Broadridge Financial Solutions (NYSE:BR) Earns Hold Rating from Analysts at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Broadridge Financial Solutions (NYSE:BR – Get Rating) in a report issued on Thursday. The brokerage set a “hold” rating on the business services provider’s stock.

Several other research analysts have also recently weighed in on the company. Raymond James lifted their price target on Broadridge Financial Solutions from $180.00 to $183.00 and gave the company an “outperform” rating in a research report on Friday, February 3rd. TheStreet upgraded Broadridge Financial Solutions from a “c+” rating to a “b” rating in a research report on Thursday, February 2nd. Wolfe Research reduced their price target on Broadridge Financial Solutions from $137.00 to $135.00 in a research report on Thursday, January 5th. Finally, Morgan Stanley started coverage on Broadridge Financial Solutions in a research report on Wednesday, December 14th. They set an “equal weight” rating and a $160.00 price target for the company.

Broadridge Financial Solutions Trading Down 0.6 %

Broadridge Financial Solutions stock opened at $136.15 on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 2.30. Broadridge Financial Solutions has a 52 week low of $131.35 and a 52 week high of $183.33. The company has a market capitalization of $16.02 billion, a price-to-earnings ratio of 30.39 and a beta of 0.97. The stock has a 50-day moving average price of $144.25 and a 200 day moving average price of $146.44.

Broadridge Financial Solutions (NYSE:BR – Get Rating) last announced its quarterly earnings results on Thursday, February 2nd. The business services provider reported $0.91 earnings per share for the quarter, meeting the consensus estimate of $0.91. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Broadridge Financial Solutions had a return on equity of 40.38% and a net margin of 9.13%. Broadridge Financial Solutions’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the business earned $0.83 earnings per share. Sell-side analysts anticipate that Broadridge Financial Solutions will post 6.91 EPS for the current year.

Insider Activity

In other news, Director Robert N. Duelks sold 1,425 shares of the business’s stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $141.06, for a total value of $201,010.50. Following the completion of the sale, the director now directly owns 6,275 shares in the company, valued at $885,151.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Broadridge Financial Solutions

Several large investors have recently made changes to their positions in BR. Morgan Stanley increased its position in shares of Broadridge Financial Solutions by 41.0% during the fourth quarter. Morgan Stanley now owns 7,043,656 shares of the business services provider’s stock worth $944,766,000 after purchasing an additional 2,048,184 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Broadridge Financial Solutions by 85.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,230,810 shares of the business services provider’s stock worth $299,219,000 after purchasing an additional 1,025,907 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Broadridge Financial Solutions by 1,454.6% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,065,835 shares of the business services provider’s stock worth $153,821,000 after purchasing an additional 997,275 shares in the last quarter. TD Asset Management Inc. increased its position in shares of Broadridge Financial Solutions by 470.9% during the third quarter. TD Asset Management Inc. now owns 784,831 shares of the business services provider’s stock worth $115,292,000 after purchasing an additional 647,363 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in shares of Broadridge Financial Solutions by 86.6% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,195,313 shares of the business services provider’s stock worth $186,122,000 after purchasing an additional 554,807 shares in the last quarter. 86.45% of the stock is currently owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Company Profile

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Broadridge Financial Solutions, Inc engages in the provision of investor communications and technology solutions to banks, broker-dealers, mutual funds, and corporate issuers. It operates through the following segments: Investor Communication Solutions and Global Technology and Operations. The Investor Communication Solutions segment offers services for broker-dealer investor communication, customer communication, corporate issuer, advisor solutions, and mutual fund and retirement solutions.