Rosenblatt Securities assumed coverage on shares of Broadridge Financial Solutions (NYSE:BR) in a report released on Wednesday, The Fly reports. The brokerage issued a neutral rating and a $110.00 price target on the business services provider’s stock.

Several other equities research analysts also recently weighed in on BR. SunTrust Banks began coverage on Broadridge Financial Solutions in a report on Wednesday, August 29th. They issued a buy rating and a $150.00 price target for the company. Sandler O’Neill reissued a hold rating and issued a $130.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, August 7th. Finally, Zacks Investment Research reissued a buy rating and issued a $128.00 price target on shares of Broadridge Financial Solutions in a report on Monday, November 12th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Broadridge Financial Solutions presently has a consensus rating of Hold and a consensus price target of $118.33.

Shares of BR stock opened at $98.64 on Wednesday. Broadridge Financial Solutions has a 1-year low of $87.51 and a 1-year high of $138.24. The stock has a market cap of $11.76 billion, a P/E ratio of 23.54, a P/E/G ratio of 2.15 and a beta of 0.91. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.69 and a current ratio of 1.69.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data on Tuesday, November 6th. The business services provider reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. Broadridge Financial Solutions had a return on equity of 46.83% and a net margin of 10.39%. The company had revenue of $973.00 million for the quarter, compared to the consensus estimate of $970.19 million. During the same quarter last year, the company earned $0.54 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities analysts anticipate that Broadridge Financial Solutions will post 4.68 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Friday, December 14th will be issued a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Thursday, December 13th. Broadridge Financial Solutions’s dividend payout ratio is presently 46.30%.

In other Broadridge Financial Solutions news, CEO Richard J. Daly sold 67,974 shares of the firm’s stock in a transaction dated Friday, October 5th. The stock was sold at an average price of $126.61, for a total value of $8,606,188.14. Following the completion of the sale, the chief executive officer now owns 233,673 shares of the company’s stock, valued at $29,585,338.53. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Richard J. Daly sold 210,188 shares of the firm’s stock in a transaction dated Thursday, September 27th. The stock was sold at an average price of $132.14, for a total value of $27,774,242.32. Following the completion of the sale, the chief executive officer now directly owns 387,336 shares of the company’s stock, valued at approximately $51,182,579.04. The disclosure for this sale can be found here. In the last three months, insiders sold 334,256 shares of company stock valued at $43,588,422. Corporate insiders own 2.30% of the company’s stock.

Large investors have recently made changes to their positions in the company. Truvestments Capital LLC purchased a new position in shares of Broadridge Financial Solutions in the third quarter worth about $106,000. Fort L.P. purchased a new position in shares of Broadridge Financial Solutions in the second quarter worth about $120,000. Signaturefd LLC raised its position in Broadridge Financial Solutions by 101.6% during the second quarter. Signaturefd LLC now owns 1,115 shares of the business services provider’s stock valued at $128,000 after acquiring an additional 562 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Broadridge Financial Solutions during the third quarter valued at approximately $129,000. Finally, Piedmont Investment Advisors LLC purchased a new position in Broadridge Financial Solutions during the second quarter valued at approximately $154,000. Hedge funds and other institutional investors own 84.75% of the company’s stock.

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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