Avondale Partners Downgrades Broadridge Financial Solutions to Market Perform

Brokerage firm Avondale Partners Downgrades its rating on Broadridge Financial Solutions(NYSE:BR). The shares have been rated Market Perform. Previously, the analysts had a Market Outperform rating on the shares. The rating by Avondale Partners was issued on Jun 15, 2016.

In a different note, On Jun 7, 2016, Raymond James said it Downgrades its rating on Broadridge Financial Solutions. The shares have been rated ‘Market Perform’ by the firm.

Broadridge Financial Solutions (BR) made into the market gainers list on Tuesdays trading session with the shares advancing 0.37% or 0.24 points. Due to strong positive momentum, the stock ended at $64.27, which is also near the day’s high of $64.77. The stock began the session at $64.03 and the volume stood at 5,65,480 shares. The 52-week high of the shares is $66.05 and the 52 week low is $48.56. The company has a current market capitalization of $7,598 M and it has 11,82,15,334 shares in outstanding.

Broadridge Financial Solutions(BR) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $688.80M. Analysts had an estimated revenue of $688.75M. Earnings per share were $0.58. Analysts had estimated an EPS of $0.51.

Several Insider Transactions has been reported to the SEC. On Mar 2, 2016, Robert Schifellite (Corporate Senior VP) purchased 16 shares at $51.85 per share price.Also, 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.

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