Broadridge Financial Solutions, Inc. (NYSE:BR) Receives $250.83 Consensus Price Target from Analysts

Key Points

• Brokerages have given Broadridge Financial Solutions, Inc. (NYSE:BR) an average recommendation of "Hold", with five analysts holding this rating and two assigning a buy rating.
• The average twelve-month price target for Broadridge shares is $250.83, and recent earnings reports have shown a slight revenue increase of 5.0% year-over-year.
• Insider trading activity includes significant sales, with one executive selling over 3,600 shares, reflecting a substantial decrease in their owned position.

Broadridge Financial Solutions, Inc. (NYSE:BR - Get Free Report) has earned an average recommendation of "Hold" from the seven brokerages that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $258.1667.

BR has been the topic of several analyst reports. Morgan Stanley upped their target price on Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an "equal weight" rating in a report on Wednesday. Wall Street Zen raised Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Royal Bank Of Canada reissued an "outperform" rating and set a $259.00 target price on shares of Broadridge Financial Solutions in a research note on Monday, May 19th. Finally, Needham & Company LLC lifted their target price on Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a "buy" rating in a research report on Wednesday.

Broadridge Financial Solutions Trading Down 0.5%

Shares of NYSE:BR traded down $1.40 during trading on Monday, reaching $265.49. 774,200 shares of the stock were exchanged, compared to its average volume of 582,328. Broadridge Financial Solutions has a 12-month low of $206.29 and a 12-month high of $271.91. The firm has a market cap of $31.18 billion, a price-to-earnings ratio of 37.44 and a beta of 0.94. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.32 and a current ratio of 0.98. The firm's 50-day moving average price is $242.67 and its 200 day moving average price is $238.48.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its earnings results on Tuesday, August 5th. The business services provider reported $3.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.51 by $0.04. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same quarter last year, the business posted $3.50 EPS. The company's revenue for the quarter was up 6.2% on a year-over-year basis. On average, sell-side analysts anticipate that Broadridge Financial Solutions will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 1.5%. This is a boost from Broadridge Financial Solutions's previous quarterly dividend of $0.88. The ex-dividend date is Thursday, September 11th. Broadridge Financial Solutions's dividend payout ratio (DPR) is 55.01%.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 5,056 shares of Broadridge Financial Solutions stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $239.55, for a total transaction of $1,211,164.80. Following the transaction, the insider directly owned 21,167 shares of the company's stock, valued at $5,070,554.85. The trade was a 19.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maura A. Markus sold 3,556 shares of the company's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $243.08, for a total value of $864,392.48. Following the sale, the director directly owned 30,892 shares in the company, valued at $7,509,227.36. This represents a 10.32% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,048 shares of company stock valued at $4,101,083. Insiders own 1.30% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Broadridge Financial Solutions by 3.1% during the first quarter. Vanguard Group Inc. now owns 14,733,147 shares of the business services provider's stock worth $3,572,199,000 after purchasing an additional 438,381 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Broadridge Financial Solutions by 50.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,560,316 shares of the business services provider's stock worth $804,952,000 after purchasing an additional 1,186,555 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Broadridge Financial Solutions by 3.6% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,751,266 shares of the business services provider's stock worth $425,610,000 after purchasing an additional 61,659 shares during the last quarter. Barclays PLC raised its holdings in Broadridge Financial Solutions by 2.5% in the 4th quarter. Barclays PLC now owns 1,648,527 shares of the business services provider's stock valued at $372,713,000 after acquiring an additional 40,506 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in Broadridge Financial Solutions by 1.3% during the fourth quarter. Stifel Financial Corp now owns 1,615,131 shares of the business services provider's stock worth $365,177,000 after buying an additional 20,716 shares in the last quarter. Institutional investors and hedge funds own 90.03% 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. 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.