Broadridge Financial Solutions (NYSE:BR) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Wednesday, ValuEngine reports.

Several other research analysts also recently commented on the company. DA Davidson downgraded Broadridge Financial Solutions from a “buy” rating to a “neutral” rating and set a $128.00 price objective for the company. in a research note on Wednesday, May 8th. They noted that the move was a valuation call. Zacks Investment Research raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $131.00 price objective for the company in a research note on Friday, May 10th. SunTrust Banks increased their price objective on Broadridge Financial Solutions from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Finally, Raymond James downgraded Broadridge Financial Solutions from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $129.20.

Shares of BR stock traded up $3.09 during trading hours on Wednesday, hitting $131.27. 637,800 shares of the company’s stock were exchanged, compared to its average volume of 839,863. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.30. The firm has a market cap of $14.84 billion, a P/E ratio of 28.17, a P/E/G ratio of 2.50 and a beta of 0.72. The firm has a 50 day moving average of $130.23 and a two-hundred day moving average of $117.44. Broadridge Financial Solutions has a fifty-two week low of $91.34 and a fifty-two week high of $138.24.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Thursday, August 1st. The business services provider reported $1.72 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.72. Broadridge Financial Solutions had a return on equity of 46.61% and a net margin of 11.05%. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the company earned $1.86 EPS. The firm’s revenue was down 8.3% compared to the same quarter last year. On average, equities analysts forecast that Broadridge Financial Solutions will post 5.13 earnings per share for the current fiscal year.

In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 24,399 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $122.50, for a total value of $2,988,877.50. Following the completion of the sale, the insider now directly owns 66,283 shares of the company’s stock, valued at approximately $8,119,667.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Adam D. Amsterdam sold 20,880 shares of the firm’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $128.92, for a total value of $2,691,849.60. Following the completion of the sale, the vice president now directly owns 20,365 shares of the company’s stock, valued at $2,625,455.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 257,874 shares of company stock valued at $32,563,968. 2.30% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Investment Management of Virginia LLC raised its position in Broadridge Financial Solutions by 0.8% in the 1st quarter. Investment Management of Virginia LLC now owns 11,977 shares of the business services provider’s stock valued at $1,242,000 after purchasing an additional 90 shares in the last quarter. CSat Investment Advisory L.P. raised its position in Broadridge Financial Solutions by 35.9% in the 2nd quarter. CSat Investment Advisory L.P. now owns 348 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 92 shares in the last quarter. Advisory Services Network LLC raised its position in shares of Broadridge Financial Solutions by 1.0% during the 1st quarter. Advisory Services Network LLC now owns 11,964 shares of the business services provider’s stock worth $1,239,000 after acquiring an additional 118 shares in the last quarter. SeaCrest Wealth Management LLC raised its position in shares of Broadridge Financial Solutions by 3.4% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 3,621 shares of the business services provider’s stock worth $462,000 after acquiring an additional 118 shares in the last quarter. Finally, Tocqueville Asset Management L.P. raised its holdings in shares of Broadridge Financial Solutions by 2.7% in the second quarter. Tocqueville Asset Management L.P. now owns 4,499 shares of the business services provider’s stock worth $574,000 after acquiring an additional 118 shares during the last quarter. 86.75% of the stock is owned by institutional investors and hedge funds.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry worldwide. 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 offers ProxyEdge, an electronic proxy delivery and voting solution.

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