Broadridge Financial Solutions, Inc. (NYSE:BR) has been given an average rating of “Hold” by the six brokerages that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $96.33.
A number of research firms recently commented on BR. Zacks Investment Research upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a report on Wednesday. Barclays reiterated a “hold” rating and issued a $95.00 price objective on shares of Broadridge Financial Solutions in a report on Friday, December 8th. Raymond James Financial reiterated a “hold” rating on shares of Broadridge Financial Solutions in a report on Monday, December 4th. ValuEngine downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, DA Davidson reiterated a “hold” rating and issued a $86.00 price objective on shares of Broadridge Financial Solutions in a report on Thursday, November 9th.
Broadridge Financial Solutions (NYSE:BR) traded down $1.41 during midday trading on Friday, reaching $94.77. The company had a trading volume of 390,918 shares, compared to its average volume of 369,998. The company has a market capitalization of $11,050.00, a P/E ratio of 33.14, a PEG ratio of 2.55 and a beta of 1.01. 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 has a fifty-two week low of $66.49 and a fifty-two week high of $97.54.
In other Broadridge Financial Solutions news, insider Robert Schifellite sold 49,181 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $89.47, for a total value of $4,400,224.07. Following the completion of the sale, the insider now directly owns 149,181 shares in the company, valued at $13,347,224.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard J. Haviland sold 7,655 shares of the stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $88.51, for a total value of $677,544.05. Following the completion of the sale, the director now owns 44,482 shares of the company’s stock, valued at $3,937,101.82. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. ETF Managers Group LLC bought a new position in shares of Broadridge Financial Solutions during the second quarter worth about $144,000. Toronto Dominion Bank grew its holdings in shares of Broadridge Financial Solutions by 11.4% during the second quarter. Toronto Dominion Bank now owns 1,453 shares of the business services provider’s stock worth $110,000 after buying an additional 149 shares in the last quarter. Advisory Services Network LLC grew its holdings in shares of Broadridge Financial Solutions by 82.8% during the second 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 in the last quarter. Moody Aldrich Partners LLC bought a new position in shares of Broadridge Financial Solutions during the fourth quarter worth about $204,000. Finally, Court Place Advisors LLC bought a new position in shares of Broadridge Financial Solutions during the fourth quarter worth about $210,000. Institutional investors and hedge funds own 83.52% of the company’s stock.
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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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