Insider Selling: Broadridge Financial Solutions, Inc. (NYSE:BR) President Sells 17,534 Shares of Stock

Broadridge Financial Solutions, Inc. (NYSE:BR - Get Free Report) President Christopher John Perry sold 17,534 shares of the business's stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $213.41, for a total value of $3,741,930.94. Following the transaction, the president now owns 50,237 shares of the company's stock, valued at approximately $10,721,078.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Christopher John Perry also recently made the following trade(s):

• On Wednesday, August 21st, Christopher John Perry sold 6,501 shares of Broadridge Financial Solutions stock. The shares were sold at an average price of $210.22, for a total transaction of $1,366,640.22.
• On Monday, August 19th, Christopher John Perry sold 162 shares of Broadridge Financial Solutions stock. The stock was sold at an average price of $210.00, for a total transaction of $34,020.00.
• On Friday, August 16th, Christopher John Perry sold 300 shares of Broadridge Financial Solutions stock. The shares were sold at an average price of $210.00, for a total value of $63,000.00.
• On Wednesday, August 14th, Christopher John Perry sold 31,539 shares of Broadridge Financial Solutions stock. The shares were sold at an average price of $207.37, for a total transaction of $6,540,242.43.

Broadridge Financial Solutions Price Performance

Shares of Broadridge Financial Solutions stock traded down $0.73 on Thursday, hitting $210.52. 384,839 shares of the company were exchanged, compared to its average volume of 528,378. Broadridge Financial Solutions, Inc. has a 1-year low of $166.73 and a 1-year high of $223.81. The stock has a market capitalization of $24.57 billion, a price-to-earnings ratio of 35.92 and a beta of 1.05. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.55. The company has a 50-day moving average price of $209.52 and a 200 day moving average price of $203.03.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The business services provider reported $3.50 EPS for the quarter, beating analysts' consensus estimates of $3.49 by $0.01. The firm had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.96 billion. Broadridge Financial Solutions had a return on equity of 42.77% and a net margin of 10.73%. The firm's quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $3.21 earnings per share. As a group, sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 8.51 earnings per share for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be issued a $0.88 dividend. This is a positive change from Broadridge Financial Solutions's previous quarterly dividend of $0.80. This represents a $3.52 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Thursday, September 12th. Broadridge Financial Solutions's dividend payout ratio is currently 54.61%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BR. LifeSteps Financial Inc. purchased a new position in shares of Broadridge Financial Solutions in the 1st quarter valued at about $32,000. EdgeRock Capital LLC acquired a new stake in shares of Broadridge Financial Solutions during the second quarter worth about $32,000. Rothschild Investment LLC acquired a new stake in Broadridge Financial Solutions during the 2nd quarter worth approximately $32,000. Manchester Capital Management LLC grew its position in Broadridge Financial Solutions by 57.1% in the 4th quarter. Manchester Capital Management LLC now owns 165 shares of the business services provider's stock valued at $34,000 after buying an additional 60 shares during the last quarter. Finally, New Covenant Trust Company N.A. purchased a new stake in shares of Broadridge Financial Solutions in the first quarter valued at about $34,000. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BR has been the topic of several research analyst reports. Royal Bank of Canada boosted their target price on shares of Broadridge Financial Solutions from $239.00 to $246.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 7th. StockNews.com raised shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Tuesday. DA Davidson reaffirmed a "neutral" rating and issued a $185.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, June 11th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 20th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $213.33.

Broadridge Financial Solutions Company Profile

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.