Several analysts have recently updated their ratings and price targets for Broadridge Financial Solutions (NYSE: BR):

  • 9/20/2016 – Broadridge Financial Solutions was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Broadridge is a leading global provider of technology-based outsourcing solutions to the financial services industry. Their integrated systems and services include investor communication, securities processing, and clearing and outsourcing solutions. Broadridge offers a broad, integrated suite of innovative global solutions across the investment lifecycle and provides a wide range of cost-effective and scalable solutions to the financial industry. Their systems help reduce the need for clients to make significant capital investments in operations infrastructure, thereby allowing them to increase their focus on core business activities. “
  • 9/14/2016 – Broadridge Financial Solutions was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Broadridge is a leading global provider of technology-based outsourcing solutions to the financial services industry. Their integrated systems and services include investor communication, securities processing, and clearing and outsourcing solutions. Broadridge offers a broad, integrated suite of innovative global solutions across the investment lifecycle and provides a wide range of cost-effective and scalable solutions to the financial industry. Their systems help reduce the need for clients to make significant capital investments in operations infrastructure, thereby allowing them to increase their focus on core business activities. “
  • 9/13/2016 – Broadridge Financial Solutions is now covered by analysts at Atlantic Securities. They set an “overweight” rating and a $82.00 price target on the stock.
  • 9/6/2016 – Broadridge Financial Solutions was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Broadridge is a leading global provider of technology-based outsourcing solutions to the financial services industry. Their integrated systems and services include investor communication, securities processing, and clearing and outsourcing solutions. Broadridge offers a broad, integrated suite of innovative global solutions across the investment lifecycle and provides a wide range of cost-effective and scalable solutions to the financial industry. Their systems help reduce the need for clients to make significant capital investments in operations infrastructure, thereby allowing them to increase their focus on core business activities. “
  • 8/10/2016 – Broadridge Financial Solutions had its price target raised by analysts at Barclays PLC from $67.00 to $69.00. They now have an “equal weight” rating on the stock.

Broadridge Financial Solutions Inc. (NYSE:BR) traded up 0.46% on Thursday, reaching $69.84. 453,479 shares of the company were exchanged. The stock has a market capitalization of $8.26 billion, a P/E ratio of 27.60 and a beta of 0.99. The company’s 50-day moving average price is $68.86 and its 200-day moving average price is $63.91. Broadridge Financial Solutions Inc. has a 12-month low of $48.56 and a 12-month high of $71.74.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $1.45 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.45. The firm had revenue of $975 million for the quarter, compared to the consensus estimate of $991.13 million. Broadridge Financial Solutions had a net margin of 10.61% and a return on equity of 34.79%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.40 EPS. Equities research analysts anticipate that Broadridge Financial Solutions Inc. will post $3.14 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Investors of record on Thursday, September 15th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Tuesday, September 13th. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.30. Broadridge Financial Solutions’s payout ratio is presently 52.17%.

In related news, insider Timothy C. Gokey sold 16,903 shares of the business’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $67.74, for a total transaction of $1,145,009.22. Following the transaction, the insider now owns 85,610 shares in the company, valued at approximately $5,799,221.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Schifellite sold 9,000 shares of the business’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $69.30, for a total transaction of $623,700.00. Following the transaction, the insider now owns 82,937 shares in the company, valued at approximately $5,747,534.10. The disclosure for this sale can be found here. Corporate insiders own 3.50% of the company’s stock.

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.

5 Day Chart for NYSE:BR

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