ValuEngine upgraded shares of Broadridge Financial Solutions, Inc. (NYSE:BR) from a hold rating to a buy rating in a report issued on Tuesday.

Other research analysts have also issued research reports about the stock. DA Davidson restated a hold rating and set a $86.00 price target on shares of Broadridge Financial Solutions in a research note on Thursday, November 9th. BidaskClub lowered shares of Broadridge Financial Solutions from a hold rating to a sell rating in a research note on Saturday, August 12th. Finally, Barclays PLC raised their target price on shares of Broadridge Financial Solutions from $72.00 to $74.00 and gave the company an equal weight rating in a research note on Friday, August 11th.

Shares of Broadridge Financial Solutions (NYSE:BR) traded down $0.06 during trading hours on Tuesday, hitting $88.66. 786,400 shares of the company traded hands, compared to its average volume of 457,131. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.25. The stock has a market cap of $10,341.70, a P/E ratio of 26.65, a PEG ratio of 2.39 and a beta of 0.99. Broadridge Financial Solutions has a fifty-two week low of $62.59 and a fifty-two week high of $91.75.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.12. The firm had revenue of $925.00 million for the quarter, compared to analyst estimates of $923.68 million. Broadridge Financial Solutions had a net margin of 8.22% and a return on equity of 40.17%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 EPS. sell-side analysts predict that Broadridge Financial Solutions will post 3.72 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This report was published by Daily Political and is the property of of Daily Political. If you are accessing this report on another domain, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The original version of this report can be read at https://www.dailypolitical.com/2017/11/17/broadridge-financial-solutions-inc-br-upgraded-at-valuengine.html.

In related news, insider Richard J. Daly sold 94,039 shares of the stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $81.95, for a total transaction of $7,706,496.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam D. Amsterdam sold 17,813 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $76.96, for a total transaction of $1,370,888.48. Following the sale, the insider now owns 20,646 shares of the company’s stock, valued at approximately $1,588,916.16. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Broadridge Financial Solutions by 0.7% during the 2nd quarter. BlackRock Inc. now owns 12,134,364 shares of the business services provider’s stock worth $916,871,000 after purchasing an additional 79,827 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Broadridge Financial Solutions by 1,647.4% during the 2nd quarter. Janus Henderson Group PLC now owns 7,181,963 shares of the business services provider’s stock worth $542,669,000 after purchasing an additional 6,770,958 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Broadridge Financial Solutions by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,438,336 shares of the business services provider’s stock worth $184,239,000 after purchasing an additional 10,182 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Broadridge Financial Solutions by 3.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,461,535 shares of the business services provider’s stock worth $118,123,000 after purchasing an additional 53,439 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Broadridge Financial Solutions by 0.7% during the 2nd quarter. Northern Trust Corp now owns 1,437,887 shares of the business services provider’s stock worth $108,647,000 after purchasing an additional 10,569 shares in the last quarter. Institutional investors and hedge funds own 83.07% of the company’s stock.

Broadridge Financial Solutions Company Profile

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’s segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Broadridge Financial Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadridge Financial Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.