Broadridge Financial Solutions (NYSE:BR) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Broadridge Financial Solutions (NYSE:BR) had its price objective raised by Morgan Stanley from $200.00 to $207.00 in a research note released on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the business services provider’s stock.

A number of other equities analysts also recently commented on the company. JPMorgan Chase & Co. lifted their price target on Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Royal Bank of Canada boosted their price target on Broadridge Financial Solutions from $239.00 to $246.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, StockNews.com raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $217.83.

Broadridge Financial Solutions Trading Up 1.8 %

NYSE BR opened at $225.21 on Wednesday. The company has a market cap of $26.32 billion, a P/E ratio of 38.96 and a beta of 1.05. Broadridge Financial Solutions has a 12 month low of $175.21 and a 12 month high of $226.16. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.39 and a quick ratio of 1.08. The company has a 50-day moving average of $214.29 and a 200-day moving average of $206.98.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Tuesday, November 5th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.03. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. Broadridge Financial Solutions had a net margin of 10.57% and a return on equity of 41.79%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 earnings per share. As a group, equities analysts predict that Broadridge Financial Solutions will post 8.51 earnings per share for the current year.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, insider Douglas Richard Deschutter sold 24,185 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $220.21, for a total transaction of $5,325,778.85. Following the completion of the sale, the insider now directly owns 27,137 shares of the company’s stock, valued at approximately $5,975,838.77. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Broadridge Financial Solutions news, CEO Timothy C. Gokey sold 25,000 shares of Broadridge Financial Solutions stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $209.11, for a total value of $5,227,750.00. Following the transaction, the chief executive officer now directly owns 200,675 shares of the company’s stock, valued at $41,963,149.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Douglas Richard Deschutter sold 24,185 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $220.21, for a total value of $5,325,778.85. Following the transaction, the insider now owns 27,137 shares of the company’s stock, valued at approximately $5,975,838.77. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 157,898 shares of company stock worth $33,293,234 over the last three months. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of Broadridge Financial Solutions

A number of hedge funds have recently bought and sold shares of the stock. Bogart Wealth LLC lifted its position in shares of Broadridge Financial Solutions by 384.0% in the 3rd quarter. Bogart Wealth LLC now owns 121 shares of the business services provider’s stock worth $26,000 after acquiring an additional 96 shares during the period. EdgeRock Capital LLC bought a new position in Broadridge Financial Solutions in the second quarter worth $32,000. Rothschild Investment LLC bought a new position in Broadridge Financial Solutions in the second quarter worth $32,000. New Covenant Trust Company N.A. acquired a new stake in Broadridge Financial Solutions during the first quarter worth $34,000. Finally, Family Firm Inc. bought a new stake in Broadridge Financial Solutions in the 2nd quarter valued at $37,000. 90.03% of the stock is owned by institutional investors.

About Broadridge Financial Solutions

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.