perry sold 73,936 shares of Broadridge Financial Solutions stock. The stock was sold at an average price of $72.57, for a total value of $5,365,535.52.

Shares of Broadridge Financial Solutions, Inc. (NYSE:BR) traded up 1.32% during mid-day trading on Thursday, hitting $75.87. The stock had a trading volume of 219,519 shares. The stock has a market cap of $8.92 billion, a price-to-earnings ratio of 29.72 and a beta of 1.07. The firm’s 50-day moving average price is $69.80 and its 200 day moving average price is $67.48. Broadridge Financial Solutions, Inc. has a 12-month low of $59.86 and a 12-month high of $76.00.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Wednesday, May 10th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.10. Broadridge Financial Solutions had a return on equity of 33.76% and a net margin of 8.62%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $997.65 million. During the same period last year, the company earned $0.58 EPS. The firm’s revenue was up 46.4% on a year-over-year basis. Equities analysts forecast that Broadridge Financial Solutions, Inc. will post $3.14 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Broadridge Financial Solutions (NYSE:BR)

The business also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, June 15th will be given a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $1.32 annualized dividend and a dividend yield of 1.76%. Broadridge Financial Solutions’s dividend payout ratio is currently 53.88%.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. KCG Holdings Inc. raised its position in Broadridge Financial Solutions by 148.4% in the third quarter. KCG Holdings Inc. now owns 16,413 shares of the business services provider’s stock valued at $1,113,000 after buying an additional 9,805 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in Broadridge Financial Solutions by 3.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 13,520 shares of the business services provider’s stock valued at $917,000 after buying an additional 500 shares in the last quarter. Morgan Stanley raised its position in Broadridge Financial Solutions by 82.6% in the third quarter. Morgan Stanley now owns 437,007 shares of the business services provider’s stock valued at $29,624,000 after buying an additional 197,703 shares in the last quarter. Hartline Investment Corp raised its position in Broadridge Financial Solutions by 0.3% in the third quarter. Hartline Investment Corp now owns 84,901 shares of the business services provider’s stock valued at $5,755,000 after buying an additional 288 shares in the last quarter. Finally, Hamilton Point Investment Advisors LLC raised its position in Broadridge Financial Solutions by 3.9% in the third quarter. Hamilton Point Investment Advisors LLC now owns 32,711 shares of the business services provider’s stock valued at $2,217,000 after buying an additional 1,225 shares in the last quarter. Institutional investors and hedge funds own 83.30% of the company’s stock.

Separately, Zacks Investment Research upgraded Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday, March 21st. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $72.60.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company’s segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment.

12 Month Chart for NYSE:BR

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