Broadridge Financial Solutions, Inc. (NYSE:BR) – Research analysts at DA Davidson raised their Q1 2018 earnings per share (EPS) estimates for shares of Broadridge Financial Solutions in a note issued to investors on Friday. DA Davidson analyst P. Heckmann now anticipates that the business services provider will earn $0.43 per share for the quarter, up from their previous forecast of $0.39. DA Davidson has a “Neutral” rating and a $74.00 price objective on the stock. DA Davidson also issued estimates for Broadridge Financial Solutions’ Q3 2018 earnings at $0.80 EPS, Q4 2018 earnings at $1.96 EPS, FY2018 earnings at $3.70 EPS, Q1 2019 earnings at $0.51 EPS, Q3 2019 earnings at $0.87 EPS, Q4 2019 earnings at $2.07 EPS and FY2019 earnings at $3.98 EPS.

BR has been the topic of several other reports. BidaskClub cut shares of Broadridge Financial Solutions from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Barclays PLC lifted their price objective on shares of Broadridge Financial Solutions from $72.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Friday, August 11th.

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Shares of Broadridge Financial Solutions (NYSE:BR) opened at 85.95 on Monday. The stock has a 50 day moving average of $81.73 and a 200-day moving average of $76.13. The company has a market capitalization of $10.01 billion, a PE ratio of 31.83 and a beta of 0.99. Broadridge Financial Solutions has a one year low of $59.86 and a one year high of $85.97.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Thursday, August 10th. The business services provider reported $1.71 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.71. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Broadridge Financial Solutions had a net margin of 7.89% and a return on equity of 37.99%. Broadridge Financial Solutions’s quarterly revenue was up 38.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.45 EPS.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Friday, September 15th were given a $0.365 dividend. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.46 annualized dividend and a yield of 1.70%. Broadridge Financial Solutions’s payout ratio is currently 53.48%.

In other Broadridge Financial Solutions news, insider Adam D. Amsterdam sold 17,813 shares of Broadridge Financial Solutions stock in a transaction dated 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 sale, the insider now owns 20,646 shares of the company’s stock, valued at $1,588,916.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stuart R. Levine sold 7,868 shares of Broadridge Financial Solutions stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $76.58, for a total transaction of $602,531.44. Following the completion of the sale, the director now directly owns 39,747 shares in the company, valued at approximately $3,043,825.26. The disclosure for this sale can be found here. In the last ninety days, insiders sold 119,720 shares of company stock worth $9,679,916. Insiders own 2.60% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. ETRADE Capital Management LLC raised its position in Broadridge Financial Solutions by 0.9% in the second quarter. ETRADE Capital Management LLC now owns 6,891 shares of the business services provider’s stock worth $521,000 after acquiring an additional 60 shares during the period. Alps Advisors Inc. raised its position in Broadridge Financial Solutions by 0.9% in the second quarter. Alps Advisors Inc. now owns 7,760 shares of the business services provider’s stock worth $586,000 after acquiring an additional 68 shares during the period. World Asset Management Inc raised its position in Broadridge Financial Solutions by 1.0% in the second quarter. World Asset Management Inc now owns 8,919 shares of the business services provider’s stock worth $674,000 after acquiring an additional 91 shares during the period. Stanley Laman Group Ltd. raised its position in shares of Broadridge Financial Solutions by 0.9% in the second quarter. Stanley Laman Group Ltd. now owns 9,905 shares of the business services provider’s stock valued at $748,000 after purchasing an additional 91 shares during the period. Finally, Pacad Investment Ltd. raised its position in shares of Broadridge Financial Solutions by 1.3% in the second quarter. Pacad Investment Ltd. now owns 7,598 shares of the business services provider’s stock valued at $574,000 after purchasing an additional 98 shares during the period. 82.99% 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)

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