Shares of Broadridge Financial Solutions, Inc. (NYSE:BR) have received an average recommendation of “Hold” from the six analysts that are presently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $90.50.

A number of analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Tuesday. DA Davidson reiterated a “hold” rating and issued a $86.00 price target on shares of Broadridge Financial Solutions in a report on Thursday, November 9th. ValuEngine downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Raymond James Financial reiterated a “hold” rating on shares of Broadridge Financial Solutions in a report on Monday, December 4th. Finally, Barclays reiterated a “hold” rating and issued a $95.00 price target on shares of Broadridge Financial Solutions in a report on Friday, December 8th.

In other news, insider Robert Schifellite sold 49,181 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $89.47, for a total value of $4,400,224.07. Following the sale, the insider now directly owns 149,181 shares in the company, valued at approximately $13,347,224.07. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Richard J. Daly sold 94,039 shares of the business’s stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $81.95, for a total transaction of $7,706,496.05. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 150,875 shares of company stock worth $12,784,264. Insiders own 2.60% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC increased its holdings in shares of Broadridge Financial Solutions by 82.8% in the 2nd quarter. Advisory Services Network LLC now owns 1,559 shares of the business services provider’s stock worth $118,000 after buying an additional 706 shares during the last quarter. Wendell David Associates Inc. boosted its stake in shares of Broadridge Financial Solutions by 9.3% during the 3rd quarter. Wendell David Associates Inc. now owns 71,316 shares of the business services provider’s stock worth $5,764,000 after purchasing an additional 6,043 shares during the period. Janus Henderson Group PLC boosted its stake 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 worth $542,669,000 after purchasing an additional 6,770,958 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Broadridge Financial Solutions during the 2nd quarter worth about $296,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Broadridge Financial Solutions by 16.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 503,464 shares of the business services provider’s stock worth $40,590,000 after purchasing an additional 71,106 shares during the period. Hedge funds and other institutional investors own 83.48% of the company’s stock.

Shares of Broadridge Financial Solutions (NYSE:BR) traded up $0.57 during mid-day trading on Tuesday, hitting $93.13. 439,000 shares of the stock traded hands, compared to its average volume of 406,660. The company has a market cap of $10,850.00, a P/E ratio of 32.56, a price-to-earnings-growth ratio of 2.49 and a beta of 0.99. Broadridge Financial Solutions has a 12-month low of $65.22 and a 12-month high of $93.66. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.25.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Friday, December 15th were issued a $0.365 dividend. The ex-dividend date was Thursday, December 14th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 1.57%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 51.05%.

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Broadridge Financial Solutions Company Profile

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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