Insider Selling: Broadridge Financial Solutions, Inc. (NYSE:BR) Director Sells 3,556 Shares of Stock

Broadridge Financial Solutions, Inc. (NYSE:BR - Get Free Report) Director Maura A. Markus sold 3,556 shares of the company's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $243.08, for a total transaction of $864,392.48. Following the transaction, the director now owns 30,892 shares in the company, valued at approximately $7,509,227.36. This trade represents a 10.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Broadridge Financial Solutions Trading Up 0.5%

Shares of BR stock traded up $1.27 on Friday, reaching $246.16. The company had a trading volume of 28,670 shares, compared to its average volume of 521,562. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.64. The stock has a market cap of $28.91 billion, a PE ratio of 38.55 and a beta of 0.98. The company has a 50-day moving average of $236.24 and a 200-day moving average of $234.55. Broadridge Financial Solutions, Inc. has a 12 month low of $192.68 and a 12 month high of $247.57.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The business services provider reported $2.44 EPS for the quarter, beating analysts' consensus estimates of $2.41 by $0.03. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. The company had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.86 billion. During the same period in the prior year, the business posted $2.23 EPS. Broadridge Financial Solutions's revenue was up 5.0% on a year-over-year basis. On average, equities analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Thursday, June 12th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $3.52 dividend on an annualized basis and a yield of 1.43%. Broadridge Financial Solutions's payout ratio is 52.93%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Needham & Company LLC assumed coverage on shares of Broadridge Financial Solutions in a research report on Tuesday, May 6th. They set a "buy" rating and a $300.00 target price on the stock. Royal Bank of Canada restated an "outperform" rating and set a $259.00 target price on shares of Broadridge Financial Solutions in a research report on Monday, May 19th. Finally, Wall Street Zen upgraded shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $250.83.

Institutional Trading of Broadridge Financial Solutions

Large investors have recently bought and sold shares of the business. Golden State Wealth Management LLC bought a new stake in Broadridge Financial Solutions during the 1st quarter worth approximately $29,000. Whipplewood Advisors LLC increased its stake in Broadridge Financial Solutions by 2,620.0% during the 1st quarter. Whipplewood Advisors LLC now owns 136 shares of the business services provider's stock worth $33,000 after purchasing an additional 131 shares in the last quarter. Minot DeBlois Advisors LLC bought a new position in shares of Broadridge Financial Solutions during the 4th quarter worth approximately $34,000. Continuum Advisory LLC grew its stake in shares of Broadridge Financial Solutions by 48.4% during the 1st quarter. Continuum Advisory LLC now owns 141 shares of the business services provider's stock worth $34,000 after acquiring an additional 46 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Broadridge Financial Solutions by 450.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 143 shares of the business services provider's stock worth $35,000 after acquiring an additional 117 shares in the last quarter. 90.03% of the stock is owned by institutional investors.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry. The company's Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services; and distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions.