Broadridge Financial Solutions, Inc. (NYSE:BR) – DA Davidson raised their Q2 2018 earnings estimates for shares of Broadridge Financial Solutions in a report issued on Monday. DA Davidson analyst P. Heckmann now forecasts that the business services provider will earn $0.51 per share for the quarter, up from their prior estimate of $0.50. DA Davidson currently has a “Neutral” rating and a $74.00 price objective on the stock. DA Davidson also issued estimates for Broadridge Financial Solutions’ FY2018 earnings at $3.64 EPS, Q2 2019 earnings at $0.53 EPS, Q4 2019 earnings at $2.06 EPS and FY2019 earnings at $3.94 EPS.

BR has been the subject of several other reports. BidaskClub upgraded shares of Broadridge Financial Solutions from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 28th. Barclays PLC upped their target price on Broadridge Financial Solutions from $72.00 to $74.00 and gave the company an “equal weight” rating in a research report on Friday, August 11th.

ILLEGAL ACTIVITY WARNING: “Q2 2018 EPS Estimates for Broadridge Financial Solutions, Inc. Boosted by Analyst (BR)” was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/10/04/q2-2018-eps-estimates-for-broadridge-financial-solutions-inc-boosted-by-analyst-br.html.

Broadridge Financial Solutions (NYSE:BR) traded down 0.165% during mid-day trading on Wednesday, hitting $81.575. The stock had a trading volume of 120,272 shares. The firm has a market capitalization of $9.50 billion, a price-to-earnings ratio of 30.213 and a beta of 0.99. Broadridge Financial Solutions has a one year low of $59.86 and a one year high of $82.10. The stock’s 50 day moving average price is $78.76 and its 200 day moving average price is $74.21.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Thursday, August 10th. The business services provider reported $1.71 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.71. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. Broadridge Financial Solutions had a return on equity of 37.99% and a net margin of 7.89%. Broadridge Financial Solutions’s revenue for the quarter was up 38.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.45 EPS.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Friday, September 15th were issued a $0.365 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.46 dividend on an annualized basis and a yield of 1.79%. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.33. Broadridge Financial Solutions’s payout ratio is currently 53.48%.

In other news, Director Stuart R. Levine sold 7,868 shares of Broadridge Financial Solutions stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $76.58, for a total value of $602,531.44. Following the completion of the sale, the director now directly owns 39,747 shares in the company, valued at $3,043,825.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Adam D. Amsterdam sold 17,813 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $76.96, for a total value of $1,370,888.48. Following the completion of the sale, the insider now owns 20,646 shares of the company’s stock, valued at $1,588,916.16. The disclosure for this sale can be found here. Insiders own 3.50% of the company’s stock.

Large investors have recently modified their holdings of the stock. OppenheimerFunds Inc. increased its stake in Broadridge Financial Solutions by 20.4% during the 1st quarter. OppenheimerFunds Inc. now owns 12,353 shares of the business services provider’s stock worth $839,000 after acquiring an additional 2,092 shares during the period. Tredje AP fonden raised its holdings in Broadridge Financial Solutions by 15.2% in the 2nd quarter. Tredje AP fonden now owns 30,180 shares of the business services provider’s stock valued at $2,290,000 after acquiring an additional 3,990 shares in the last quarter. Swiss National Bank lifted its position in shares of Broadridge Financial Solutions by 1.4% during the 2nd quarter. Swiss National Bank now owns 838,900 shares of the business services provider’s stock valued at $63,387,000 after acquiring an additional 11,200 shares during the period. Morgan Stanley lifted its position in shares of Broadridge Financial Solutions by 47.0% during the 1st quarter. Morgan Stanley now owns 454,416 shares of the business services provider’s stock valued at $30,878,000 after acquiring an additional 145,274 shares during the period. Finally, Confluence Investment Management LLC lifted its position in shares of Broadridge Financial Solutions by 2.6% during the 2nd quarter. Confluence Investment Management LLC now owns 994,106 shares of the business services provider’s stock valued at $75,115,000 after acquiring an additional 25,421 shares during the period. 83.77% of the stock is currently owned by institutional investors and hedge funds.

About Broadridge Financial Solutions

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.

Earnings History and Estimates for Broadridge Financial Solutions (NYSE:BR)

Receive News & Ratings for Broadridge Financial Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadridge Financial Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.