Broadridge Financial Solutions, Inc. (NYSE:BR) – Analysts at DA Davidson lifted their Q3 2018 earnings estimates for shares of Broadridge Financial Solutions in a research note issued to investors on Friday. DA Davidson analyst P. Heckmann now forecasts that the business services provider will post earnings per share of $0.79 for the quarter, up from their previous estimate of $0.75. DA Davidson has a “Hold” rating and a $86.00 price target on the stock. DA Davidson also issued estimates for Broadridge Financial Solutions’ FY2018 earnings at $4.02 EPS and Q2 2019 earnings at $0.69 EPS.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Thursday, February 8th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.21. Broadridge Financial Solutions had a return on equity of 23.59% and a net margin of 6.13%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $945.80 million. During the same period in the prior year, the firm posted $0.39 EPS. Broadridge Financial Solutions’s quarterly revenue was up 13.4% compared to the same quarter last year.

A number of other equities analysts have also recently issued reports on BR. Barclays increased their target price on Broadridge Financial Solutions from $96.00 to $100.00 and gave the stock an “equal weight” rating in a report on Friday, February 9th. Sandler O’Neill set a $95.00 target price on Broadridge Financial Solutions and gave the stock a “hold” rating in a report on Thursday, February 8th. Zacks Investment Research raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $108.00 target price for the company in a report on Wednesday, January 31st. ValuEngine cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Raymond James Financial reissued a “hold” rating on shares of Broadridge Financial Solutions in a report on Monday, December 4th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $97.25.

Shares of Broadridge Financial Solutions (NYSE:BR) traded up $0.64 on Monday, hitting $96.13. The stock had a trading volume of 79,039 shares, compared to its average volume of 491,321. Broadridge Financial Solutions has a fifty-two week low of $66.49 and a fifty-two week high of $97.54. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a market cap of $10,951.50, a PE ratio of 30.37, a PEG ratio of 2.33 and a beta of 1.01.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BR. Toronto Dominion Bank boosted its position in shares of Broadridge Financial Solutions by 11.4% in the 2nd quarter. Toronto Dominion Bank now owns 1,453 shares of the business services provider’s stock worth $110,000 after purchasing an additional 149 shares during the last quarter. Profund Advisors LLC boosted its position in shares of Broadridge Financial Solutions by 4.2% in the 4th quarter. Profund Advisors LLC now owns 14,401 shares of the business services provider’s stock worth $1,304,000 after purchasing an additional 586 shares during the last quarter. Pictet Asset Management Ltd. lifted its holdings in Broadridge Financial Solutions by 1.5% during the third quarter. Pictet Asset Management Ltd. now owns 40,900 shares of the business services provider’s stock worth $3,306,000 after acquiring an additional 600 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in Broadridge Financial Solutions by 3.6% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,504 shares of the business services provider’s stock worth $1,588,000 after acquiring an additional 607 shares in the last quarter. Finally, First Republic Investment Management Inc. lifted its holdings in Broadridge Financial Solutions by 22.5% during the fourth quarter. First Republic Investment Management Inc. now owns 3,306 shares of the business services provider’s stock worth $299,000 after acquiring an additional 607 shares in the last quarter. 83.50% of the stock is owned by institutional investors.

In other news, insider Robert Schifellite sold 49,181 shares of Broadridge Financial Solutions stock in a transaction on Friday, December 8th. The stock was sold at an average price of $89.47, for a total value of $4,400,224.07. Following the completion of the sale, the insider now directly owns 149,181 shares of the company’s stock, valued at approximately $13,347,224.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Douglas Richard Deschutter sold 56,539 shares of Broadridge Financial Solutions stock in a transaction on Monday, February 12th. The shares were sold at an average price of $92.60, for a total value of $5,235,511.40. Following the completion of the sale, the insider now directly owns 98,427 shares of the company’s stock, valued at $9,114,340.20. The disclosure for this sale can be found here. Insiders have sold a total of 113,375 shares of company stock valued at $10,313,280 over the last ninety days. Insiders own 2.60% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Thursday, March 15th will be issued a dividend of $0.365 per share. The ex-dividend date is Wednesday, March 14th. This represents a $1.46 dividend on an annualized basis and a yield of 1.52%. Broadridge Financial Solutions’s dividend payout ratio is 46.50%.

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Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company’s segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment.

Earnings History and Estimates for Broadridge Financial Solutions (NYSE:BR)

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