Broadridge Financial Solutions, Inc. (NYSE:BR) – Stock analysts at DA Davidson issued their FY2017 earnings per share estimates for Broadridge Financial Solutions in a research note issued to investors on Monday. DA Davidson analyst P. Heckmann expects that the business services provider will earn $3.20 per share for the year. DA Davidson currently has a “Neutral” rating and a $74.00 target price 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.
Separately, BidaskClub cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Broadridge Financial Solutions has an average rating of “Hold” and an average price target of $74.75.
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Shares of Broadridge Financial Solutions (NYSE:BR) opened at 74.65 on Thursday. The company has a market capitalization of $8.78 billion, a price-to-earnings ratio of 29.24 and a beta of 0.99. The firm’s 50-day moving average is $75.52 and its 200 day moving average is $71.42. Broadridge Financial Solutions has a 52-week low of $59.86 and a 52-week high of $78.00.
Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Thursday, August 10th. The business services provider reported $1.71 EPS for the quarter, topping the Zacks’ consensus estimate of $1.70 by $0.01. Broadridge Financial Solutions had a net margin of 8.21% and a return on equity of 34.74%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the firm posted $1.45 earnings per share. The firm’s revenue for the quarter was up 38.1% on a year-over-year basis.
In other Broadridge Financial Solutions news, insider Robert Schifellite sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $72.83, for a total value of $364,150.00. Following the completion of the sale, the insider now owns 79,167 shares in the company, valued at $5,765,732.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Laura Matlin sold 630 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $71.89, for a total value of $45,290.70. Following the completion of the sale, the vice president now owns 5,271 shares of the company’s stock, valued at approximately $378,932.19. The disclosure for this sale can be found here. In the last ninety days, insiders sold 323,032 shares of company stock valued at $24,016,648. 3.50% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in BR. Global X Management Co. LLC increased its position 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 buying an additional 120 shares in the last quarter. Commonwealth Bank of Australia increased 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 during the period. Van ECK Associates Corp boosted its stake in Broadridge Financial Solutions by 8.0% in the first quarter. Van ECK Associates Corp now owns 1,814 shares of the business services provider’s stock worth $123,000 after buying an additional 135 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in Broadridge Financial Solutions by 5.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,176 shares of the business services provider’s stock worth $202,000 after buying an additional 174 shares in the last quarter. Finally, Airain ltd bought a new stake in Broadridge Financial Solutions during the second quarter worth approximately $204,000. Institutional investors own 85.19% of the company’s stock.
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.
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