Broadridge Financial Solutions (NYSE:BR) Director Maura Markus Sells 3,180 Shares of Company Stock

Broadridge Financial Solutions, Inc. (NYSE:BR) Director Maura Markus sold 3,180 shares of the firm’s stock in a transaction on Thursday, November 12th. The shares were sold at an average price of $191.89, for a total transaction of $610,210.20. Following the completion of the transaction, the director directly owned 33,769 shares of the company’s stock, valued at approximately $6,479,933.41. The trade was a 8.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Broadridge Financial Solutions Stock Down 0.7%

BR opened at $191.56 on Friday. The company has a fifty day moving average price of $173.03 and a 200-day moving average price of $165.53. The firm has a market capitalization of $21.67 billion, a P/E ratio of 21.17 and a beta of 0.90. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 1.21. Broadridge Financial Solutions, Inc. has a one year low of $133.83 and a one year high of $233.10.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Tuesday, November 3rd. The business services provider reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.19. Broadridge Financial Solutions had a net margin of 13.94% and a return on equity of 40.32%. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the prior year, the firm posted $1.51 earnings per share. The business’s quarterly revenue was up 5.0% on a year-over-year basis. Equities research analysts expect that Broadridge Financial Solutions, Inc. will post 10.58 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 11th. Shareholders of record on Thursday, December 10th will be paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Thursday, December 10th. Broadridge Financial Solutions’s dividend payout ratio is currently 48.18%.

Analyst Ratings Changes

A number of analysts have recently issued reports on BR shares. JPMorgan Chase & Co. lifted their price target on Broadridge Financial Solutions from $191.00 to $201.00 and gave the company a “neutral” rating in a research report on Wednesday, November 4th. Royal Bank Of Canada upped their price objective on shares of Broadridge Financial Solutions from $225.00 to $226.00 and gave the stock an “outperform” rating in a research report on Monday, August 31st. Morgan Stanley raised their target price on shares of Broadridge Financial Solutions from $176.00 to $181.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 4th. UBS Group reaffirmed a “neutral” rating and issued a $180.00 target price on shares of Broadridge Financial Solutions in a research note on Monday, August 17th. Finally, Weiss Ratings upgraded shares of Broadridge Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $212.71.

Institutional Trading of Broadridge Financial Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the company. Security National Bank of SO Dak bought a new stake in Broadridge Financial Solutions in the second quarter worth $26,000. Markowski Investments bought a new position in shares of Broadridge Financial Solutions during the second quarter valued at about $27,000. Valley Wealth Managers Inc. grew its stake in shares of Broadridge Financial Solutions by 230.8% during the third quarter. Valley Wealth Managers Inc. now owns 172 shares of the business services provider’s stock valued at $28,000 after buying an additional 120 shares during the last quarter. Bell Investment Advisors Inc bought a new position in shares of Broadridge Financial Solutions during the second quarter valued at about $29,000. Finally, First Command Advisory Services Inc. increased its holdings in shares of Broadridge Financial Solutions by 496.7% in the third quarter. First Command Advisory Services Inc. now owns 179 shares of the business services provider’s stock worth $29,000 after buying an additional 149 shares during the period. Hedge funds and other institutional investors own 90.03% of the company’s stock.

About Broadridge Financial Solutions

Broadridge Financial Solutions provides technology and operations services to financial institutions, public companies, and investors. Its platforms support investor communications, corporate governance, and the processing of financial transactions. The company’s services include preparing and distributing proxy materials and other shareholder communications, supporting shareholder voting, and providing solutions for trading, clearing, settlement, and asset servicing. Broadridge also offers technology for wealth and investment management, including portfolio and account management, data, and regulatory reporting.