Broadridge Financial Solutions (NYSE:BR) Coverage Initiated at UBS Group

Equities research analysts at UBS Group started coverage on shares of Broadridge Financial Solutions (NYSE:BR) in a report released on Thursday, MarketBeat.com reports. The firm set a “neutral” rating and a $250.00 price target on the business services provider’s stock. UBS Group’s price target would indicate a potential upside of 8.58% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $246.00 price target on shares of Broadridge Financial Solutions in a research note on Wednesday, November 6th. JPMorgan Chase & Co. lifted their target price on Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. StockNews.com cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. Finally, Morgan Stanley lifted their price objective on Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Broadridge Financial Solutions presently has an average rating of “Hold” and an average target price of $222.43.

Broadridge Financial Solutions Price Performance

NYSE BR opened at $230.24 on Thursday. The stock has a market capitalization of $26.91 billion, a price-to-earnings ratio of 39.83 and a beta of 1.05. Broadridge Financial Solutions has a 1-year low of $185.30 and a 1-year high of $230.30. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.39 and a quick ratio of 1.39. The business’s fifty day moving average price is $217.12 and its 200-day moving average price is $208.88.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Tuesday, November 5th. The business services provider reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. Broadridge Financial Solutions’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 earnings per share. On average, equities analysts predict that Broadridge Financial Solutions will post 8.53 earnings per share for the current year.

Insiders Place Their Bets

In related news, Chairman Richard J. Daly sold 21,938 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $207.66, for a total value of $4,555,645.08. Following the sale, the chairman now directly owns 105,094 shares in the company, valued at approximately $21,823,820.04. The trade was a 17.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Maura A. Markus sold 3,880 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $227.02, for a total value of $880,837.60. Following the transaction, the director now owns 27,788 shares of the company’s stock, valued at $6,308,431.76. This represents a 12.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 84,033 shares of company stock worth $18,149,572 in the last three months. 1.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bessemer Group Inc. grew its stake in shares of Broadridge Financial Solutions by 1.6% in the 1st quarter. Bessemer Group Inc. now owns 7,012 shares of the business services provider’s stock worth $1,436,000 after buying an additional 109 shares in the last quarter. Natixis increased its stake in Broadridge Financial Solutions by 9,913.6% during the first quarter. Natixis now owns 2,203 shares of the business services provider’s stock worth $451,000 after acquiring an additional 2,181 shares during the last quarter. CreativeOne Wealth LLC raised its position in Broadridge Financial Solutions by 22.0% during the first quarter. CreativeOne Wealth LLC now owns 1,549 shares of the business services provider’s stock valued at $317,000 after purchasing an additional 279 shares during the period. EP Wealth Advisors LLC lifted its stake in shares of Broadridge Financial Solutions by 3.6% in the 1st quarter. EP Wealth Advisors LLC now owns 9,373 shares of the business services provider’s stock valued at $1,920,000 after purchasing an additional 327 shares during the last quarter. Finally, Toronto Dominion Bank boosted its holdings in shares of Broadridge Financial Solutions by 4.4% in the 1st quarter. Toronto Dominion Bank now owns 71,093 shares of the business services provider’s stock worth $14,564,000 after purchasing an additional 2,989 shares during the period. 90.03% of the stock is owned by hedge funds and other institutional investors.

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.