Broadridge Financial Solutions (NYSE:BR – Get Free Report)‘s stock had its “peer perform” rating reissued by stock analysts at Wolfe Research in a research report issued on Thursday, Marketbeat.com reports.
Other analysts have also recently issued research reports about the stock. Royal Bank of Canada reissued an “outperform” rating and set a $246.00 price objective on shares of Broadridge Financial Solutions in a report on Wednesday, November 6th. JPMorgan Chase & Co. upped their target price on Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. UBS Group began coverage on Broadridge Financial Solutions in a research report on Thursday, November 21st. They set a “neutral” rating and a $250.00 price target on the stock. DA Davidson increased their price objective on Broadridge Financial Solutions from $210.00 to $215.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, StockNews.com cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, November 9th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $226.71.
View Our Latest Stock Analysis on BR
Broadridge Financial Solutions Price Performance
Broadridge Financial Solutions stock opened at $233.53 on Thursday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.63. The company has a fifty day simple moving average of $224.43 and a 200-day simple moving average of $212.75. The stock has a market cap of $27.30 billion, a P/E ratio of 40.40 and a beta of 1.07. Broadridge Financial Solutions has a 12-month low of $188.30 and a 12-month high of $237.96.
Broadridge Financial Solutions (NYSE:BR – Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the business earned $1.09 EPS. Broadridge Financial Solutions’s revenue for the quarter was down .6% on a year-over-year basis. Equities analysts expect that Broadridge Financial Solutions will post 8.52 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, VP Thomas P. Carey sold 15,710 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $230.32, for a total transaction of $3,618,327.20. Following the transaction, the vice president now directly owns 12,146 shares of the company’s stock, valued at $2,797,466.72. This represents a 56.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Maura A. Markus sold 3,880 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $227.02, for a total transaction of $880,837.60. Following the completion of the sale, the director now owns 27,788 shares of the company’s stock, valued at $6,308,431.76. This trade represents a 12.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,532 shares of company stock worth $12,264,846. 1.30% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in BR. Wealth Enhancement Advisory Services LLC increased its stake in Broadridge Financial Solutions by 22.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 36,504 shares of the business services provider’s stock valued at $7,191,000 after purchasing an additional 6,690 shares in the last quarter. Swedbank AB boosted its position in shares of Broadridge Financial Solutions by 1.0% in the 2nd quarter. Swedbank AB now owns 24,420 shares of the business services provider’s stock worth $4,811,000 after buying an additional 252 shares in the last quarter. Triad Wealth Partners LLC acquired a new stake in Broadridge Financial Solutions in the 2nd quarter valued at about $44,000. Naples Global Advisors LLC increased its holdings in Broadridge Financial Solutions by 22.0% during the 2nd quarter. Naples Global Advisors LLC now owns 8,615 shares of the business services provider’s stock valued at $1,704,000 after acquiring an additional 1,555 shares in the last quarter. Finally, Miracle Mile Advisors LLC acquired a new position in Broadridge Financial Solutions during the second quarter worth about $220,000. 90.03% of the stock is owned by hedge funds and other institutional investors.
Broadridge Financial Solutions Company Profile
(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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