Broadridge Financial Solutions, Inc. (NYSE:BR) Receives Average Recommendation of “Hold” from Analysts

Broadridge Financial Solutions, Inc. (NYSE:BR) has earned a consensus rating of “Hold” from the seven research firms that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $206.67.

Several research firms have commented on BR. Evercore ISI reissued an “outperform” rating and set a $230.00 target price on shares of Broadridge Financial Solutions in a research report on Tuesday, March 26th. StockNews.com raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Friday. Royal Bank of Canada lifted their price target on shares of Broadridge Financial Solutions from $212.00 to $239.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Raymond James lifted their price target on shares of Broadridge Financial Solutions from $205.00 to $214.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $185.00 price target on shares of Broadridge Financial Solutions in a report on Wednesday, April 10th.

Insider Activity at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 22,722 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $199.00, for a total value of $4,521,678.00. Following the completion of the sale, the insider now owns 44,680 shares in the company, valued at approximately $8,891,320. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Robert N. Duelks sold 830 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $201.58, for a total transaction of $167,311.40. Following the completion of the transaction, the director now owns 5,445 shares of the company’s stock, valued at approximately $1,097,603.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Douglas Richard Deschutter sold 22,722 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $199.00, for a total value of $4,521,678.00. Following the transaction, the insider now directly owns 44,680 shares of the company’s stock, valued at approximately $8,891,320. The disclosure for this sale can be found here. Insiders sold 48,483 shares of company stock worth $9,745,637 in the last ninety days. 1.60% of the stock is owned by company insiders.

Institutional Trading of Broadridge Financial Solutions

Several large investors have recently modified their holdings of the company. Morgan Stanley increased its holdings in shares of Broadridge Financial Solutions by 41.0% in 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 during the last quarter. Stifel Financial Corp increased its holdings in shares of Broadridge Financial Solutions by 1,700.7% in the third quarter. Stifel Financial Corp now owns 1,542,507 shares of the business services provider’s stock worth $276,194,000 after purchasing an additional 1,456,847 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in 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 acquiring an additional 1,025,907 shares during the last quarter. Confluence Investment Management LLC bought a new stake in Broadridge Financial Solutions during the first quarter worth approximately $144,033,000. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in 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 acquiring an additional 554,807 shares during the last quarter. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Performance

Shares of BR opened at $195.67 on Tuesday. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a 50-day moving average of $201.16 and a 200-day moving average of $193.79. The company has a market cap of $23.04 billion, a PE ratio of 34.09 and a beta of 0.99. Broadridge Financial Solutions has a one year low of $139.52 and a one year high of $210.24.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Thursday, February 1st. The business services provider reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.40 billion. Broadridge Financial Solutions had a return on equity of 41.12% and a net margin of 10.82%. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period last year, the business posted $0.91 EPS. On average, equities research analysts predict that Broadridge Financial Solutions will post 7.72 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend was Thursday, March 14th. Broadridge Financial Solutions’s dividend payout ratio is presently 55.75%.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry. The company's Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services; and distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions.