StockNews.com Upgrades Broadridge Financial Solutions (NYSE:BR) to Buy

Broadridge Financial Solutions (NYSE:BRGet Free Report) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Wednesday.

Several other research analysts also recently commented on the company. Morgan Stanley lifted their target price on Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. UBS Group raised their target price on shares of Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Royal Bank of Canada upped their price target on shares of Broadridge Financial Solutions from $246.00 to $259.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Finally, DA Davidson reissued a “neutral” rating and issued a $215.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Broadridge Financial Solutions presently has an average rating of “Hold” and a consensus price target of $239.17.

Check Out Our Latest Stock Analysis on Broadridge Financial Solutions

Broadridge Financial Solutions Price Performance

Shares of BR opened at $236.14 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.64. The company’s fifty day simple moving average is $232.75 and its 200 day simple moving average is $223.18. Broadridge Financial Solutions has a 1-year low of $188.30 and a 1-year high of $244.47. The company has a market cap of $27.63 billion, a price-to-earnings ratio of 36.95 and a beta of 1.08.

Broadridge Financial Solutions (NYSE:BRGet Free Report) last released its quarterly earnings data on Friday, January 31st. The business services provider reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.24. Broadridge Financial Solutions had a net margin of 11.36% and a return on equity of 44.40%. During the same quarter last year, the firm posted $0.92 EPS. On average, research analysts forecast that Broadridge Financial Solutions will post 8.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP Thomas P. Carey sold 15,710 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $230.32, for a total transaction of $3,618,327.20. Following the sale, the vice president now directly owns 12,146 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. Also, VP Laura Matlin sold 514 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $241.60, for a total value of $124,182.40. Following the completion of the transaction, the vice president now directly owns 6,602 shares of the company’s stock, valued at approximately $1,595,043.20. This trade represents a 7.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,666 shares of company stock worth $5,050,766 in the last quarter. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of Broadridge Financial Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in BR. Toronto Dominion Bank raised its position in Broadridge Financial Solutions by 3.6% during the fourth quarter. Toronto Dominion Bank now owns 62,571 shares of the business services provider’s stock valued at $14,147,000 after purchasing an additional 2,190 shares in the last quarter. Vise Technologies Inc. bought a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at $463,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Broadridge Financial Solutions by 15.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,043,126 shares of the business services provider’s stock worth $235,840,000 after buying an additional 138,207 shares in the last quarter. Woodline Partners LP bought a new stake in shares of Broadridge Financial Solutions during the 4th quarter worth $2,092,000. Finally, Vident Advisory LLC lifted its position in shares of Broadridge Financial Solutions by 9.9% during the 4th quarter. Vident Advisory LLC now owns 3,199 shares of the business services provider’s stock worth $723,000 after buying an additional 287 shares during the last quarter. Institutional investors own 90.03% of the company’s stock.

About Broadridge Financial Solutions

(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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Analyst Recommendations for Broadridge Financial Solutions (NYSE:BR)

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