Brokerages Set Broadridge Financial Solutions, Inc. (NYSE:BR) Price Target at $250.83

Broadridge Financial Solutions, Inc. (NYSE:BR - Get Free Report) has been assigned a consensus rating of "Hold" from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $250.83.

Several analysts recently commented on the company. Needham & Company LLC started coverage on Broadridge Financial Solutions in a report on Tuesday, May 6th. They set a "buy" rating and a $300.00 target price on the stock. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $259.00 price objective on shares of Broadridge Financial Solutions in a research note on Monday, May 19th. Finally, Wall Street Zen raised shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Friday, May 9th.

Insider Activity

In related news, insider Hope M. Jarkowski sold 1,068 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $235.22, for a total value of $251,214.96. Following the completion of the sale, the insider owned 1,070 shares of the company's stock, valued at approximately $251,685.40. The trade was a 49.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Douglas Richard Deschutter sold 5,056 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $239.55, for a total transaction of $1,211,164.80. Following the sale, the insider directly owned 21,167 shares of the company's stock, valued at $5,070,554.85. This represents a 19.28% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,116 shares of company stock worth $4,352,298. Insiders own 1.30% of the company's stock.

Hedge Funds Weigh In On Broadridge Financial Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in BR. Golden State Wealth Management LLC acquired a new stake in shares of Broadridge Financial Solutions in the first quarter valued at about $29,000. Whipplewood Advisors LLC boosted its position in Broadridge Financial Solutions by 2,620.0% during the first quarter. Whipplewood Advisors LLC now owns 136 shares of the business services provider's stock worth $33,000 after acquiring an additional 131 shares during the last quarter. Minot DeBlois Advisors LLC purchased a new stake in Broadridge Financial Solutions during the 4th quarter valued at about $34,000. Continuum Advisory LLC raised its holdings in Broadridge Financial Solutions by 48.4% in the 1st quarter. Continuum Advisory LLC now owns 141 shares of the business services provider's stock valued at $34,000 after acquiring an additional 46 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd lifted its stake in Broadridge Financial Solutions by 450.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 143 shares of the business services provider's stock worth $35,000 after purchasing an additional 117 shares in the last quarter. Hedge funds and other institutional investors own 90.03% of the company's stock.

Broadridge Financial Solutions Stock Performance

Shares of Broadridge Financial Solutions stock traded down $3.69 on Thursday, reaching $234.90. 639,405 shares of the stock were exchanged, compared to its average volume of 528,364. The business has a 50 day moving average price of $239.64 and a two-hundred day moving average price of $236.08. The firm has a market capitalization of $27.59 billion, a price-to-earnings ratio of 35.32 and a beta of 0.94. Broadridge Financial Solutions has a twelve month low of $200.63 and a twelve month high of $247.01. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.44.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its earnings results on Thursday, May 1st. The business services provider reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.03. Broadridge Financial Solutions had a net margin of 11.65% and a return on equity of 44.82%. The firm had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.86 billion. During the same quarter last year, the company posted $2.23 earnings per share. The firm's revenue was up 5.0% compared to the same quarter last year. Analysts anticipate that Broadridge Financial Solutions will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Thursday, June 12th were given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date was Thursday, June 12th. Broadridge Financial Solutions's dividend payout ratio (DPR) is presently 52.93%.

Broadridge Financial Solutions Company Profile

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.