Shares of Broadridge Financial Solutions Inc. (NYSE:BR) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $66.56 and last traded at $66.44, with a volume of 237,620 shares. The stock had previously closed at $65.69.

A number of analysts have recently issued reports on BR shares. Zacks Investment Research cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, April 6th. Avondale Partners cut shares of Broadridge Financial Solutions from an “outperform” rating to a “market perform” rating and set a $65.00 target price for the company. in a research note on Wednesday, June 15th. Raymond James Financial Inc. cut shares of Broadridge Financial Solutions from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 7th. They noted that the move was a valuation call. Finally, Barclays PLC cut shares of Broadridge Financial Solutions from an “overweight” rating to an “equal weight” rating and set a $67.00 target price for the company. in a research note on Thursday. Five research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average price target of $66.00.

The firm has a market capitalization of $7.86 billion and a price-to-earnings ratio of 26.65. The firm has a 50 day moving average of $64.13 and a 200 day moving average of $58.31.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Thursday, May 5th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.07. During the same quarter in the previous year, the company earned $0.47 EPS. The firm earned $689 million during the quarter, compared to the consensus estimate of $688.12 million. The business’s revenue was up 8.6% compared to the same quarter last year. On average, equities analysts expect that Broadridge Financial Solutions Inc. will post $2.73 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Friday, June 17th were paid a $0.30 dividend. The ex-dividend date was Wednesday, June 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.83%.

Several hedge funds have recently bought and sold shares of BR. Morgan Stanley raised its stake in Broadridge Financial Solutions by 311.3% in the fourth quarter. Morgan Stanley now owns 581,364 shares of the company’s stock valued at $31,236,000 after buying an additional 440,021 shares during the last quarter. Eagle Asset Management raised its position in Broadridge Financial Solutions by 83.5% in the third quarter. Eagle Asset Management now owns 790,950 shares of the company’s stock valued at $43,778,000 after buying an additional 360,031 shares during the last quarter. Mutual of America Capital Management LLC raised its position in Broadridge Financial Solutions by 1.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 80,434 shares of the company’s stock valued at $4,322,000 after buying an additional 1,533 shares during the last quarter. Clarkston Capital Partners LLC raised its position in Broadridge Financial Solutions by 41.1% in the fourth quarter. Clarkston Capital Partners LLC now owns 1,097,506 shares of the company’s stock valued at $58,969,000 after buying an additional 319,579 shares during the last quarter. Finally, Hartline Investment Corp raised its position in Broadridge Financial Solutions by 3.3% in the fourth quarter. Hartline Investment Corp now owns 97,153 shares of the company’s stock valued at $5,220,000 after buying an additional 3,080 shares during the last quarter.

Broadridge Financial Solutions, Inc (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company delivers a range of solutions that help its clients serve their retail and institutional customers across the entire investment lifecycle, including pre-trade, trade and post-trade processing.

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