Adam D. Amsterdam Sells 19,600 Shares of Broadridge Financial Solutions, Inc. (BR) Stock

Broadridge Financial Solutions, Inc. (NYSE:BR) insider Adam D. Amsterdam sold 19,600 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $99.36, for a total transaction of $1,947,456.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of Broadridge Financial Solutions, Inc. (NYSE:BR) traded up $0.97 during trading hours on Friday, hitting $100.82. 409,880 shares of the stock traded hands, compared to its average volume of 543,614. The firm has a market capitalization of $11,565.10, a P/E ratio of 31.96, a PEG ratio of 2.46 and a beta of 1.01. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. Broadridge Financial Solutions, Inc. has a 52 week low of $66.49 and a 52 week high of $100.93.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.21. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $945.80 million. Broadridge Financial Solutions had a net margin of 8.74% and a return on equity of 44.02%. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.39 earnings per share. sell-side analysts expect that Broadridge Financial Solutions, Inc. will post 4.04 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Thursday, March 15th will be issued a dividend of $0.365 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.46 annualized dividend and a dividend yield of 1.45%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 46.50%.

BR has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a research report on Wednesday, January 31st. ValuEngine upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Raymond James Financial restated a “hold” rating on shares of Broadridge Financial Solutions in a research report on Monday, December 4th. Sandler O’Neill set a $95.00 price objective on shares of Broadridge Financial Solutions and gave the company a “hold” rating in a research report on Thursday, February 8th. Finally, Barclays boosted their price objective on shares of Broadridge Financial Solutions from $74.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday, November 9th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Broadridge Financial Solutions has a consensus rating of “Hold” and a consensus target price of $98.75.

Several large investors have recently made changes to their positions in BR. Dimensional Fund Advisors LP increased its holdings in shares of Broadridge Financial Solutions by 1.2% during the second quarter. Dimensional Fund Advisors LP now owns 549,318 shares of the business services provider’s stock worth $41,505,000 after buying an additional 6,727 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Broadridge Financial Solutions during the second quarter worth $296,000. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Broadridge Financial Solutions by 121.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 12,835 shares of the business services provider’s stock worth $970,000 after buying an additional 7,049 shares in the last quarter. Advisory Services Network LLC increased its holdings in shares of Broadridge Financial Solutions by 82.8% during the second quarter. Advisory Services Network LLC now owns 1,559 shares of the business services provider’s stock worth $118,000 after buying an additional 706 shares in the last quarter. Finally, Toronto Dominion Bank increased its holdings in shares of Broadridge Financial Solutions by 11.4% during the second quarter. Toronto Dominion Bank now owns 1,453 shares of the business services provider’s stock worth $110,000 after buying an additional 149 shares in the last quarter. Institutional investors own 82.95% of the company’s stock.

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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.

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

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