Broadridge Financial Solutions (NYSE: BR) recently received a number of ratings updates from brokerages and research firms:

  • 2/11/2019 – Broadridge Financial Solutions was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Broadridge reported disappointing second-quarter fiscal 2019 results, with earnings and revenues lagging the Zacks Consensus Estimate. The company has a strong business model, backed by higher recurring fee revenues. Increasing demand for technology solutions has enabled the company to increase investments in digital, AI, cloud and blockchain particularly via acquisitions. Broadridge continues to focus on enhancing its internal growth with strategic buyouts. Despite such positives, Broadridge continues to grapple with client concentration. Strong competition can negatively affect Broadridge’s ability to increase its market share and profitability. Multiple acquisitions increase the company’s exposure to integration risks and higher expenses. High debt may limit Broadridge’s future expansion and worsen its risk profile. Shares of Broadridge have underperformed its industry in the past year.”
  • 2/8/2019 – Broadridge Financial Solutions was upgraded by analysts at DA Davidson from a “neutral” rating to a “buy” rating. They now have a $116.00 price target on the stock.
  • 2/5/2019 – Broadridge Financial Solutions was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Broadridge has a strong business model, backed by higher recurring fee revenues. Increasing demand for technology solutions has enabled the company to increase investments in digital, AI, cloud and blockchain particularly via acquisitions. Broadridge continues to focus on enhancing its internal growth with strategic buyouts. Shares of Broadridge have outperformed its industry in the past year. Despite such positives, Broadridge continues to grapple with client concentration. Strong competition can negatively affect Broadridge’s ability to increase its market share and profitability. Multiple acquisitions increase the company’s exposure to integration risks and higher expenses. High debt may limit Broadridge’s future expansion and worsen its risk profile.”
  • 1/30/2019 – Broadridge Financial Solutions was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Broadridge continues to focus on enhancing its internal growth with strategic buyouts. The company has a strong business model, backed by higher recurring fee revenues. Increasing demand for technology solutions has enabled the company to increase investments in digital, AI, cloud and blockchain particularly via acquisitions. Shares of Broadridge have outperformed its industry in the past year. On the flip side, the company continues to grapple with client concentration. Strong competition can negatively affect Broadridge’s ability to increase its market share and profitability. Multiple acquisitions increase the company’s exposure to integration risks and higher expenses. High debt may limit Broadridge’s future expansion and worsen its risk profile.”
  • 1/23/2019 – Broadridge Financial Solutions was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Broadridge's focus on enhancing its internal growth with strategic buyouts is appreciable. The company has a strong business model, backed by higher recurring fee revenues. Increasing demand for technology solutions has enabled the company to increase investments in digital, AI, cloud and blockchain particularly via acquisitions. The company has been consistent in rewarding its shareholders. Shares of Broadridge have outperformed its industry in a year's time. On the flip side, the company continues to grapple with client concentration. Strong competition can negatively affect Broadridge’s ability to increase its market share and profitability. Multiple acquisitions increase the company’s exposure to integration risks and higher expenses. High debt may limit Broadridge’s future expansion and worsen its risk profile.”
  • 1/16/2019 – Broadridge Financial Solutions was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Broadridge has a strong business model, backed by higher recurring fee revenues. We appreciate Broadridge's focus on enhancing its internal growth with strategic buyouts. Increasing demand for technology solutions has enabled the company to increase investments via acquisitions. The company has a consistent record of rewarding its shareholders through dividend and share repurchases. The company’s shares outperformed its industry in the past year. Despite such positives, Broadridge continues to suffer from intense competition. Strong competition can negatively affect Broadridge’s ability to maintain or increase its market share and profitability. Multiple acquisitions increase the company’s exposure to integration risks. Customer concentration is another major risk.”
  • 1/6/2019 – Broadridge Financial Solutions had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $110.00 price target on the stock.

Shares of BR traded up $2.08 during mid-day trading on Monday, reaching $99.61. The company’s stock had a trading volume of 18,425 shares, compared to its average volume of 806,269. The firm has a market capitalization of $11.35 billion, a P/E ratio of 23.77, a PEG ratio of 2.10 and a beta of 0.84. Broadridge Financial Solutions, Inc. has a 1 year low of $89.50 and a 1 year high of $138.24. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.06.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Thursday, February 7th. The business services provider reported $0.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.15). The business had revenue of $953.40 million during the quarter, compared to analysts’ expectations of $967.21 million. Broadridge Financial Solutions had a net margin of 10.25% and a return on equity of 43.95%. Broadridge Financial Solutions’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.79 EPS. On average, analysts expect that Broadridge Financial Solutions, Inc. will post 4.65 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Friday, March 15th will be issued a $0.485 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.95%. Broadridge Financial Solutions’s payout ratio is currently 46.30%.

In related news, Director Stuart R. Levine sold 8,902 shares of the stock in a transaction 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 in the company, valued at $3,607,337.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.30% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Whittier Trust Co. raised its holdings in shares of Broadridge Financial Solutions by 117.3% during the fourth quarter. Whittier Trust Co. now owns 289 shares of the business services provider’s stock worth $28,000 after acquiring an additional 156 shares in the last quarter. CX Institutional purchased a new stake in shares of Broadridge Financial Solutions during the fourth quarter worth $41,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Broadridge Financial Solutions during the fourth quarter worth $52,000. Truvestments Capital LLC purchased a new stake in shares of Broadridge Financial Solutions during the third quarter worth $106,000. Finally, Quantamental Technologies LLC acquired a new position in Broadridge Financial Solutions during the fourth quarter worth $79,000. Institutional investors and hedge funds own 87.11% of the company’s stock.

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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