Shares of Broadridge Financial Solutions, Inc. (NYSE:BR) have received an average recommendation of “Hold” from the eight brokerages that are covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $118.33.

Several research firms have recently issued reports on BR. Rosenblatt Securities began coverage on Broadridge Financial Solutions in a research note on Wednesday. They issued a “neutral” rating and a $110.00 price objective for the company. Zacks Investment Research reaffirmed a “buy” rating and issued a $128.00 price objective on shares of Broadridge Financial Solutions in a research note on Monday, November 12th. Finally, SunTrust Banks began coverage on Broadridge Financial Solutions in a research note on Wednesday, August 29th. They issued a “buy” rating and a $150.00 price objective for the company.

Shares of NYSE:BR traded down $2.08 during trading on Friday, hitting $98.64. The company had a trading volume of 914,079 shares, compared to its average volume of 981,360. The firm has a market capitalization of $12.04 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 2.21 and a beta of 0.91. Broadridge Financial Solutions has a one year low of $87.51 and a one year high of $138.24. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.69 and a quick ratio of 1.69.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Tuesday, November 6th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.11. The business had revenue of $973.00 million during the quarter, compared to analyst estimates of $970.19 million. Broadridge Financial Solutions had a return on equity of 46.83% and a net margin of 10.39%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the company earned $0.54 EPS. As a group, analysts expect 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. Investors of record on Friday, December 14th will be paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Thursday, December 13th. Broadridge Financial Solutions’s dividend payout ratio is currently 46.30%.

In related news, Director Stuart R. Levine sold 8,902 shares of the firm’s stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $98.75, for a total transaction of $879,072.50. Following the completion of the sale, the director now directly owns 36,530 shares of the company’s stock, valued at approximately $3,607,337.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard J. Daly sold 210,188 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 387,336 shares of the company’s stock, valued at $51,182,579.04. The disclosure for this sale can be found here. Insiders have sold a total of 334,256 shares of company stock valued at $43,588,422 over the last three months. 2.30% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of BR. Morgan Stanley lifted its stake in shares of Broadridge Financial Solutions by 112.5% during the 2nd quarter. Morgan Stanley now owns 2,583,950 shares of the business services provider’s stock worth $297,411,000 after acquiring an additional 1,367,735 shares during the last quarter. AQR Capital Management LLC raised its position in Broadridge Financial Solutions by 71.4% during the 3rd quarter. AQR Capital Management LLC now owns 1,995,511 shares of the business services provider’s stock valued at $263,308,000 after purchasing an additional 831,086 shares in the last quarter. Millennium Management LLC raised its position in Broadridge Financial Solutions by 553.2% during the 2nd quarter. Millennium Management LLC now owns 601,086 shares of the business services provider’s stock valued at $69,185,000 after purchasing an additional 509,066 shares in the last quarter. Wells Fargo & Company MN raised its position in Broadridge Financial Solutions by 32.0% during the 3rd quarter. Wells Fargo & Company MN now owns 1,950,097 shares of the business services provider’s stock valued at $257,315,000 after purchasing an additional 472,524 shares in the last quarter. Finally, Marshall Wace North America L.P. bought a new stake in Broadridge Financial Solutions during the 3rd quarter valued at $50,783,000. 84.75% of the stock is owned by hedge funds and other institutional investors.

About Broadridge Financial Solutions

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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