Shares of Broadridge Financial Solutions, Inc. (NYSE:BR) have been assigned an average recommendation of “Buy” from the seven brokerages that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $126.00.

Several equities research analysts have recently weighed in on BR shares. SunTrust Banks increased their target price on shares of HubSpot to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Zacks Investment Research upgraded shares of Garrett Motion from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Raymond James set a $57.00 target price on shares of National Retail Properties and gave the stock a “hold” rating in a research note on Monday, May 20th. DA Davidson set a $14.00 target price on shares of MACOM Technology Solutions and gave the stock a “hold” rating in a research note on Wednesday, May 8th. Finally, ValuEngine upgraded shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Friday, May 17th.

NYSE BR traded down $1.75 during trading hours on Friday, hitting $133.12. The company had a trading volume of 546,120 shares, compared to its average volume of 602,584. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.93. Broadridge Financial Solutions has a 1-year low of $91.34 and a 1-year high of $138.24. The stock has a market cap of $15.66 billion, a P/E ratio of 31.77, a PEG ratio of 2.65 and a beta of 0.73. The firm has a 50 day moving average of $130.13.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Tuesday, May 7th. The business services provider reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.10. Broadridge Financial Solutions had a net margin of 11.31% and a return on equity of 48.71%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the firm earned $1.00 earnings per share. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. On average, sell-side analysts predict that Broadridge Financial Solutions will post 4.65 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Friday, June 14th were given a $0.485 dividend. The ex-dividend date was Thursday, June 13th. This represents a $1.94 dividend on an annualized basis and a yield of 1.46%. Broadridge Financial Solutions’s payout ratio is currently 46.30%.

In related news, insider Robert F. Kalenka sold 8,000 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $132.58, for a total value of $1,060,640.00. Following the completion of the sale, the insider now owns 28,986 shares in the company, valued at $3,842,963.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Laura Matlin sold 3,875 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $118.99, for a total transaction of $461,086.25. Following the completion of the transaction, the vice president now directly owns 5,988 shares of the company’s stock, valued at $712,512.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 190,149 shares of company stock valued at $23,659,712. 2.30% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the business. United Services Automobile Association increased its position in Broadridge Financial Solutions by 2.2% during the fourth quarter. United Services Automobile Association now owns 113,058 shares of the business services provider’s stock valued at $10,882,000 after acquiring an additional 2,384 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Broadridge Financial Solutions by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 648,360 shares of the business services provider’s stock worth $62,403,000 after buying an additional 19,230 shares in the last quarter. Natixis Advisors L.P. increased its position in Broadridge Financial Solutions by 4.7% in the fourth quarter. Natixis Advisors L.P. now owns 30,903 shares of the business services provider’s stock worth $2,974,000 after buying an additional 1,385 shares in the last quarter. California State Teachers Retirement System increased its position in Broadridge Financial Solutions by 4.2% in the fourth quarter. California State Teachers Retirement System now owns 191,734 shares of the business services provider’s stock worth $18,454,000 after buying an additional 7,651 shares in the last quarter. Finally, Avalon Advisors LLC increased its position in Broadridge Financial Solutions by 4.7% in the fourth quarter. Avalon Advisors LLC now owns 33,284 shares of the business services provider’s stock worth $3,204,000 after buying an additional 1,493 shares in the last quarter. 83.96% of the stock is owned by institutional investors.

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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