UBS Group Lowers Broadridge Financial Solutions (NYSE:BR) Price Target to $250.00

Broadridge Financial Solutions (NYSE:BR) had its price objective decreased by UBS Group from $280.00 to $250.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the business services provider’s stock. UBS Group’s price target points to a potential upside of 11.22% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the company. DA Davidson reaffirmed a “neutral” rating and issued a $240.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, October 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Broadridge Financial Solutions in a research report on Tuesday. Needham & Company LLC raised their price target on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Wall Street Zen upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Morgan Stanley lowered their target price on Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 5th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $259.83.

Broadridge Financial Solutions Price Performance

NYSE:BR traded up $1.12 on Thursday, reaching $224.78. The stock had a trading volume of 146,403 shares, compared to its average volume of 604,748. The company has a market capitalization of $26.24 billion, a P/E ratio of 28.78 and a beta of 0.96. The stock has a fifty day moving average price of $234.82 and a 200-day moving average price of $241.47. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.06. Broadridge Financial Solutions has a 1-year low of $212.33 and a 1-year high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Thursday, March 3rd. The business services provider reported $0.73 EPS for the quarter. Broadridge Financial Solutions had a return on equity of 43.28% and a net margin of 13.11%.The business had revenue of $1.05 billion for the quarter. Research analysts forecast that Broadridge Financial Solutions will post 8.53 EPS for the current year.

Insider Activity at Broadridge Financial Solutions

In other news, CEO Timothy C. Gokey sold 5,674 shares of Broadridge Financial Solutions stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $258.37, for a total transaction of $1,465,991.38. Following the transaction, the chief executive officer owned 143,285 shares in the company, valued at $37,020,545.45. The trade was a 3.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BR. First Horizon Corp acquired a new stake in shares of Broadridge Financial Solutions during the third quarter worth $25,000. NewSquare Capital LLC lifted its holdings in shares of Broadridge Financial Solutions by 89.5% in the second quarter. NewSquare Capital LLC now owns 108 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 51 shares in the last quarter. ORG Partners LLC boosted its position in shares of Broadridge Financial Solutions by 360.0% during the second quarter. ORG Partners LLC now owns 115 shares of the business services provider’s stock worth $28,000 after buying an additional 90 shares during the period. Guerra Advisors Inc bought a new position in shares of Broadridge Financial Solutions during the third quarter worth about $29,000. Finally, Caitong International Asset Management Co. Ltd raised its position in Broadridge Financial Solutions by 85.1% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 124 shares of the business services provider’s stock valued at $30,000 after buying an additional 57 shares during the last quarter. Institutional investors own 90.03% of the company’s stock.

About Broadridge Financial Solutions

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.