DA Davidson Reiterates Neutral Rating for Broadridge Financial Solutions (NYSE:BR)

Broadridge Financial Solutions (NYSE:BR)‘s stock had its “neutral” rating restated by analysts at DA Davidson in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $215.00 price objective on the business services provider’s stock. DA Davidson’s price target would suggest a potential downside of 8.52% from the stock’s current price.

A number of other analysts also recently commented on BR. StockNews.com downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $246.00 price objective on shares of Broadridge Financial Solutions in a research note on Wednesday, November 6th. Morgan Stanley increased their price target on shares of Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th. Wolfe Research restated a “peer perform” rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. Finally, UBS Group began coverage on shares of Broadridge Financial Solutions in a research report on Thursday, November 21st. They issued a “neutral” rating and a $250.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Broadridge Financial Solutions currently has a consensus rating of “Hold” and a consensus price target of $226.71.

Broadridge Financial Solutions Trading Up 0.6 %

Broadridge Financial Solutions stock opened at $235.02 on Tuesday. The stock has a 50-day moving average price of $229.78 and a 200 day moving average price of $218.59. The company has a market capitalization of $27.47 billion, a price-to-earnings ratio of 40.66 and a beta of 1.08. Broadridge Financial Solutions has a 52 week low of $188.30 and a 52 week high of $237.96. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.63.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Tuesday, November 5th. The business services provider reported $1.00 EPS for the quarter, beating the consensus estimate of $0.97 by $0.03. Broadridge Financial Solutions had a net margin of 10.57% and a return on equity of 41.79%. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the firm earned $1.09 EPS. The business’s revenue for the quarter was down .6% on a year-over-year basis. Sell-side analysts anticipate that Broadridge Financial Solutions will post 8.53 EPS for the current year.

Insider Buying and Selling

In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 10,757 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $226.82, for a total value of $2,439,902.74. Following the completion of the sale, the vice president now owns 12,689 shares in the company, valued at approximately $2,878,118.98. This represents a 45.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Douglas Richard Deschutter sold 24,185 shares of the business’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 in the company, valued at approximately $5,975,838.77. This represents a 47.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,532 shares of company stock worth $12,264,846. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Broadridge Financial Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Nilsine Partners LLC increased its position in Broadridge Financial Solutions by 18.0% during the fourth quarter. Nilsine Partners LLC now owns 1,247 shares of the business services provider’s stock worth $282,000 after purchasing an additional 190 shares during the last quarter. Foundations Investment Advisors LLC increased its holdings in shares of Broadridge Financial Solutions by 3.5% during the 4th quarter. Foundations Investment Advisors LLC now owns 1,528 shares of the business services provider’s stock worth $345,000 after buying an additional 52 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Broadridge Financial Solutions during the 4th quarter valued at approximately $2,328,000. Blue Trust Inc. grew its position in Broadridge Financial Solutions by 25.2% in the fourth quarter. Blue Trust Inc. now owns 2,188 shares of the business services provider’s stock worth $471,000 after acquiring an additional 441 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in Broadridge Financial Solutions by 6.1% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,980 shares of the business services provider’s stock worth $448,000 after acquiring an additional 113 shares during the period. 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.