Broadridge Financial Solutions, Inc. (NYSE:BR) – Equities researchers at DA Davidson issued their FY2017 earnings per share (EPS) estimates for shares of Broadridge Financial Solutions in a research note issued on Monday. DA Davidson analyst P. Heckmann forecasts that the business services provider will post earnings per share of $3.20 for the year. DA Davidson has a “Neutral” rating and a $74.00 price target on the stock. DA Davidson also issued estimates for Broadridge Financial Solutions’ Q4 2017 earnings at $1.76 EPS, Q1 2018 earnings at $0.50 EPS, Q2 2018 earnings at $0.48 EPS, Q3 2018 earnings at $0.76 EPS, Q4 2018 earnings at $1.81 EPS and FY2018 earnings at $3.56 EPS.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Thursday, August 10th. The business services provider reported $1.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.70 by $0.01. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.31 billion. Broadridge Financial Solutions had a return on equity of 34.74% and a net margin of 8.21%. Broadridge Financial Solutions’s revenue was up 38.1% compared to the same quarter last year. During the same period last year, the business posted $1.45 earnings per share.

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Separately, BidaskClub raised shares of Broadridge Financial Solutions from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 28th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Broadridge Financial Solutions has a consensus rating of “Hold” and a consensus price target of $74.75.

Shares of Broadridge Financial Solutions (NYSE BR) opened at 74.65 on Thursday. The firm has a 50-day moving average price of $75.52 and a 200-day moving average price of $71.42. Broadridge Financial Solutions has a 1-year low of $59.86 and a 1-year high of $78.00. The firm has a market capitalization of $8.78 billion, a PE ratio of 29.24 and a beta of 0.99.

Institutional investors have recently bought and sold shares of the company. CIBC World Markets Inc. raised its position in Broadridge Financial Solutions by 16.6% in the second quarter. CIBC World Markets Inc. now owns 4,315 shares of the business services provider’s stock worth $326,000 after buying an additional 614 shares in the last quarter. Commonwealth Bank of Australia raised its position in Broadridge Financial Solutions by 60.0% in the second quarter. Commonwealth Bank of Australia now owns 1,600 shares of the business services provider’s stock worth $120,000 after buying an additional 600 shares in the last quarter. Private Advisor Group LLC raised its position in Broadridge Financial Solutions by 18.5% in the second quarter. Private Advisor Group LLC now owns 10,642 shares of the business services provider’s stock worth $796,000 after buying an additional 1,661 shares in the last quarter. Tredje AP fonden raised its position in Broadridge Financial Solutions by 15.2% in the second quarter. Tredje AP fonden now owns 30,180 shares of the business services provider’s stock worth $2,290,000 after buying an additional 3,990 shares in the last quarter. Finally, Rathbone Brothers plc raised its position in Broadridge Financial Solutions by 19.8% in the second quarter. Rathbone Brothers plc now owns 305,325 shares of the business services provider’s stock worth $23,070,000 after buying an additional 50,500 shares in the last quarter. 85.19% of the stock is owned by hedge funds and other institutional investors.

In related news, SVP Christopher John Perry sold 73,936 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $72.57, for a total value of $5,365,535.52. Following the completion of the transaction, the senior vice president now owns 91,276 shares of the company’s stock, valued at approximately $6,623,899.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Laura Matlin sold 630 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $71.89, for a total transaction of $45,290.70. Following the completion of the transaction, the vice president now directly owns 5,271 shares of the company’s stock, valued at approximately $378,932.19. The disclosure for this sale can be found here. Insiders have sold 323,032 shares of company stock valued at $24,016,648 over the last 90 days. 3.50% of the stock is currently owned by insiders.

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.

Earnings History and Estimates for Broadridge Financial Solutions (NYSE:BR)

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