Broadridge Financial Solutions, Inc. (NYSE:BR) VP Julie R. Taylor Sells 14,466 Shares

Broadridge Financial Solutions, Inc. (NYSE:BR) VP Julie R. Taylor sold 14,466 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $129.00, for a total transaction of $1,866,114.00. Following the completion of the transaction, the vice president now directly owns 25,898 shares of the company’s stock, valued at approximately $3,340,842. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of BR traded up $0.13 during midday trading on Monday, hitting $128.35. 28,198 shares of the company traded hands, compared to its average volume of 736,500. The firm has a 50 day moving average of $130.19 and a 200-day moving average of $116.99. Broadridge Financial Solutions, Inc. has a 52 week low of $91.34 and a 52 week high of $138.24. The stock has a market cap of $14.78 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 2.47 and a beta of 0.72. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.30 and a current ratio of 1.30.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $1.72 EPS for the quarter, meeting the consensus estimate of $1.72. Broadridge Financial Solutions had a net margin of 11.05% and a return on equity of 46.61%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the firm earned $1.86 EPS. The business’s revenue was down 8.3% on a year-over-year basis. Sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 5.13 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Friday, September 13th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Thursday, September 12th. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.49. Broadridge Financial Solutions’s dividend payout ratio is 41.63%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Investment Management of Virginia LLC raised its position in Broadridge Financial Solutions by 0.8% in the 1st quarter. Investment Management of Virginia LLC now owns 11,977 shares of the business services provider’s stock worth $1,242,000 after purchasing an additional 90 shares during the period. CSat Investment Advisory L.P. raised its position in Broadridge Financial Solutions by 35.9% in the 2nd quarter. CSat Investment Advisory L.P. now owns 348 shares of the business services provider’s stock worth $45,000 after purchasing an additional 92 shares during the period. Eukles Asset Management raised its position in Broadridge Financial Solutions by 4.6% in the 1st quarter. Eukles Asset Management now owns 2,617 shares of the business services provider’s stock worth $271,000 after purchasing an additional 115 shares during the period. Advisory Services Network LLC raised its position in Broadridge Financial Solutions by 1.0% in the 1st quarter. Advisory Services Network LLC now owns 11,964 shares of the business services provider’s stock worth $1,239,000 after purchasing an additional 118 shares during the period. Finally, SeaCrest Wealth Management LLC raised its position in Broadridge Financial Solutions by 3.4% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 3,621 shares of the business services provider’s stock worth $462,000 after purchasing an additional 118 shares during the period. 86.75% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently weighed in on the stock. SunTrust Banks upped their target price on shares of Broadridge Financial Solutions from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. ValuEngine downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. DA Davidson downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “neutral” rating and set a $128.00 target price for the company. in a report on Wednesday, May 8th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $131.00 target price for the company in a report on Friday, May 10th. Finally, Raymond James downgraded shares of Broadridge Financial Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $129.20.

About Broadridge Financial Solutions

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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