Broadridge Financial Solutions (NYSE:BR) Receives Neutral Rating from DA Davidson

DA Davidson reaffirmed their neutral rating on shares of Broadridge Financial Solutions (NYSE:BR - Free Report) in a research report sent to investors on Wednesday, Benzinga reports. DA Davidson currently has a $185.00 target price on the business services provider's stock.

A number of other equities research analysts also recently weighed in on the company. Raymond James raised their price target on Broadridge Financial Solutions from $205.00 to $214.00 and gave the stock an outperform rating in a research note on Friday, February 2nd. StockNews.com cut shares of Broadridge Financial Solutions from a buy rating to a hold rating in a research report on Wednesday, March 27th. Evercore ISI restated an outperform rating and issued a $230.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, March 26th. Finally, Royal Bank of Canada lifted their price target on shares of Broadridge Financial Solutions from $212.00 to $239.00 and gave the stock an outperform rating in a research report on Friday, February 2nd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Broadridge Financial Solutions currently has a consensus rating of Hold and an average target price of $206.67.

Broadridge Financial Solutions Stock Performance

NYSE BR traded down $3.67 during trading hours on Wednesday, hitting $203.57. The company had a trading volume of 414,254 shares, compared to its average volume of 525,852. Broadridge Financial Solutions has a fifty-two week low of $139.52 and a fifty-two week high of $210.24. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.77. The business has a fifty day simple moving average of $201.29 and a 200-day simple moving average of $193.38. The firm has a market cap of $23.97 billion, a P/E ratio of 35.47 and a beta of 0.99.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The business services provider reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.03. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.40 billion. Broadridge Financial Solutions had a return on equity of 41.12% and a net margin of 10.82%. The company's quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the company earned $0.91 earnings per share. Equities analysts predict that Broadridge Financial Solutions will post 7.72 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.57%. The ex-dividend date was Thursday, March 14th. Broadridge Financial Solutions's dividend payout ratio is presently 55.75%.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, Director Robert N. Duelks sold 830 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $201.58, for a total transaction of $167,311.40. Following the transaction, the director now directly owns 5,445 shares of the company's stock, valued at $1,097,603.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Broadridge Financial Solutions news, Director Robert N. Duelks sold 830 shares of the business's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $201.58, for a total transaction of $167,311.40. Following the transaction, the director now directly owns 5,445 shares of the company's stock, valued at approximately $1,097,603.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Douglas Richard Deschutter sold 22,722 shares of the business's stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $199.00, for a total transaction of $4,521,678.00. Following the transaction, the insider now directly owns 44,680 shares in the company, valued at $8,891,320. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,483 shares of company stock valued at $9,745,637. 1.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Broadridge Financial Solutions

Hedge funds have recently bought and sold shares of the company. Procyon Advisors LLC increased its holdings in Broadridge Financial Solutions by 2.3% in the 4th quarter. Procyon Advisors LLC now owns 2,319 shares of the business services provider's stock worth $477,000 after acquiring an additional 52 shares in the last quarter. New York Life Investment Management LLC increased its stake in shares of Broadridge Financial Solutions by 0.3% during the fourth quarter. New York Life Investment Management LLC now owns 18,444 shares of the business services provider's stock valued at $3,795,000 after buying an additional 52 shares during the period. Optas LLC increased its stake in shares of Broadridge Financial Solutions by 3.8% during the fourth quarter. Optas LLC now owns 1,565 shares of the business services provider's stock valued at $322,000 after buying an additional 57 shares during the period. Signaturefd LLC increased its stake in shares of Broadridge Financial Solutions by 3.8% during the fourth quarter. Signaturefd LLC now owns 1,596 shares of the business services provider's stock valued at $328,000 after buying an additional 58 shares during the period. Finally, Manchester Capital Management LLC grew its stake in Broadridge Financial Solutions by 57.1% in the fourth quarter. Manchester Capital Management LLC now owns 165 shares of the business services provider's stock valued at $34,000 after purchasing an additional 60 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.