Broadridge Financial Solutions (NYSE:BR) Stock Price Expected to Rise, UBS Group Analyst Says

Key Points

• UBS Group has raised its target price for Broadridge Financial Solutions' stock from $250.00 to $280.00, indicating an expected 4.60% upside from the previous close.
• Broadridge recently reported quarterly earnings of $3.55 EPS, exceeding estimates of $3.51, with revenue rising 6.2% year-over-year.
• Multiple analysts have assigned ratings for Broadridge, with five maintaining a hold rating and three endorsing a buy rating, resulting in an average target price of $261.50.

Broadridge Financial Solutions (NYSE:BR - Free Report) had its target price raised by UBS Group from $250.00 to $280.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a neutral rating on the business services provider's stock.

BR has been the topic of several other research reports. Wall Street Zen upgraded Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Needham & Company LLC upped 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. Morgan Stanley upped their target price on Broadridge Financial Solutions from $222.00 to $261.00 and gave the company an "equal weight" rating in a research report on Wednesday. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $259.00 target price on shares of Broadridge Financial Solutions in a research report on Monday, May 19th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Broadridge Financial Solutions presently has an average rating of "Hold" and an average price target of $261.50.

Broadridge Financial Solutions Trading Down 0.1%

Shares of Broadridge Financial Solutions stock traded down $0.29 on Friday, hitting $266.19. 536,088 shares of the company's stock traded hands, compared to its average volume of 935,714. Broadridge Financial Solutions has a one year low of $206.29 and a one year high of $271.91. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.98 and a quick ratio of 0.98. The company has a fifty day moving average of $243.67 and a two-hundred day moving average of $238.99. The company has a market capitalization of $31.18 billion, a price-to-earnings ratio of 37.54 and a beta of 0.94.

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

Broadridge Financial Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a dividend of $0.975 per share. This is an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $3.90 dividend on an annualized basis and a yield of 1.5%. Broadridge Financial Solutions's dividend payout ratio (DPR) is currently 49.65%.

Insider Transactions at Broadridge Financial Solutions

In other news, VP Thomas P. Carey sold 3,607 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $237.26, for a total value of $855,796.82. Following the completion of the sale, the vice president directly owned 6,077 shares of the company's stock, valued at $1,441,829.02. This represents a 37.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Douglas Richard Deschutter sold 5,056 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $239.55, for a total value of $1,211,164.80. Following the completion of the sale, the insider directly owned 21,167 shares of the company's stock, valued at approximately $5,070,554.85. This trade represents a 19.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,048 shares of company stock valued at $4,101,083 in the last 90 days. Corporate insiders own 1.30% of the company's stock.

Institutional Trading of Broadridge Financial Solutions

Several institutional investors and hedge funds have recently modified their holdings of the stock. Clarus Group Inc. raised its stake in shares of Broadridge Financial Solutions by 1.5% in the second quarter. Clarus Group Inc. now owns 2,951 shares of the business services provider's stock worth $717,000 after purchasing an additional 44 shares during the last quarter. Harbour Investments Inc. raised its stake in shares of Broadridge Financial Solutions by 10.1% in the second quarter. Harbour Investments Inc. now owns 489 shares of the business services provider's stock worth $119,000 after purchasing an additional 45 shares during the last quarter. Continuum Advisory LLC grew its holdings in shares of Broadridge Financial Solutions by 48.4% in the first 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 in the last quarter. Norden Group LLC grew its holdings in shares of Broadridge Financial Solutions by 2.6% in the first quarter. Norden Group LLC now owns 1,852 shares of the business services provider's stock valued at $449,000 after acquiring an additional 47 shares in the last quarter. Finally, Crew Capital Management Ltd. grew its holdings in shares of Broadridge Financial Solutions by 2.4% in the first quarter. Crew Capital Management Ltd. now owns 2,020 shares of the business services provider's stock valued at $490,000 after acquiring an additional 48 shares in the last quarter. 90.03% of the stock is owned by hedge funds and other institutional investors.

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.