Broadridge Financial Solutions Inc. (NYSE:BR)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $68.11 and last traded at $67.56, with a volume of 109,666 shares. The stock had previously closed at $67.03.

A number of equities analysts have commented on BR shares. Zacks Investment Research raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a research note on Monday, July 4th. Barclays PLC lowered Broadridge Financial Solutions from an “overweight” rating to an “equal weight” rating and set a $67.00 price objective on the stock. in a research note on Thursday, July 7th. Avondale Partners lowered Broadridge Financial Solutions from an “outperform” rating to a “market perform” rating and set a $65.00 price objective on the stock. in a research note on Wednesday, June 15th. Finally, Raymond James Financial Inc. lowered 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. Five research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average target price of $66.00.

The firm has a 50 day moving average price of $64.75 and a 200-day moving average price of $59.04. The stock has a market capitalization of $7.99 billion and a P/E ratio of 27.08.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Thursday, May 5th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.07. The company had revenue of $689 million for the quarter, compared to analyst estimates of $688.12 million. During the same quarter last year, the firm posted $0.47 EPS. Broadridge Financial Solutions’s revenue for the quarter was up 8.6% on a year-over-year basis. Analysts forecast that Broadridge Financial Solutions Inc. will post $2.73 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Friday, June 17th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, June 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.78%.

Other institutional investors have made changes to their positions in the company. Morgan Stanley increased its position in shares of Broadridge Financial Solutions by 311.3% in the fourth quarter. Morgan Stanley now owns 581,364 shares of the company’s stock worth $31,236,000 after buying an additional 440,021 shares during the last quarter. Eagle Asset Management increased its position in shares of Broadridge Financial Solutions by 83.5% in the third quarter. Eagle Asset Management now owns 790,950 shares of the company’s stock worth $43,778,000 after buying an additional 360,031 shares during the last quarter. WBI Investments Inc. acquired a new position in shares of Broadridge Financial Solutions during the fourth quarter worth $11,289,000. Principal Financial Group Inc. increased its position in shares of Broadridge Financial Solutions by 9.3% in the fourth quarter. Principal Financial Group Inc. now owns 633,124 shares of the company’s stock worth $34,018,000 after buying an additional 53,851 shares during the last quarter. Finally, Mandatum Life Insurance Co Ltd acquired a new position in shares of Broadridge Financial Solutions during the fourth quarter worth $2,551,000.

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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