Robert Schifellite Sells 37,818 Shares of Broadridge Financial Solutions, Inc. (BR) Stock

Broadridge Financial Solutions, Inc. (NYSE:BR) SVP Robert Schifellite sold 37,818 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $122.77, for a total transaction of $4,642,915.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of NYSE:BR opened at $121.64 on Friday. Broadridge Financial Solutions, Inc. has a 12-month low of $91.34 and a 12-month high of $138.24. The company has a market cap of $14.13 billion, a price-to-earnings ratio of 29.03, a price-to-earnings-growth ratio of 2.63 and a beta of 0.88. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.93.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Tuesday, May 7th. The business services provider reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.10. Broadridge Financial Solutions had a net margin of 11.31% and a return on equity of 48.71%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the business posted $1.00 EPS. The business’s revenue was up 14.3% compared to the same quarter last year. Equities analysts expect that Broadridge Financial Solutions, Inc. will post 4.65 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Friday, June 14th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.59%. Broadridge Financial Solutions’s payout ratio is presently 46.30%.

Several research firms have weighed in on BR. Zacks Investment Research cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Monday, April 22nd. DA Davidson lowered shares of Broadridge Financial Solutions from a “buy” rating to a “neutral” rating and set a $128.00 target price on the stock. in a research report on Wednesday, May 8th. They noted that the move was a valuation call. ValuEngine upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Friday. Raymond James upgraded shares of Broadridge Financial Solutions from a “market perform” rating to an “outperform” rating and set a $118.00 target price on the stock in a research report on Wednesday, March 13th. Finally, SunTrust Banks increased their target price on shares of Broadridge Financial Solutions to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $124.50.

Several large investors have recently made changes to their positions in the business. Cleararc Capital Inc. acquired a new stake in shares of Broadridge Financial Solutions during the 1st quarter worth approximately $290,000. Horizon Investments LLC acquired a new stake in shares of Broadridge Financial Solutions during the 1st quarter worth approximately $200,000. FMR LLC boosted its position in shares of Broadridge Financial Solutions by 296.2% during the 1st quarter. FMR LLC now owns 750,883 shares of the business services provider’s stock worth $77,860,000 after acquiring an additional 561,363 shares in the last quarter. Covenant Partners LLC acquired a new stake in shares of Broadridge Financial Solutions during the 1st quarter worth approximately $360,000. Finally, Jane Street Group LLC boosted its position in shares of Broadridge Financial Solutions by 393.0% during the 1st quarter. Jane Street Group LLC now owns 5,836 shares of the business services provider’s stock worth $605,000 after acquiring an additional 7,828 shares in the last quarter. Hedge funds and other institutional investors own 84.80% of the company’s stock.

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Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry worldwide. 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 offers ProxyEdge, an electronic proxy delivery and voting solution.

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

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