Broadridge Financial Solutions Inc. (NYSE:BR) shares reached a new 52-week high on Tuesday . The stock traded as high as $68.41 and last traded at $68.04, with a volume of 263,404 shares. The stock had previously closed at $67.61.

BR has been the topic of several research reports. Zacks Investment Research upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a report on Monday, July 4th. Barclays PLC lowered 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, July 7th. Avondale Partners lowered 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. Finally, Raymond James Financial Inc. lowered 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. Five research analysts have rated the stock with a hold rating, Broadridge Financial Solutions has a consensus rating of “Hold” and an average target price of $66.00.

The stock has a 50 day moving average of $65.14 and a 200-day moving average of $59.49. The stock has a market capitalization of $8.08 billion and a PE ratio of 27.39.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Thursday, May 5th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.07. The company had revenue of $689 million for the quarter, compared to the consensus estimate of $688.12 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 earnings per share. Equities research analysts expect that Broadridge Financial Solutions Inc. will post $2.73 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Investors 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 dividend yield of 1.77%.

Other hedge funds and institutional investors recently made changes to their positions in the company. Bailard Inc. bought a new position in shares of Broadridge Financial Solutions during the fourth quarter worth about $1,230,000. Trexquant Investment LP increased its position in shares of Broadridge Financial Solutions by 216.8% in the fourth quarter. Trexquant Investment LP now owns 32,000 shares of the company’s stock worth $1,719,000 after buying an additional 21,900 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Broadridge Financial Solutions by 0.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 34,381 shares of the company’s stock worth $1,847,000 after buying an additional 237 shares during the period. TrimTabs Asset Management LLC bought a new position in shares of Broadridge Financial Solutions during the fourth quarter worth about $2,057,000. Finally, Suntrust Banks Inc. increased its position in shares of Broadridge Financial Solutions by 267.4% in the fourth quarter. Suntrust Banks Inc. now owns 42,177 shares of the company’s stock worth $2,265,000 after buying an additional 30,698 shares during the period.

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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