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

StockNews.com initiated coverage on shares of Broadridge Financial Solutions (NYSE:BRGet Rating) in a research report released on Thursday morning. The brokerage issued a hold rating on the business services provider’s stock.

A number of other analysts have also recently issued reports on the stock. TheStreet raised shares of Broadridge Financial Solutions from a c+ rating to a b rating in a research note on Thursday, February 2nd. Morgan Stanley assumed coverage on shares of Broadridge Financial Solutions in a research note on Wednesday, December 14th. They set an equal weight rating and a $160.00 target price for the company. Wolfe Research cut their target price on shares of Broadridge Financial Solutions from $137.00 to $135.00 in a research note on Thursday, January 5th. Finally, Raymond James raised their target price on shares of Broadridge Financial Solutions from $180.00 to $183.00 and gave the company an outperform rating in a research note on Friday, February 3rd.

Broadridge Financial Solutions Stock Performance

Shares of NYSE BR opened at $135.16 on Thursday. The firm has a fifty day moving average price of $144.29 and a 200-day moving average price of $146.04. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market cap of $15.91 billion, a PE ratio of 30.17 and a beta of 0.97. Broadridge Financial Solutions has a 1 year low of $131.35 and a 1 year high of $183.33.

Broadridge Financial Solutions (NYSE:BRGet Rating) last announced its quarterly earnings data on Thursday, February 2nd. The business services provider reported $0.91 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.91. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Broadridge Financial Solutions had a net margin of 9.13% and a return on equity of 40.38%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.83 earnings per share. Equities analysts anticipate that Broadridge Financial Solutions will post 6.91 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 5th. Stockholders of record on Wednesday, March 15th will be given a $0.725 dividend. This represents a $2.90 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Tuesday, March 14th. Broadridge Financial Solutions’s payout ratio is currently 64.73%.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, Director Robert N. Duelks sold 1,425 shares of Broadridge Financial Solutions stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $141.06, for a total transaction of $201,010.50. Following the completion of the sale, the director now directly owns 6,275 shares in the company, valued at approximately $885,151.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Broadridge Financial Solutions

A number of large investors have recently added to or reduced their stakes in BR. Mather Group LLC. purchased a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at about $441,000. Rockefeller Capital Management L.P. increased its stake in Broadridge Financial Solutions by 1.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 11,159 shares of the business services provider’s stock valued at $1,496,000 after purchasing an additional 148 shares during the last quarter. Voya Investment Management LLC increased its stake in Broadridge Financial Solutions by 1.1% in the fourth quarter. Voya Investment Management LLC now owns 72,590 shares of the business services provider’s stock valued at $9,736,000 after purchasing an additional 757 shares during the last quarter. Natixis increased its stake in Broadridge Financial Solutions by 21.0% in the fourth quarter. Natixis now owns 8,735 shares of the business services provider’s stock valued at $1,172,000 after purchasing an additional 1,516 shares during the last quarter. Finally, Macquarie Group Ltd. grew its position in shares of Broadridge Financial Solutions by 6.8% during the fourth quarter. Macquarie Group Ltd. now owns 1,089,315 shares of the business services provider’s stock worth $146,110,000 after acquiring an additional 69,587 shares during the last quarter. 86.45% of the stock is currently owned by institutional investors and hedge funds.

Broadridge Financial Solutions Company Profile

(Get Rating)

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.

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