Broadridge Financial Solutions Inc. (NYSE:BR) Director Leslie A. Brun sold 7,925 shares of the company’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $62.66, for a total transaction of $496,580.50. Following the completion of the transaction, the director now owns 30,622 shares of the company’s stock, valued at approximately $1,918,774.52. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of Broadridge Financial Solutions Inc. (NYSE:BR) traded up 0.5084% during trading on Friday, reaching $65.2199. 368,369 shares of the company’s stock were exchanged. Broadridge Financial Solutions Inc. has a 52 week low of $48.56 and a 52 week high of $71.74. The stock has a market capitalization of $7.77 billion, a PE ratio of 25.7786 and a beta of 1.10. The company’s 50-day moving average is $64.76 and its 200 day moving average is $65.79.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Wednesday, November 9th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by $0.02. Broadridge Financial Solutions had a return on equity of 34.10% and a net margin of 9.62%. The company had revenue of $895 million for the quarter, compared to analyst estimates of $880.41 million. During the same period in the previous year, the business posted $0.33 EPS. The firm’s quarterly revenue was up 50.4% compared to the same quarter last year. On average, analysts forecast that Broadridge Financial Solutions Inc. will post $3.12 earnings per share for the current year.

Insider Buying and Selling by Quarter for Broadridge Financial Solutions (NYSE:BR)

Several brokerages have recently issued reports on BR. Zacks Investment Research cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, September 6th. Atlantic Securities initiated coverage on shares of Broadridge Financial Solutions in a research report on Tuesday, September 13th. They issued an “overweight” rating and a $82.00 price target for the company. Barclays PLC upped their price target on shares of Broadridge Financial Solutions from $67.00 to $69.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 10th. Finally, Sandler O’Neill downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating and set a $74.00 price target for the company. in a research report on Thursday, September 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $72.60.

Several hedge funds have recently added to or reduced their stakes in BR. Creative Planning increased its stake in Broadridge Financial Solutions by 4.8% in the second quarter. Creative Planning now owns 4,072 shares of the company’s stock worth $265,000 after buying an additional 185 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in Broadridge Financial Solutions by 1,120.8% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 9,095 shares of the company’s stock worth $593,000 after buying an additional 8,350 shares in the last quarter. Gulf International Bank UK Ltd acquired a new position in Broadridge Financial Solutions during the second quarter worth approximately $2,255,000. British Columbia Investment Management Corp acquired a new position in Broadridge Financial Solutions during the second quarter worth approximately $2,292,000. Finally, Park National Corp OH acquired a new position in Broadridge Financial Solutions during the second quarter worth approximately $215,000. 86.20% of the stock is owned by institutional investors and hedge funds.

About Broadridge Financial Solutions

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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