Broadridge Financial Solutions (NYSE:BR)‘s stock had its “hold” rating reaffirmed by analysts at Raymond James Financial in a research note issued on Monday.

Other research analysts have also recently issued research reports about the company. BidaskClub cut Broadridge Financial Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Barclays raised their target price on Broadridge Financial Solutions from $72.00 to $74.00 and gave the company an “equal weight” rating in a research note on Friday, August 11th. DA Davidson initiated coverage on Broadridge Financial Solutions in a research note on Monday, August 7th. They set a “neutral” rating and a $74.00 target price for the company. Finally, ValuEngine cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Friday. Five investment analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus price target of $85.50.

Shares of Broadridge Financial Solutions (BR) traded up $0.04 on Monday, reaching $90.17. The company had a trading volume of 503,500 shares, compared to its average volume of 465,329. The company has a market cap of $10,504.88, a P/E ratio of 27.07, a P/E/G ratio of 2.42 and a beta of 0.99. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.70 and a current ratio of 1.70. Broadridge Financial Solutions has a 52-week low of $63.55 and a 52-week high of $91.75.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.12. The firm had revenue of $925.00 million during the quarter, compared to the consensus estimate of $923.68 million. Broadridge Financial Solutions had a return on equity of 40.17% and a net margin of 8.22%. The firm’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.36 EPS. equities analysts predict that Broadridge Financial Solutions will post 3.72 EPS for the current year.

In other news, insider Richard J. Daly sold 94,039 shares of the company’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $81.95, for a total transaction of $7,706,496.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.60% of the company’s stock.

A number of institutional investors have recently made changes to their positions in BR. BlackRock Inc. raised its stake in shares of Broadridge Financial Solutions by 0.7% during the 2nd quarter. BlackRock Inc. now owns 12,134,364 shares of the business services provider’s stock worth $916,871,000 after purchasing an additional 79,827 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Broadridge Financial Solutions by 1,647.4% during the 2nd quarter. Janus Henderson Group PLC now owns 7,181,963 shares of the business services provider’s stock valued at $542,669,000 after acquiring an additional 6,770,958 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Broadridge Financial Solutions by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,438,336 shares of the business services provider’s stock valued at $184,239,000 after acquiring an additional 10,182 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Broadridge Financial Solutions by 3.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,461,535 shares of the business services provider’s stock valued at $118,123,000 after acquiring an additional 53,439 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Broadridge Financial Solutions by 0.7% during the 2nd quarter. Northern Trust Corp now owns 1,437,887 shares of the business services provider’s stock valued at $108,647,000 after acquiring an additional 10,569 shares during the last quarter. 83.54% of the stock is owned by hedge funds and other institutional investors.

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About Broadridge Financial Solutions

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’s segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment.

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