Broadridge Financial Solutions (BR) Given Average Rating of “Hold” by Brokerages

Shares of Broadridge Financial Solutions (NYSE:BR) have received a consensus recommendation of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $97.67.

A number of equities research analysts recently issued reports on BR shares. Barclays upped their target price on Broadridge Financial Solutions from $96.00 to $100.00 and gave the company an “equal weight” rating in a research note on Friday, February 9th. ValuEngine raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Sandler O’Neill set a $95.00 target price on Broadridge Financial Solutions and gave the company a “hold” rating in a research note on Thursday, February 8th. Finally, DA Davidson upped their target price on Broadridge Financial Solutions from $90.00 to $92.00 and gave the company a “neutral” rating in a research note on Wednesday, March 28th.

In other Broadridge Financial Solutions news, Director Stuart R. Levine sold 8,304 shares of the stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $106.05, for a total transaction of $880,639.20. Following the transaction, the director now owns 24,554 shares of the company’s stock, valued at approximately $2,603,951.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Richard J. Daly sold 26,000 shares of the stock in a transaction on Tuesday, April 3rd. The stock was sold at an average price of $107.44, for a total value of $2,793,440.00. Following the transaction, the chief executive officer now directly owns 337,845 shares in the company, valued at approximately $36,298,066.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 163,743 shares of company stock worth $15,985,048. 2.60% of the stock is owned by corporate insiders.

Several institutional investors have recently modified their holdings of the business. D.B. Root & Company LLC purchased a new position in shares of Broadridge Financial Solutions during the 4th quarter worth $290,000. Xact Kapitalforvaltning AB lifted its stake in shares of Broadridge Financial Solutions by 15.8% during the 4th quarter. Xact Kapitalforvaltning AB now owns 11,132 shares of the business services provider’s stock worth $1,008,000 after purchasing an additional 1,523 shares during the period. Hilton Capital Management LLC lifted its stake in shares of Broadridge Financial Solutions by 16.7% during the 4th quarter. Hilton Capital Management LLC now owns 286,233 shares of the business services provider’s stock worth $25,927,000 after purchasing an additional 41,030 shares during the period. Westover Capital Advisors LLC purchased a new position in shares of Broadridge Financial Solutions during the 4th quarter worth $320,000. Finally, Marco Investment Management LLC purchased a new position in shares of Broadridge Financial Solutions during the 4th quarter worth $207,000. 84.92% of the stock is currently owned by institutional investors.

Shares of NYSE:BR traded up $0.77 during trading on Thursday, hitting $108.13. 749,486 shares of the stock were exchanged, compared to its average volume of 699,499. The firm has a market capitalization of $12,690.81, a price-to-earnings ratio of 34.55, a price-to-earnings-growth ratio of 2.70 and a beta of 0.85. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.79. Broadridge Financial Solutions has a 12-month low of $68.16 and a 12-month high of $112.59.

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

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 3rd. Investors of record on Thursday, March 15th were paid a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Wednesday, March 14th. Broadridge Financial Solutions’s payout ratio is currently 46.65%.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry worldwide. 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 offers ProxyEdge, an electronic proxy delivery and voting solution.

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