Broadridge Financial Solutions, Inc. (NYSE:BR) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Other equities analysts have also recently issued reports about the stock. Barclays PLC boosted their price target on shares of Broadridge Financial Solutions from $72.00 to $74.00 and gave the company an “equal weight” rating in a report on Friday. DA Davidson began coverage on shares of Broadridge Financial Solutions in a report on Monday, August 7th. They set a “neutral” rating and a $74.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Broadridge Financial Solutions currently has a consensus rating of “Hold” and a consensus price target of $76.00.

Broadridge Financial Solutions (NYSE:BR) opened at 74.27 on Friday. The stock has a market capitalization of $8.73 billion, a price-to-earnings ratio of 29.09 and a beta of 0.99. The company has a 50 day moving average price of $75.36 and a 200 day moving average price of $71.49. Broadridge Financial Solutions has a 12 month low of $59.86 and a 12 month high of $78.00.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Thursday, August 10th. The business services provider reported $1.71 EPS for the quarter, meeting the consensus estimate of $1.71. Broadridge Financial Solutions had a net margin of 7.89% and a return on equity of 37.99%. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the company posted $1.45 EPS. Broadridge Financial Solutions’s revenue was up 38.1% on a year-over-year basis. Equities research analysts predict that Broadridge Financial Solutions will post $3.66 earnings per share for the current year.

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In other Broadridge Financial Solutions news, insider Robert Schifellite sold 76,666 shares of the business’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $75.98, for a total transaction of $5,825,082.68. Following the completion of the transaction, the insider now owns 105,042 shares of the company’s stock, valued at approximately $7,981,091.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Charles J. Marchesani sold 20,473 shares of the business’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $73.61, for a total transaction of $1,507,017.53. Following the transaction, the insider now directly owns 32,328 shares of the company’s stock, valued at approximately $2,379,664.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 323,032 shares of company stock valued at $24,016,648. 3.50% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. raised its position in Broadridge Financial Solutions by 12.4% in the fourth quarter. Macquarie Group Ltd. now owns 65,476 shares of the business services provider’s stock worth $4,342,000 after buying an additional 7,200 shares in the last quarter. OppenheimerFunds Inc. raised its position in Broadridge Financial Solutions by 20.4% in the first quarter. OppenheimerFunds Inc. now owns 12,353 shares of the business services provider’s stock worth $839,000 after buying an additional 2,092 shares in the last quarter. Confluence Investment Management LLC raised its position in Broadridge Financial Solutions by 2.6% in the second quarter. Confluence Investment Management LLC now owns 994,106 shares of the business services provider’s stock worth $75,115,000 after buying an additional 25,421 shares in the last quarter. Morgan Stanley raised its position in Broadridge Financial Solutions by 47.0% in the first quarter. Morgan Stanley now owns 454,416 shares of the business services provider’s stock worth $30,878,000 after buying an additional 145,274 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Broadridge Financial Solutions by 8.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 358,543 shares of the business services provider’s stock worth $24,363,000 after buying an additional 28,636 shares in the last quarter. 85.19% of the stock is owned by hedge funds and other institutional investors.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company’s segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment.

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