Broadridge Financial Solutions, Inc. (NYSE:BR) VP James M. Young Sells 38,166 Shares

Broadridge Financial Solutions, Inc. (NYSE:BR) VP James M. Young sold 38,166 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $126.45, for a total transaction of $4,826,090.70. Following the completion of the sale, the vice president now directly owns 67,150 shares in the company, valued at approximately $8,491,117.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Broadridge Financial Solutions stock opened at $128.22 on Friday. Broadridge Financial Solutions, Inc. has a 1-year low of $91.34 and a 1-year high of $138.24. The firm has a market capitalization of $14.35 billion, a price-to-earnings ratio of 27.52, a P/E/G ratio of 2.45 and a beta of 0.72. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.30. The firm has a 50 day simple moving average of $130.19 and a 200 day simple moving average of $116.99.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $1.72 earnings per share for the quarter, meeting analysts’ consensus estimates 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 analyst estimates of $1.22 billion. During the same period in the previous year, the business earned $1.86 EPS. Broadridge Financial Solutions’s revenue was down 8.3% compared to the same quarter last year. On average, equities research analysts forecast that Broadridge Financial Solutions, Inc. will post 5.13 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Friday, September 13th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.68%. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, September 12th. Broadridge Financial Solutions’s payout ratio is currently 41.63%.

A number of research analysts recently weighed in on the stock. 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. Zacks Investment Research upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $131.00 price objective for the company in a research note on Friday, May 10th. DA Davidson lowered shares of Broadridge Financial Solutions from a “buy” rating to a “neutral” rating and set a $128.00 price objective for the company. in a research note on Wednesday, May 8th. They noted that the move was a valuation call. ValuEngine lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, 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. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $129.20.

A number of institutional investors have recently added to or reduced their stakes in the stock. Investment Management of Virginia LLC grew its position in shares of Broadridge Financial Solutions by 0.8% during the 1st quarter. Investment Management of Virginia LLC now owns 11,977 shares of the business services provider’s stock valued at $1,242,000 after purchasing an additional 90 shares in the last quarter. CSat Investment Advisory L.P. grew its position in shares of Broadridge Financial Solutions by 35.9% during the 2nd quarter. CSat Investment Advisory L.P. now owns 348 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 92 shares in the last quarter. Eukles Asset Management grew its position in shares of Broadridge Financial Solutions by 4.6% during the 1st quarter. Eukles Asset Management now owns 2,617 shares of the business services provider’s stock valued at $271,000 after purchasing an additional 115 shares in the last quarter. Advisory Services Network LLC grew its position in shares of Broadridge Financial Solutions by 1.0% during the 1st quarter. Advisory Services Network LLC now owns 11,964 shares of the business services provider’s stock valued at $1,239,000 after purchasing an additional 118 shares in the last quarter. Finally, SeaCrest Wealth Management LLC grew its position in shares of Broadridge Financial Solutions by 3.4% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 3,621 shares of the business services provider’s stock valued at $462,000 after purchasing an additional 118 shares in the last quarter. Institutional investors and hedge funds own 84.28% of the company’s stock.

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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