Broadridge Financial Solutions (NYSE:BR) Stock Rating Lowered by StockNews.com

Broadridge Financial Solutions (NYSE:BR) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

Several other equities analysts have also issued reports on BR. DA Davidson reissued a “neutral” rating and issued a $185.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, June 11th. JPMorgan Chase & Co. boosted their price objective on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Finally, Royal Bank of Canada boosted their price objective on shares of Broadridge Financial Solutions from $239.00 to $246.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Broadridge Financial Solutions has an average rating of “Hold” and a consensus target price of $213.33.

Broadridge Financial Solutions Trading Up 0.8 %

BR traded up $1.66 during trading on Tuesday, reaching $216.84. 636,402 shares of the company’s stock were exchanged, compared to its average volume of 528,958. The company’s fifty day moving average price is $211.78 and its 200-day moving average price is $204.24. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.08 and a current ratio of 1.08. Broadridge Financial Solutions has a fifty-two week low of $166.73 and a fifty-two week high of $223.81. The firm has a market capitalization of $25.63 billion, a PE ratio of 37.00 and a beta of 1.05.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Tuesday, August 6th. The business services provider reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $3.49 by $0.01. Broadridge Financial Solutions had a net margin of 10.73% and a return on equity of 42.77%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the business earned $3.21 EPS. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, equities analysts forecast that Broadridge Financial Solutions will post 8.51 EPS for the current year.

Insider Activity at Broadridge Financial Solutions

In related news, VP Laura Matlin sold 673 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $216.00, for a total value of $145,368.00. Following the transaction, the vice president now owns 5,530 shares in the company, valued at approximately $1,194,480. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Broadridge Financial Solutions news, President Christopher John Perry sold 17,534 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $213.41, for a total transaction of $3,741,930.94. Following the transaction, the president now owns 50,237 shares in the company, valued at $10,721,078.17. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Laura Matlin sold 673 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $216.00, for a total transaction of $145,368.00. Following the transaction, the vice president now owns 5,530 shares in the company, valued at approximately $1,194,480. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 134,386 shares of company stock worth $28,112,824. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BR. Confluence Investment Management LLC bought a new position in Broadridge Financial Solutions in the first quarter valued at approximately $144,033,000. Vanguard Group Inc. increased its stake in Broadridge Financial Solutions by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 13,951,669 shares of the business services provider’s stock valued at $2,870,556,000 after acquiring an additional 110,886 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Broadridge Financial Solutions by 22.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 472,031 shares of the business services provider’s stock valued at $97,120,000 after acquiring an additional 86,853 shares during the last quarter. Earnest Partners LLC increased its stake in Broadridge Financial Solutions by 25.9% in the first quarter. Earnest Partners LLC now owns 364,195 shares of the business services provider’s stock valued at $74,609,000 after acquiring an additional 75,006 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Broadridge Financial Solutions by 8.3% in the second quarter. Dimensional Fund Advisors LP now owns 941,125 shares of the business services provider’s stock valued at $185,417,000 after acquiring an additional 72,018 shares during the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

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.