Broadridge Financial Solutions, Inc. (NYSE:BR) Given Average Rating of “Hold” by Analysts

Broadridge Financial Solutions, Inc. (NYSE:BRGet Free Report) has earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $206.67.

A number of analysts recently weighed in on the company. StockNews.com downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, May 12th. Evercore ISI restated an “outperform” rating and set a $230.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, March 26th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $185.00 price target on shares of Broadridge Financial Solutions in a research note on Wednesday, April 10th.

Get Our Latest Analysis on Broadridge Financial Solutions

Broadridge Financial Solutions Stock Performance

NYSE:BR opened at $199.98 on Wednesday. Broadridge Financial Solutions has a 1 year low of $152.47 and a 1 year high of $210.24. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.39 and a quick ratio of 1.39. The business has a fifty day simple moving average of $198.77 and a two-hundred day simple moving average of $198.99. The company has a market capitalization of $23.63 billion, a P/E ratio of 34.13 and a beta of 1.03.

Broadridge Financial Solutions (NYSE:BRGet Free Report) last issued its earnings results on Wednesday, May 8th. The business services provider reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.01). Broadridge Financial Solutions had a return on equity of 40.88% and a net margin of 10.92%. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the business earned $2.05 EPS. Broadridge Financial Solutions’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, analysts expect that Broadridge Financial Solutions will post 7.72 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be given a $0.80 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.60%. Broadridge Financial Solutions’s dividend payout ratio is currently 54.61%.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, insider Douglas Richard Deschutter sold 12,200 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $204.71, for a total value of $2,497,462.00. Following the transaction, the insider now owns 32,480 shares in the company, valued at approximately $6,648,980.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, VP Thomas P. Carey sold 2,500 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $200.40, for a total transaction of $501,000.00. Following the sale, the vice president now directly owns 9,361 shares of the company’s stock, valued at $1,875,944.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Douglas Richard Deschutter sold 12,200 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $204.71, for a total value of $2,497,462.00. Following the completion of the transaction, the insider now directly owns 32,480 shares of the company’s stock, valued at approximately $6,648,980.80. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

Institutional Trading of Broadridge Financial Solutions

Hedge funds have recently bought and sold shares of the company. LifeSteps Financial Inc. purchased a new position in shares of Broadridge Financial Solutions during the 1st quarter worth $32,000. Stuart Chaussee & Associates Inc. bought a new stake in Broadridge Financial Solutions during the fourth quarter valued at about $34,000. Manchester Capital Management LLC increased its position in Broadridge Financial Solutions by 57.1% in the fourth quarter. Manchester Capital Management LLC now owns 165 shares of the business services provider’s stock worth $34,000 after buying an additional 60 shares in the last quarter. New Covenant Trust Company N.A. bought a new position in shares of Broadridge Financial Solutions in the first quarter worth about $34,000. Finally, Headinvest LLC purchased a new position in shares of Broadridge Financial Solutions during the 3rd quarter valued at about $32,000. Hedge funds and other institutional investors own 90.03% of the company’s stock.

About Broadridge Financial Solutions

(Get Free Report

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.

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Analyst Recommendations for Broadridge Financial Solutions (NYSE:BR)

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