Broadridge Financial Solutions, Inc. (NYSE:BR) Director Alan J. Weber Sells 2,786 Shares

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Broadridge Financial Solutions, Inc. (NYSE:BR) Director Alan J. Weber sold 2,786 shares of Broadridge Financial Solutions stock in a transaction on Friday, November 15th. The shares were sold at an average price of $119.09, for a total transaction of $331,784.74. Following the completion of the sale, the director now owns 66,350 shares of the company’s stock, valued at approximately $7,901,621.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

NYSE:BR opened at $120.58 on Tuesday. The company has a fifty day moving average of $122.66 and a 200-day moving average of $126.15. The firm has a market capitalization of $13.83 billion, a P/E ratio of 25.88 and a beta of 0.69. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.20. Broadridge Financial Solutions, Inc. has a twelve month low of $91.34 and a twelve month high of $136.99.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Wednesday, November 6th. The business services provider reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.04). The company had revenue of $949.00 million during the quarter, compared to the consensus estimate of $979.61 million. Broadridge Financial Solutions had a net margin of 10.63% and a return on equity of 46.28%. The business’s revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.79 EPS. On average, analysts anticipate that Broadridge Financial Solutions, Inc. will post 5.09 EPS for the current fiscal year.

Several analysts have recently weighed in on the stock. ValuEngine lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. SunTrust Banks lifted their price objective on shares of Broadridge Financial Solutions from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Finally, Raymond James lowered shares of Broadridge Financial Solutions from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $129.20.

Hedge funds have recently made changes to their positions in the business. Great Lakes Advisors LLC grew its stake in shares of Broadridge Financial Solutions by 8.7% in the 3rd quarter. Great Lakes Advisors LLC now owns 9,998 shares of the business services provider’s stock worth $1,244,000 after acquiring an additional 799 shares in the last quarter. Copeland Capital Management LLC boosted its holdings in shares of Broadridge Financial Solutions by 21.7% in the 3rd quarter. Copeland Capital Management LLC now owns 135,760 shares of the business services provider’s stock worth $16,893,000 after buying an additional 24,237 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Broadridge Financial Solutions in the 3rd quarter worth about $277,000. TimesSquare Capital Management LLC boosted its holdings in shares of Broadridge Financial Solutions by 16.5% in the 3rd quarter. TimesSquare Capital Management LLC now owns 349,000 shares of the business services provider’s stock worth $43,426,000 after buying an additional 49,400 shares during the last quarter. Finally, Eqis Capital Management Inc. boosted its holdings in shares of Broadridge Financial Solutions by 13.3% in the 3rd quarter. Eqis Capital Management Inc. now owns 2,717 shares of the business services provider’s stock worth $338,000 after buying an additional 319 shares during the last quarter. Institutional investors and hedge funds own 89.20% of the company’s stock.

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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