Broadridge Financial Solutions, Inc. (NYSE:BR) VP Laura Matlin Sells 4,052 Shares of Stock

Broadridge Financial Solutions, Inc. (NYSE:BR – Get Rating) VP Laura Matlin sold 4,052 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $153.73, for a total transaction of $622,913.96. Following the completion of the transaction, the vice president now directly owns 5,825 shares in the company, valued at approximately $895,477.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Broadridge Financial Solutions Stock Up 0.3 %

NYSE:BR opened at $153.72 on Tuesday. Broadridge Financial Solutions, Inc. has a fifty-two week low of $131.35 and a fifty-two week high of $183.33. The stock has a market capitalization of $18.14 billion, a P/E ratio of 32.99 and a beta of 1.00. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.35 and a current ratio of 1.35. The company’s 50-day simple moving average is $145.41 and its 200-day simple moving average is $143.60.

Broadridge Financial Solutions (NYSE:BR – Get Rating) last released its quarterly earnings results on Tuesday, May 2nd. The business services provider reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.04. Broadridge Financial Solutions had a net margin of 9.33% and a return on equity of 40.29%. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period last year, the business earned $1.93 EPS. The company’s revenue was up 7.3% compared to the same quarter last year. On average, equities analysts anticipate that Broadridge Financial Solutions, Inc. will post 6.91 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 6th. Stockholders of record on Thursday, June 15th will be issued a $0.725 dividend. This represents a $2.90 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Wednesday, June 14th. Broadridge Financial Solutions’s dividend payout ratio is currently 62.23%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on BR shares. TheStreet raised shares of Broadridge Financial Solutions from a “c+” rating to a “b” rating in a research report on Thursday, February 2nd. Raymond James raised their target price on shares of Broadridge Financial Solutions from $180.00 to $183.00 and gave the company an “outperform” rating in a research report on Friday, February 3rd. Royal Bank of Canada started coverage on shares of Broadridge Financial Solutions in a research report on Monday, April 24th. They set an “outperform” rating and a $169.00 target price on the stock. Finally, StockNews.com started coverage on shares of Broadridge Financial Solutions in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $161.40.

Institutional Trading of Broadridge Financial Solutions

A number of institutional investors have recently modified their holdings of BR. Money Concepts Capital Corp boosted its stake in Broadridge Financial Solutions by 400.0% in the 4th quarter. Money Concepts Capital Corp now owns 195 shares of the business services provider’s stock worth $26,000 after purchasing an additional 156 shares in the last quarter. Carl Stuart Investment Advisor Inc. acquired a new stake in Broadridge Financial Solutions in the 1st quarter worth approximately $14,755,342,000. Resurgent Financial Advisors LLC acquired a new stake in Broadridge Financial Solutions in the 4th quarter worth approximately $27,000. Asset Dedication LLC acquired a new stake in Broadridge Financial Solutions in the 4th quarter worth approximately $31,000. Finally, Thompson Siegel & Walmsley LLC boosted its stake in Broadridge Financial Solutions by 730.0% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 249 shares of the business services provider’s stock worth $33,000 after purchasing an additional 219 shares in the last quarter. 86.45% of the stock is currently owned by institutional investors.

About Broadridge Financial Solutions

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Broadridge Financial Solutions, Inc engages in the provision of investor communications and technology solutions to banks, broker-dealers, mutual funds, and corporate issuers. It operates through the following segments: Investor Communication Solutions and Global Technology and Operations. The Investor Communication Solutions segment offers services for broker-dealer investor communication, customer communication, corporate issuer, advisor solutions, and mutual fund and retirement solutions.