Broadridge Financial Solutions (NYSE:BR) VP Sells $399,559.76 in Stock

Broadridge Financial Solutions, Inc. (NYSE:BR) VP Thomas Carey sold 2,501 shares of Broadridge Financial Solutions stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $159.76, for a total transaction of $399,559.76. Following the transaction, the vice president directly owned 8,800 shares in the company, valued at $1,405,888. This represents a 22.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Broadridge Financial Solutions Stock Performance

NYSE BR opened at $160.36 on Thursday. The company has a fifty day moving average price of $169.11 and a 200-day moving average price of $157.66. The firm has a market cap of $18.10 billion, a price-to-earnings ratio of 16.67 and a beta of 0.92. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.24 and a quick ratio of 1.24. Broadridge Financial Solutions, Inc. has a 1 year low of $133.83 and a 1 year high of $237.98.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share for the quarter, beating analysts’ consensus estimates of $3.76 by $0.06. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the firm earned $3.55 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. As a group, equities research analysts predict that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 5th. Stockholders of record on Thursday, September 3rd were paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, September 3rd. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.9750. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 45.32%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Bontempo Ohly Capital Mgmt LLC raised its stake in shares of Broadridge Financial Solutions by 0.3% during the fourth quarter. Bontempo Ohly Capital Mgmt LLC now owns 18,895 shares of the business services provider’s stock worth $4,217,000 after acquiring an additional 62 shares in the last quarter. Appleton Partners Inc. MA boosted its stake in shares of Broadridge Financial Solutions by 0.5% in the 1st quarter. Appleton Partners Inc. MA now owns 12,137 shares of the business services provider’s stock valued at $1,972,000 after purchasing an additional 65 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Broadridge Financial Solutions by 2.9% in the 2nd quarter. Allworth Financial LP now owns 2,662 shares of the business services provider’s stock valued at $365,000 after purchasing an additional 74 shares in the last quarter. Eastern Bank grew its holdings in shares of Broadridge Financial Solutions by 2.8% during the 3rd quarter. Eastern Bank now owns 2,693 shares of the business services provider’s stock valued at $434,000 after purchasing an additional 74 shares during the last quarter. Finally, Investors Research Corp grew its holdings in shares of Broadridge Financial Solutions by 1.2% during the 2nd quarter. Investors Research Corp now owns 6,425 shares of the business services provider’s stock valued at $880,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 90.03% of the company’s stock.

Analysts Set New Price Targets

BR has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research report on Friday, August 7th. Royal Bank Of Canada boosted their price objective on 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 upped their price objective on Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. Finally, UBS Group reaffirmed a “neutral” rating and set a $180.00 target price on shares of Broadridge Financial Solutions in a research report on Monday, August 17th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Broadridge Financial Solutions has a consensus rating of “Moderate Buy” and an average price target of $216.00.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc is a financial technology and services company that provides communications, technology and data solutions to financial institutions, public companies and other organizations. Its platforms support critical business processes across investor communications, capital markets, wealth management and corporate governance.

The company’s services include proxy and regulatory communications, shareholder and customer communications, securities processing, trading and operations technology, portfolio and wealth management tools, and governance solutions.