November 30, 2016 - By Linda Rogers
Broadridge Financial Solutions Inc’s director Alan Weber made a sale of 3,770 shares of the New York-based company in sale through a broker dated 30-11-2016. The shares were unloaded at an average price per share of $66.3, for a total trade of $250,015. Alan Weber’s sell took place on 30-11-2016 and was disclosed in the a filing at the Security Exchange Commission’s website. Alan Weber at the moment has rights to 0.02% of Broadridge Financial Solutions Inc’s market cap with ownership of 28,898 shares.
Out of 6 analysts covering Broadridge Financial Solutions (NYSE:BR), 1 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 17% are positive. $69 is the highest target while $59 is the lowest. The $64.33 average target is -3.18% below today’s ($66.44) stock price. Broadridge Financial Solutions has been the topic of 10 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The stock of Broadridge Financial Solutions, Inc. (NYSE:BR) has “Overweight” rating given on Monday, November 2 by Barclays Capital. The stock has “Hold” rating given by Sandler O’Neill on Thursday, September 29. The company was upgraded on Friday, January 8 by Avondale. As per Wednesday, June 15, the company rating was downgraded by Avondale. The firm has “Neutral” rating by JP Morgan given on Friday, August 14. Barclays Capital maintained Broadridge Financial Solutions, Inc. (NYSE:BR) on Wednesday, August 10 with “Equal-Weight” rating. The rating was downgraded by Raymond James to “Market Perform” on Tuesday, June 7. The rating was upgraded by Zacks to “Sell” on Friday, August 14. Atlantic Securities initiated Broadridge Financial Solutions, Inc. (NYSE:BR) on Tuesday, September 13 with “Overweight” rating. Barclays Capital initiated Broadridge Financial Solutions, Inc. (NYSE:BR) rating on Wednesday, September 16. Barclays Capital has “Overweight” rating and $61 price target.
Insitutional Activity: The institutional sentiment decreased to 1.05 in 2016 Q2. Its down 0.01, from 1.06 in 2016Q1. The ratio is negative, as 35 funds sold all Broadridge Financial Solutions, Inc. shares owned while 158 reduced positions. 63 funds bought stakes while 141 increased positions. They now own 100.97 million shares or 0.53% less from 101.51 million shares in 2016Q1.
Coldstream Capital accumulated 38,952 shares or 0.45% of the stock. Inv Management Of Virginia, a Virginia-based fund reported 18,617 shares. Blackrock Japan holds 0.04% of its portfolio in Broadridge Financial Solutions, Inc. (NYSE:BR) for 160,452 shares. Avalon Limited Liability Corporation accumulated 0.07% or 29,310 shares. Hsbc Pcl holds 246,839 shares or 0.04% of its portfolio. Tctc Holdg Limited Liability Com last reported 5,925 shares in the company. Quantitative Mngmt Limited Liability Co owns 28,200 shares or 0.09% of their US portfolio. New York State Teachers Retirement accumulated 0.04% or 219,580 shares. Gateway Inv Advisers Ltd Llc owns 172,266 shares or 0.1% of their US portfolio. Manning Napier Advisors Limited Liability Company accumulated 0.02% or 40,887 shares. Benjamin F Edwards And Inc reported 8,871 shares or 0.11% of all its holdings. The New York-based Community National Bank Na has invested 0% in Broadridge Financial Solutions, Inc. (NYSE:BR). Apg Asset Nv holds 0% or 5,900 shares in its portfolio. Hancock Hldgs has 0.05% invested in the company for 17,679 shares. Fred Alger Management has invested 0.01% of its portfolio in Broadridge Financial Solutions, Inc. (NYSE:BR).
Insider Transactions: Since August 11, 2016, the stock had 0 insider purchases, and 18 selling transactions for $77.44 million net activity. 16,903 Broadridge Financial Solutions, Inc. (NYSE:BR) shares with value of $1.15 million were sold by Gokey Timothy C. SCHIFELLITE ROBERT sold $6.73M worth of Broadridge Financial Solutions, Inc. (NYSE:BR) on Thursday, August 11. The insider Matlin Laura sold $61,659. DALY RICHARD J sold $13.92M worth of stock. Another trade for 34,162 shares valued at $2.28 million was made by MARCHESANI CHARLES J on Wednesday, August 17. $6.22 million worth of Broadridge Financial Solutions, Inc. (NYSE:BR) was sold by AMSTERDAM ADAM D. The insider KALENKA ROBERT F sold $3.71 million.
About 37,805 shares traded hands. Broadridge Financial Solutions, Inc. (NYSE:BR) has risen 10.23% since April 27, 2016 and is uptrending. It has outperformed by 5.01% the S&P500.
Broadridge Financial Solutions, Inc
According to Zacks Investment Research, “Broadridge is a leading global provider of technology-based outsourcing solutions to the financial services industry. Their integrated systems and services include investor communication, securities processing, and clearing and outsourcing solutions. Broadridge offers a broad, integrated suite of innovative global solutions across the investment lifecycle and provides a wide range of cost-effective and scalable solutions to the financial industry. Their systems help reduce the need for clients to make significant capital investments in operations infrastructure, thereby allowing them to increase their focus on core business activities.”
Analysts await Broadridge Financial Solutions, Inc. (NYSE:BR) to report earnings on February, 2. They expect $0.38 earnings per share, 0.00% or $0.00 from last year’s $0.38 per share. BR’s profit will be $45.93M for 43.71 P/E if the $0.38 EPS becomes a reality. After $0.36 actual earnings per share reported by Broadridge Financial Solutions, Inc. for the previous quarter, Wall Street now forecasts 5.56% EPS growth.
More news for Broadridge Financial Solutions, Inc. (NYSE:BR) were recently published by: Prnewswire.com, which released: “Broadridge Financial Solutions Announces Leadership Changes to its Mutual Fund ..” on October 24, 2016. Newsday.com‘s article titled: “Broadridge Financial Solutions profit rises to $170 million” and published on August 09, 2016 is yet another important article.
Broadridge Financial Solutions, Inc. (Broadridge), incorporated on December 6, 2006, is a well-known provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company’s divisions include Investor Communication Solutions, and Global Technology and Operations. The Company’s services include investor and customer communications, securities processing, and data and analytics solutions. The Firm delivers a range of solutions that helps its clients serve their retail and institutional clients across the entire investment lifecycle, including pre-trade, trade, and post-trade processing functionality. The Firm serves a client base across four client groups: capital markets, asset management, wealth management and firms.
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By Linda Rogers