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

Broadridge Financial Solutions, Inc. (NYSE:BR – Get Rating) VP Laura Matlin sold 4,052 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $153.73, for a total value of $622,913.96. Following the transaction, the vice president now owns 5,825 shares of the company’s stock, valued at approximately $895,477.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Broadridge Financial Solutions Trading Up 0.3 %

NYSE BR opened at $153.72 on Tuesday. Broadridge Financial Solutions, Inc. has a 12 month low of $131.35 and a 12 month high of $183.33. The stock has a market cap of $18.14 billion, a P/E ratio of 32.99 and a beta of 1.00. The stock’s fifty day moving average price is $145.41 and its 200-day moving average price is $143.60. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 2.04.

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

Broadridge Financial Solutions Announces Dividend

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

Institutional Investors Weigh In On Broadridge Financial Solutions

A number of institutional investors have recently modified their holdings of the stock. American Century Companies Inc. boosted its position in shares of Broadridge Financial Solutions by 10.7% during the first quarter. American Century Companies Inc. now owns 8,155 shares of the business services provider’s stock valued at $1,270,000 after buying an additional 788 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Broadridge Financial Solutions by 6.8% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,625 shares of the business services provider’s stock valued at $2,433,000 after buying an additional 992 shares during the last quarter. Raymond James Trust N.A. boosted its position in shares of Broadridge Financial Solutions by 126.2% during the first quarter. Raymond James Trust N.A. now owns 3,384 shares of the business services provider’s stock valued at $527,000 after buying an additional 1,888 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Broadridge Financial Solutions by 1,851.9% during the first quarter. Canada Pension Plan Investment Board now owns 527 shares of the business services provider’s stock valued at $82,000 after buying an additional 500 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its position in shares of Broadridge Financial Solutions by 13.2% during the first quarter. Allianz Asset Management GmbH now owns 12,722 shares of the business services provider’s stock valued at $1,981,000 after buying an additional 1,487 shares during the last quarter. 86.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. TheStreet upgraded Broadridge Financial Solutions from a “c+” rating to a “b” rating in a report on Thursday, February 2nd. Raymond James upped their price target on Broadridge Financial Solutions from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. StockNews.com began coverage on Broadridge Financial Solutions in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, Royal Bank of Canada began coverage on Broadridge Financial Solutions in a research note on Monday, April 24th. They issued an “outperform” rating and a $169.00 price target 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $161.40.

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.