Broadridge Financial Solutions, Inc. (NYSE:BR) insider Richard J. Daly sold 94,039 shares of the business’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $81.95, for a total value of $7,706,496.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Broadridge Financial Solutions, Inc. (NYSE:BR) traded up 0.71% on Thursday, reaching $82.58. The company had a trading volume of 173,759 shares. The stock’s 50 day moving average is $79.67 and its 200-day moving average is $74.76. The stock has a market capitalization of $9.62 billion, a P/E ratio of 30.59 and a beta of 0.99. Broadridge Financial Solutions, Inc. has a 1-year low of $59.86 and a 1-year high of $82.71.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Thursday, August 10th. The business services provider reported $1.71 earnings per share for the quarter, meeting the consensus estimate of $1.71. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.31 billion. Broadridge Financial Solutions had a return on equity of 77.12% and a net margin of 13.90%. The business’s quarterly revenue was up 38.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.45 earnings per share. On average, equities analysts predict that Broadridge Financial Solutions, Inc. will post $3.72 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Friday, September 15th were given a $0.365 dividend. This represents a $1.46 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend was Thursday, September 14th. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.33. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 53.48%.

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A number of research analysts recently commented on the company. BidaskClub raised Broadridge Financial Solutions from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 28th. Barclays PLC boosted their price target on Broadridge Financial Solutions from $72.00 to $74.00 and gave the stock an “equal weight” rating in a report on Friday, August 11th. Finally, DA Davidson assumed coverage on Broadridge Financial Solutions in a report on Monday, August 7th. They issued a “neutral” rating and a $74.00 price target on the stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. OppenheimerFunds Inc. lifted its position in shares of Broadridge Financial Solutions by 20.4% in the first quarter. OppenheimerFunds Inc. now owns 12,353 shares of the business services provider’s stock valued at $839,000 after acquiring an additional 2,092 shares in the last quarter. Tredje AP fonden lifted its position in shares of Broadridge Financial Solutions by 15.2% in the second 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. Janus Henderson Group PLC lifted its position in shares of Broadridge Financial Solutions by 1,647.4% in the second quarter. Janus Henderson Group PLC now owns 7,181,963 shares of the business services provider’s stock valued at $542,669,000 after acquiring an additional 6,770,958 shares in the last quarter. Swiss National Bank lifted its position in shares of Broadridge Financial Solutions by 1.4% in the second 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 in the last quarter. Finally, Morgan Stanley lifted its position in shares of Broadridge Financial Solutions by 47.0% in the first 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 in the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

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.

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

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