Broadridge Financial Solutions Inc. (NYSE:BR) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $68.55 and last traded at $68.37, with a volume of 202,996 shares. The stock had previously closed at $67.68.

Several equities research analysts have issued reports on the company. Zacks Investment Research upgraded 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 downgraded Broadridge Financial Solutions from an “overweight” rating to an “equal weight” rating and set a $67.00 price objective on the stock. in a report on Thursday, July 7th. Raymond James Financial Inc. downgraded Broadridge Financial Solutions from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 7th. They noted that the move was a valuation call. Finally, Avondale Partners lowered 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 report on Wednesday, June 15th. Five research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus price target of $66.00.

The company has a 50-day moving average of $65.89 and a 200 day moving average of $60.26. The stock has a market capitalization of $8.05 billion and a P/E ratio of 27.28.

Several institutional investors recently modified their holdings of 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 boosted 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 last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted 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 last quarter. 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. boosted 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 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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