Broadridge Financial Solutions, Inc. (NYSE:BR) insider Richard J. Daly sold 94,039 shares of the company’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $81.95, for a total value of $7,706,496.05. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Broadridge Financial Solutions, Inc. (NYSE:BR) opened at 82.59 on Friday. Broadridge Financial Solutions, Inc. has a 52 week low of $59.86 and a 52 week high of $82.80. The company has a market cap of $9.62 billion, a P/E ratio of 30.59 and a beta of 0.99. The firm has a 50-day moving average price of $80.09 and a 200-day moving average price of $74.97.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Thursday, August 10th. The business services provider reported $1.71 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.71. Broadridge Financial Solutions had a return on equity of 37.99% and a net margin of 7.89%. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the business earned $1.45 earnings per share. The company’s revenue was up 38.1% on a year-over-year basis. Equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post $3.72 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Friday, September 15th were paid a $0.365 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.46 annualized dividend and a dividend yield of 1.77%. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.33. Broadridge Financial Solutions’s payout ratio is currently 53.48%.

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Several institutional investors and hedge funds have recently modified their holdings of BR. Acrospire Investment Management LLC bought a new stake in shares of Broadridge Financial Solutions in the second quarter worth $108,000. Toronto Dominion Bank grew its holdings in shares of Broadridge Financial Solutions by 11.4% in the second quarter. Toronto Dominion Bank now owns 1,453 shares of the business services provider’s stock worth $110,000 after acquiring an additional 149 shares during the period. Global X Management Co. LLC grew its holdings in shares of Broadridge Financial Solutions by 8.5% in the second quarter. Global X Management Co. LLC now owns 1,533 shares of the business services provider’s stock worth $116,000 after acquiring an additional 120 shares during the period. Advisory Services Network LLC grew its holdings in shares of Broadridge Financial Solutions by 82.8% in the second quarter. Advisory Services Network LLC now owns 1,559 shares of the business services provider’s stock worth $118,000 after acquiring an additional 706 shares during the period. Finally, Commonwealth Bank of Australia grew its holdings in shares of 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 acquiring an additional 600 shares during the period. 83.72% of the stock is owned by institutional investors.

BR has been the subject of several recent research reports. BidaskClub upgraded Broadridge Financial Solutions from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 28th. DA Davidson initiated coverage on Broadridge Financial Solutions in a report on Monday, August 7th. They set a “neutral” rating and a $74.00 price target for the company. Finally, Barclays PLC upped their price target on Broadridge Financial Solutions from $72.00 to $74.00 and gave the stock an “equal weight” rating in a report on Friday, August 11th.

About Broadridge Financial Solutions

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.

Insider Buying and Selling by Quarter for Broadridge Financial Solutions (NYSE:BR)

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