Broadridge Financial Solutions Inc. (NYSE:BR) issued its quarterly earnings results on Wednesday. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by $0.02. The business earned $895 million during the quarter, compared to analysts’ expectations of $880.41 million. Broadridge Financial Solutions had a net margin of 10.61% and a return on equity of 34.79%. The company’s revenue for the quarter was up 50.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.33 EPS.

Shares of Broadridge Financial Solutions (NYSE:BR) opened at 60.71 on Friday. The firm has a market capitalization of $7.18 billion, a PE ratio of 24.00 and a beta of 1.10. The stock’s 50 day moving average price is $65.79 and its 200-day moving average price is $65.73. Broadridge Financial Solutions has a 12 month low of $48.56 and a 12 month high of $71.74.

Earnings History for Broadridge Financial Solutions (NYSE:BR)

A number of research analysts recently commented on the company. Zacks Investment Research raised Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, October 11th. Sandler O’Neill downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating and set a $74.00 price target for the company. in a report on Thursday, September 29th. Atlantic Securities began coverage on Broadridge Financial Solutions in a research note on Tuesday, September 13th. They set an “overweight” rating and a $82.00 price objective on the stock. Finally, Barclays PLC upped their price objective on Broadridge Financial Solutions from $67.00 to $69.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 10th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Broadridge Financial Solutions presently has an average rating of “Hold” and a consensus target price of $72.60.

In other Broadridge Financial Solutions news, insider Adam D. Amsterdam sold 91,412 shares of the firm’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $68.02, for a total transaction of $6,217,844.24. Following the transaction, the insider now directly owns 60,134 shares in the company, valued at $4,090,314.68. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Richard J. Daly sold 125,652 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $69.58, for a total value of $8,742,866.16. Following the transaction, the insider now owns 231,703 shares in the company, valued at $16,121,894.74. The disclosure for this sale can be found here. Company insiders own 3.50% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its position in Broadridge Financial Solutions by 12.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,574 shares of the company’s stock valued at $103,000 after buying an additional 176 shares during the period. Integrated Investment Consultants LLC increased its stake in shares of Broadridge Financial Solutions by 214.8% in the second quarter. Integrated Investment Consultants LLC now owns 2,125 shares of the company’s stock valued at $139,000 after buying an additional 1,450 shares in the last quarter. Penserra Capital Management LLC increased its stake in shares of Broadridge Financial Solutions by 97.2% in the third quarter. Penserra Capital Management LLC now owns 2,378 shares of the company’s stock valued at $160,000 after buying an additional 1,172 shares in the last quarter. Capital Guardian Trust Co. increased its stake in shares of Broadridge Financial Solutions by 13.4% in the second quarter. Capital Guardian Trust Co. now owns 2,525 shares of the company’s stock valued at $165,000 after buying an additional 299 shares in the last quarter. Finally, FineMark National Bank & Trust increased its stake in shares of Broadridge Financial Solutions by 72.0% in the third quarter. FineMark National Bank & Trust now owns 2,569 shares of the company’s stock valued at $174,000 after buying an additional 1,075 shares in the last quarter. Institutional investors own 87.14% of the company’s stock.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company’s segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment.

5 Day Chart for NYSE:BR

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