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.
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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