Broadridge Financial Solutions Hits New 12-Month High at $43.13 (BR)
Broadridge Financial Solutions (NYSE:BR) shares hit a new 52-week high during mid-day trading on Tuesday , Analyst Ratings News reports. The stock traded as high as $43.13 and last traded at $42.72, with a volume of 400,418 shares changing hands. The stock had previously closed at $42.54.
BR has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Broadridge Financial Solutions in a research note on Wednesday, August 13th. They now have a $45.00 price target on the stock, up previously from $41.00. Analysts at Raymond James initiated coverage on shares of Broadridge Financial Solutions in a research note on Wednesday, July 23rd. They set an “outperform” rating and a $46.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Broadridge Financial Solutions has a consensus rating of “Hold” and an average target price of $42.00.
The stock’s 50-day moving average is $41.13 and its 200-day moving average is $39.33. The company has a market cap of $5.116 billion and a price-to-earnings ratio of 20.07.
Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.17 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.16 by $0.01. The company had revenue of $885.90 million for the quarter, compared to the consensus estimate of $878.70 million. During the same quarter in the prior year, the company posted $1.15 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. On average, analysts predict that Broadridge Financial Solutions will post $2.48 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors of record on Monday, September 15th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Thursday, September 11th. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.21.
In other Broadridge Financial Solutions news, VP Gerard F. Scavelli sold 36,200 shares of Broadridge Financial Solutions stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $42.02, for a total transaction of $1,521,124.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Broadridge Financial Solutions, Inc (NYSE:BR) is a global provider of investor communications and technology-driven solutions to banks/broker-dealers, mutual funds and corporate issuers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.