Broadridge Financial Solutions (NYSE:BR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Broadridge Financial Solutions (NYSE:BR) from a hold rating to a buy rating in a research note published on Saturday.

BR has been the subject of a number of other research reports. DA Davidson restated a “neutral” rating and set a $240.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, October 28th. UBS Group raised their target price on Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a “neutral” rating in a research note on Friday, August 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Broadridge Financial Solutions in a report on Wednesday, November 5th. Needham & Company LLC increased their price objective on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Finally, Morgan Stanley cut their price objective on shares of Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Broadridge Financial Solutions has an average rating of “Hold” and an average target price of $264.83.

Broadridge Financial Solutions Trading Up 0.7%

Broadridge Financial Solutions stock opened at $223.26 on Friday. Broadridge Financial Solutions has a 1 year low of $212.33 and a 1 year high of $271.91. The firm’s 50-day moving average is $235.94 and its 200-day moving average is $241.71. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $26.06 billion, a P/E ratio of 28.59 and a beta of 0.96.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Thursday, March 3rd. The business services provider reported $0.73 earnings per share for the quarter. Broadridge Financial Solutions had a net margin of 13.11% and a return on equity of 43.28%. The business had revenue of $1.05 billion during the quarter. On average, equities analysts expect that Broadridge Financial Solutions will post 8.53 earnings per share for the current year.

Insider Buying and Selling

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey sold 84,571 shares of the business’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $259.53, for a total transaction of $21,948,711.63. Following the sale, the chief executive officer directly owned 165,634 shares in the company, valued at approximately $42,986,992.02. The trade was a 33.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders have sold 140,496 shares of company stock worth $36,568,710. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Broadridge Financial Solutions

Several large investors have recently made changes to their positions in BR. First Heartland Consultants Inc. raised its holdings in shares of Broadridge Financial Solutions by 7.4% in the 3rd quarter. First Heartland Consultants Inc. now owns 2,511 shares of the business services provider’s stock worth $598,000 after purchasing an additional 172 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new stake in Broadridge Financial Solutions during the third quarter worth approximately $313,000. Mufg Securities Americas Inc. grew its position in Broadridge Financial Solutions by 21.4% in the third quarter. Mufg Securities Americas Inc. now owns 3,159 shares of the business services provider’s stock worth $752,000 after buying an additional 556 shares during the last quarter. Compound Planning Inc. increased its holdings in shares of Broadridge Financial Solutions by 2.6% in the third quarter. Compound Planning Inc. now owns 5,997 shares of the business services provider’s stock valued at $1,428,000 after buying an additional 153 shares in the last quarter. Finally, Dakota Wealth Management lifted its position in shares of Broadridge Financial Solutions by 29.2% during the 3rd quarter. Dakota Wealth Management now owns 6,085 shares of the business services provider’s stock valued at $1,450,000 after acquiring an additional 1,374 shares during the last quarter. Institutional investors own 90.03% of the company’s stock.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry. 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 distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions.