Douglas Richard Deschutter Sells 24,185 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR) Stock

Broadridge Financial Solutions, Inc. (NYSE:BR - Get Free Report) insider Douglas Richard Deschutter sold 24,185 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $220.21, for a total value of $5,325,778.85. Following the completion of the sale, the insider now directly owns 27,137 shares of the company's stock, valued at $5,975,838.77. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Broadridge Financial Solutions Price Performance

Shares of BR traded up $4.18 on Friday, hitting $225.36. The company's stock had a trading volume of 466,059 shares, compared to its average volume of 520,398. The company has a market capitalization of $26.34 billion, a PE ratio of 38.46 and a beta of 1.05. Broadridge Financial Solutions, Inc. has a fifty-two week low of $175.21 and a fifty-two week high of $226.16. The company has a 50 day moving average price of $214.29 and a 200 day moving average price of $206.90. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.08 and a quick ratio of 1.08.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The business services provider reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.03. Broadridge Financial Solutions had a return on equity of 42.77% and a net margin of 10.73%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the firm earned $1.09 earnings per share. The business's revenue was down .6% on a year-over-year basis. On average, research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Broadridge Financial Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bogart Wealth LLC increased its stake in shares of Broadridge Financial Solutions by 384.0% in the 3rd quarter. Bogart Wealth LLC now owns 121 shares of the business services provider's stock valued at $26,000 after acquiring an additional 96 shares during the last quarter. EdgeRock Capital LLC bought a new stake in Broadridge Financial Solutions in the second quarter valued at approximately $32,000. Rothschild Investment LLC acquired a new stake in Broadridge Financial Solutions in the second quarter worth $32,000. New Covenant Trust Company N.A. bought a new position in shares of Broadridge Financial Solutions during the first quarter worth $34,000. Finally, Family Firm Inc. acquired a new position in shares of Broadridge Financial Solutions in the 2nd quarter valued at $37,000. 90.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BR shares. Morgan Stanley lifted their price objective on Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an "equal weight" rating in a report on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a "neutral" rating in a research note on Tuesday, August 20th. StockNews.com raised shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Friday, November 1st. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $246.00 target price on shares of Broadridge Financial Solutions in a research note on Wednesday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Broadridge Financial Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $217.83.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry. 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 distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions.