Broadridge Financial Solutions, Inc. (BR) Given Average Recommendation of “Hold” by Brokerages

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.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.12. The business 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 quarter in the prior year, the company posted $0.36 earnings per share. equities research analysts predict that Broadridge Financial Solutions will post 3.78 EPS for the current year.

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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