Broadridge Financial Solutions, Inc. (NYSE:BR) Short Interest Update

Broadridge Financial Solutions, Inc. (NYSE:BRGet Free Report) was the recipient of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 1,320,000 shares, a growth of 14.8% from the January 15th total of 1,150,000 shares. Based on an average daily trading volume, of 579,200 shares, the days-to-cover ratio is presently 2.3 days.

Analyst Upgrades and Downgrades

A number of research firms have commented on BR. StockNews.com upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, January 23rd. Morgan Stanley raised their price target on Broadridge Financial Solutions from $175.00 to $180.00 and gave the company an “equal weight” rating in a report on Friday, December 8th. Raymond James upped their price objective on Broadridge Financial Solutions from $205.00 to $214.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Royal Bank of Canada boosted their price target on Broadridge Financial Solutions from $212.00 to $239.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Finally, Evercore ISI increased their price objective on shares of Broadridge Financial Solutions from $226.00 to $230.00 and gave the company an “outperform” rating in a report on Tuesday, December 5th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Broadridge Financial Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $203.17.

View Our Latest Analysis on BR

Insider Activity

In other news, insider Douglas Richard Deschutter sold 22,722 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $199.00, for a total value of $4,521,678.00. Following the transaction, the insider now owns 44,680 shares in the company, valued at approximately $8,891,320. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Douglas Richard Deschutter sold 22,722 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $199.00, for a total value of $4,521,678.00. Following the transaction, the insider now directly owns 44,680 shares of the company’s stock, valued at approximately $8,891,320. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Christopher John Perry sold 2,722 shares of the firm’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $200.01, for a total value of $544,427.22. Following the completion of the transaction, the president now directly owns 58,831 shares in the company, valued at $11,766,788.31. The disclosure for this sale can be found here. Insiders have sold 41,246 shares of company stock valued at $8,211,616 in the last ninety days. 1.60% of the stock is currently owned by company insiders.

Institutional Trading of Broadridge Financial Solutions

A number of large investors have recently made changes to their positions in the business. OFI Invest Asset Management bought a new position in Broadridge Financial Solutions during the third quarter valued at $25,000. Money Concepts Capital Corp grew its holdings in shares of Broadridge Financial Solutions by 400.0% in the fourth quarter. Money Concepts Capital Corp now owns 195 shares of the business services provider’s stock worth $26,000 after purchasing an additional 156 shares during the last quarter. Resurgent Financial Advisors LLC bought a new position in Broadridge Financial Solutions in the 4th quarter worth about $27,000. Larson Financial Group LLC grew its stake in Broadridge Financial Solutions by 56.4% in the 2nd quarter. Larson Financial Group LLC now owns 183 shares of the business services provider’s stock worth $30,000 after acquiring an additional 66 shares in the last quarter. Finally, Headinvest LLC bought a new position in Broadridge Financial Solutions in the third quarter worth approximately $32,000. 89.36% of the stock is currently owned by institutional investors.

Broadridge Financial Solutions Price Performance

Shares of BR stock traded up $1.83 during trading hours on Thursday, hitting $198.30. The stock had a trading volume of 721,482 shares, compared to its average volume of 611,218. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.40 and a quick ratio of 1.40. Broadridge Financial Solutions has a one year low of $133.97 and a one year high of $210.24. The stock’s 50-day moving average price is $200.29 and its two-hundred day moving average price is $187.68. The stock has a market capitalization of $23.35 billion, a price-to-earnings ratio of 34.55 and a beta of 1.01.

Broadridge Financial Solutions (NYSE:BRGet Free Report) last released its quarterly earnings data on Thursday, February 1st. The business services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Broadridge Financial Solutions had a return on equity of 41.12% and a net margin of 10.82%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the company posted $0.91 EPS. The company’s revenue was up 8.7% compared to the same quarter last year. Equities analysts forecast that Broadridge Financial Solutions will post 7.72 EPS for the current year.

About Broadridge Financial Solutions

(Get Free Report)

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.

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