Broadridge Financial Solutions (NYSE:BR) Downgraded to Hold Rating by StockNews.com

StockNews.com cut shares of Broadridge Financial Solutions (NYSE:BR) from a buy rating to a hold rating in a report published on Saturday morning.

BR has been the subject of a number of other reports. Morgan Stanley upped their target price on shares of Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. boosted their target price on Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $246.00 price target on shares of Broadridge Financial Solutions in a research note on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $217.83.

Broadridge Financial Solutions Stock Performance

Shares of Broadridge Financial Solutions stock opened at $226.82 on Friday. Broadridge Financial Solutions has a 12 month low of $176.29 and a 12 month high of $228.75. The company has a current ratio of 1.39, a quick ratio of 1.08 and a debt-to-equity ratio of 1.63. The company has a market capitalization of $26.51 billion, a PE ratio of 39.24 and a beta of 1.05. The stock’s fifty day simple moving average is $214.87 and its 200 day simple moving average is $207.51.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data on Tuesday, November 5th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.03. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. Broadridge Financial Solutions’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.09 EPS. On average, research analysts predict that Broadridge Financial Solutions will post 8.53 EPS for the current year.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, Director Maura A. Markus sold 3,880 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $227.02, for a total transaction of $880,837.60. Following the sale, the director now directly owns 27,788 shares of the company’s stock, valued at approximately $6,308,431.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Broadridge Financial Solutions news, Director Maura A. Markus sold 3,880 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $227.02, for a total value of $880,837.60. Following the sale, the director now owns 27,788 shares in the company, valued at $6,308,431.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas P. Carey sold 10,757 shares of Broadridge Financial Solutions stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $226.82, for a total value of $2,439,902.74. Following the transaction, the vice president now owns 12,689 shares of the company’s stock, valued at $2,878,118.98. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 140,996 shares of company stock worth $30,073,732 over the last ninety days. 1.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Broadridge Financial Solutions

A number of hedge funds have recently modified their holdings of the stock. Bogart Wealth LLC boosted its stake in Broadridge Financial Solutions by 384.0% in the 3rd quarter. Bogart Wealth LLC now owns 121 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 96 shares during the period. EdgeRock Capital LLC bought a new position in Broadridge Financial Solutions during the 2nd quarter worth $32,000. Rothschild Investment LLC acquired a new stake in shares of Broadridge Financial Solutions during the second quarter worth $32,000. New Covenant Trust Company N.A. bought a new stake in shares of Broadridge Financial Solutions in the first quarter valued at about $34,000. Finally, Family Firm Inc. acquired a new position in shares of Broadridge Financial Solutions in the second quarter valued at about $37,000. Institutional investors and hedge funds own 90.03% 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. 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.