Broadridge Financial Solutions, Inc. (NYSE:BR) has received an average recommendation of “Hold” from the eight analysts that are covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $118.00.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Broadridge Financial Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 9th. Sandler O’Neill reiterated a “hold” rating and set a $130.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, August 7th. Wolfe Research assumed coverage on shares of Broadridge Financial Solutions in a research report on Tuesday, July 17th. They set a “market perform” rating for the company. Finally, SunTrust Banks initiated coverage on shares of Broadridge Financial Solutions in a research report on Wednesday, August 29th. They set a “buy” rating and a $150.00 price target for the company.

Shares of BR stock traded down $0.31 during midday trading on Monday, reaching $107.21. 1,252,013 shares of the company traded hands, compared to its average volume of 1,081,887. Broadridge Financial Solutions has a 1-year low of $86.80 and a 1-year high of $138.24. The company has a current ratio of 1.69, a quick ratio of 1.28 and a debt-to-equity ratio of 0.93. The company has a market cap of $12.69 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 2.32 and a beta of 0.95.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Tuesday, November 6th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.11. Broadridge Financial Solutions had a net margin of 10.39% and a return on equity of 46.83%. The company had revenue of $973.00 million during the quarter, compared to the consensus estimate of $970.19 million. During the same period last year, the firm earned $0.54 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. Sell-side analysts forecast that Broadridge Financial Solutions will post 4.68 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 3rd. Stockholders of record on Friday, December 14th will be paid a dividend of $0.485 per share. The ex-dividend date is Thursday, December 13th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.81%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 46.30%.

In other news, CEO Richard J. Daly sold 210,188 shares of the firm’s stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $132.14, for a total transaction of $27,774,242.32. Following the completion of the transaction, the chief executive officer now directly owns 387,336 shares of the company’s stock, valued at approximately $51,182,579.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Richard J. Daly sold 67,974 shares of the firm’s stock in a transaction that occurred on Friday, October 5th. The stock was sold at an average price of $126.61, for a total transaction of $8,606,188.14. Following the transaction, the chief executive officer now directly owns 233,673 shares of the company’s stock, valued at $29,585,338.53. The disclosure for this sale can be found here. Over the last three months, insiders have sold 325,354 shares of company stock valued at $42,709,350. Corporate insiders own 2.30% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in Broadridge Financial Solutions by 2.1% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 19,561 shares of the business services provider’s stock worth $2,251,000 after acquiring an additional 405 shares during the period. Advisor Partners LLC boosted its holdings in shares of Broadridge Financial Solutions by 10.4% in the 2nd quarter. Advisor Partners LLC now owns 4,616 shares of the business services provider’s stock valued at $531,000 after purchasing an additional 433 shares during the last quarter. Dakota Wealth Management boosted its holdings in shares of Broadridge Financial Solutions by 23.5% in the 3rd quarter. Dakota Wealth Management now owns 2,473 shares of the business services provider’s stock valued at $326,000 after purchasing an additional 470 shares during the last quarter. Mcrae Capital Management Inc. boosted its holdings in shares of Broadridge Financial Solutions by 1.2% in the 2nd quarter. Mcrae Capital Management Inc. now owns 41,605 shares of the business services provider’s stock valued at $4,789,000 after purchasing an additional 490 shares during the last quarter. Finally, Oakbrook Investments LLC boosted its holdings in shares of Broadridge Financial Solutions by 11.3% in the 2nd quarter. Oakbrook Investments LLC now owns 4,898 shares of the business services provider’s stock valued at $564,000 after purchasing an additional 498 shares during the last quarter. 84.55% of the stock is owned by institutional investors and hedge funds.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry worldwide. The company's Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services; and offers ProxyEdge, an electronic proxy delivery and voting solution.

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Analyst Recommendations for Broadridge Financial Solutions (NYSE:BR)

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