Broadridge Financial Solutions, Inc. (NYSE:BR) Receives Consensus Recommendation of “Hold” from Analysts

Broadridge Financial Solutions, Inc. (NYSE:BR) has been given an average recommendation of “Hold” by the six analysts that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $129.75.

A number of brokerages recently weighed in on BR. ValuEngine cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. DA Davidson cut shares of Broadridge Financial Solutions from a “buy” rating to a “neutral” rating and set a $128.00 price objective for the company. in a report on Wednesday, May 8th. They noted that the move was a valuation call. SunTrust Banks lifted their price objective on shares of Broadridge Financial Solutions from $130.00 to $150.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Raymond James cut shares of Broadridge Financial Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 31st. Finally, Zacks Investment Research upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $131.00 price objective for the company in a report on Friday, May 10th.

Shares of BR traded down $1.56 during trading on Wednesday, reaching $124.19. 19,641 shares of the company traded hands, compared to its average volume of 627,086. Broadridge Financial Solutions has a twelve month low of $91.34 and a twelve month high of $138.24. The firm has a market cap of $14.37 billion, a PE ratio of 26.64, a PEG ratio of 2.46 and a beta of 0.72. The business’s 50-day moving average is $130.58. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.70 and a current ratio of 1.30.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Thursday, August 1st. The business services provider reported $1.72 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.72. Broadridge Financial Solutions had a net margin of 11.05% and a return on equity of 46.61%. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the business earned $1.86 earnings per share. The business’s revenue for the quarter was down 8.3% on a year-over-year basis. Sell-side analysts predict that Broadridge Financial Solutions will post 5.13 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Friday, September 13th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.74%. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.49. Broadridge Financial Solutions’s payout ratio is 41.63%.

In other Broadridge Financial Solutions news, SVP Robert Schifellite sold 37,818 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $122.77, for a total transaction of $4,642,915.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Leslie A. Brun sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $121.71, for a total transaction of $912,825.00. Following the sale, the director now owns 30,101 shares of the company’s stock, valued at approximately $3,663,592.71. The disclosure for this sale can be found here. Insiders sold 190,149 shares of company stock valued at $23,659,712 in the last 90 days. Company insiders own 2.30% of the company’s stock.

Several large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position in Broadridge Financial Solutions by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 648,360 shares of the business services provider’s stock valued at $62,403,000 after acquiring an additional 19,230 shares during the period. Municipal Employees Retirement System of Michigan bought a new stake in Broadridge Financial Solutions in the fourth quarter valued at $301,000. TrimTabs Asset Management LLC grew its holdings in shares of Broadridge Financial Solutions by 5.0% during the first quarter. TrimTabs Asset Management LLC now owns 14,116 shares of the business services provider’s stock worth $1,464,000 after purchasing an additional 672 shares during the last quarter. Fenimore Asset Management Inc. grew its holdings in shares of Broadridge Financial Solutions by 46.3% during the first quarter. Fenimore Asset Management Inc. now owns 191,917 shares of the business services provider’s stock worth $19,900,000 after purchasing an additional 60,746 shares during the last quarter. Finally, Bell Asset Management Ltd bought a new stake in shares of Broadridge Financial Solutions during the first quarter worth $6,897,000. Institutional investors and hedge funds own 84.67% of the company’s stock.

Broadridge Financial Solutions Company Profile

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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