Broadridge Financial Solutions (BR) reported quarterly earnings results on Tuesday, Aug-9-2016. The company reported $1.45 EPS for the quarter. Analysts had a consensus estimate of $1.45. The company posted revenue of $974.50 million in the period, compared to analysts expectations of $988.65 million. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.40 EPS.
Many Wall Street Analysts have commented on Broadridge Financial Solutions. Barclays Downgraded Broadridge Financial Solutions on Jul 7, 2016 to ” Equal Weight”, Price Target of the shares are set at $67.Broadridge Financial Solutions was Downgraded by Avondale to ” Mkt Perform” on Jun 15, 2016. Broadridge Financial Solutions was Downgraded by Raymond James to ” Mkt Perform” on Jun 7, 2016.
Broadridge Financial Solutions closed down -0.27 points or -0.39% at $68.49 with 6,50,062 shares getting traded on Monday. Post opening the session at $68.76, the shares hit an intraday low of $68.46 and an intraday high of $68.93 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Mar 2, 2016, Robert Schifellite (Corporate Senior VP) purchased 16 shares at $51.85 per share price. According to the SEC, on Feb 17, 2016, Charles J Marchesani (Corporate Vice President) sold 37,914 shares at $55.19 per share price. On Jan 6, 2016, Douglas Richard Deschutter (Corporate Vice President) sold 9,075 shares at $52.44 per share price, according to the Form-4 filing with the securities and exchange commission.
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 delivers a range of solutions that help its clients serve their retail and institutional customers across the entire investment lifecycle including pre-trade trade and post-trade processing. It serves a diverse client base across its five businesses: Bank/Broker-Dealer Investor Communication Solutions Corporate Issuer Solutions Advisor Solutions Mutual Fund and Retirement Solutions and Global Technology and Operations. Its businesses operate in two business segments: Investor Communication Solutions and Global Technology and Operations. Its services include investor communications securities processing and data and analytics solutions. It provides an infrastructure that helps the financial services industry operate. It provides financial services firms with integrated systems.