Revenue Update on Broadridge Financial Solutions(NYSE:BR)

Broadridge Financial Solutions(NYSE:BR) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $974.50M. Analysts estimated a revenue of $991.13M. Earnings per share were $1.45. Analysts had estimated an EPS of $1.45.

In a different note, On Jul 7, 2016, Barclays said it Downgrades its rating on Broadridge Financial Solutions. The shares have been rated ‘Equal-weight’ by the firm. On Jun 15, 2016, Avondale Partners said it Downgrades its rating on Broadridge Financial Solutions. The shares have been rated ‘Market Perform’ by the firm. 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) shares turned negative on Wednesdays trading session with the shares closing down -0.42 points or -0.63% at a volume of 9,76,127. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $67.12. The peak price level was also seen at $67.12 while the days lowest was $66.39. Finally the shares closed at $66.64. The 52-week high of the shares is $70.15 while the 52-week low is $48.56. According to the latest information available, the market cap of the company is $7,882 M.

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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