Broadridge Financial Solutions Inc. (NYSE:BR)’s share price reached a new 52-week high during trading on Tuesday . The company 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.

A number of equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a research note on Monday, July 4th. Barclays PLC downgraded shares of Broadridge Financial Solutions from an “overweight” rating to an “equal weight” rating and set a $67.00 price objective for the company. in a research note on Thursday, July 7th. Raymond James Financial Inc. downgraded 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, Avondale Partners downgraded shares of Broadridge Financial Solutions from an “outperform” rating to a “market perform” rating and set a $65.00 price objective for the company. in a research note on Wednesday, June 15th. 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 stock’s 50 day moving average price is $65.38 and its 200 day moving average price is $59.69. The stock has a market cap of $7.98 billion and a P/E ratio of 27.06.

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

The company also recently announced 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. This represents a $1.20 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date was Wednesday, June 15th.

A number of large investors recently bought and sold shares of BR. Morgan Stanley increased 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 period. Eagle Asset Management increased its stake 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 period. Mutual of America Capital Management LLC increased its stake 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 period. Hartline Investment Corp increased its stake 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 period. Finally, TrimTabs Asset Management LLC bought a new stake in Broadridge Financial Solutions during the fourth quarter valued at $2,057,000.

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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