Sandler O’Neill Analysts Give Broadridge Financial Solutions (BR) a $95.00 Price Target

Broadridge Financial Solutions (NYSE:BR) has been assigned a $95.00 price target by Sandler O’Neill in a report issued on Thursday. The firm presently has a “hold” rating on the business services provider’s stock. Sandler O’Neill’s price target suggests a potential upside of 3.05% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $108.00 price objective on the stock in a research report on Wednesday, January 31st. ValuEngine upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Barclays upped their price objective on shares of Broadridge Financial Solutions from $74.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 9th. DA Davidson restated a “hold” rating and issued a $86.00 price objective on shares of Broadridge Financial Solutions in a research report on Thursday, November 9th. Finally, Raymond James Financial restated a “hold” rating on shares of Broadridge Financial Solutions in a research report on Monday, December 4th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $97.25.

Broadridge Financial Solutions (BR) traded up $1.41 during mid-day trading on Thursday, hitting $92.19. 902,465 shares of the company traded hands, compared to its average volume of 420,774. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.70 and a current ratio of 1.79. The company has a market capitalization of $10,920.00, a PE ratio of 29.45, a price-to-earnings-growth ratio of 2.25 and a beta of 1.01. Broadridge Financial Solutions has a one year low of $66.49 and a one year high of $97.54.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.21. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $945.80 million. Broadridge Financial Solutions had a net margin of 8.74% and a return on equity of 44.02%. Broadridge Financial Solutions’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.39 earnings per share. equities analysts anticipate that Broadridge Financial Solutions will post 4.04 earnings per share for the current fiscal year.

In other Broadridge Financial Solutions news, Director Richard J. Haviland sold 7,655 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $88.51, for a total transaction of $677,544.05. Following the transaction, the director now directly owns 44,482 shares in the company, valued at $3,937,101.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Schifellite sold 49,181 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $89.47, for a total transaction of $4,400,224.07. Following the transaction, the insider now owns 149,181 shares in the company, valued at $13,347,224.07. The disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of BR. Toronto Dominion Bank grew its position in 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 valued at $110,000 after acquiring an additional 149 shares during the last quarter. Advisory Services Network LLC grew its position in 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 valued at $118,000 after acquiring an additional 706 shares during the last quarter. Wetherby Asset Management Inc. bought a new position in Broadridge Financial Solutions during the fourth quarter valued at approximately $200,000. Moody Aldrich Partners LLC bought a new position in Broadridge Financial Solutions during the fourth quarter valued at approximately $204,000. Finally, Aureus Asset Management LLC purchased a new stake in shares of Broadridge Financial Solutions during the third quarter valued at approximately $209,000. Institutional investors and hedge funds own 83.83% of the company’s stock.

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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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