Broadridge Financial Solutions (BR) Reaches New 1-Year High and Low at $111.45

Broadridge Financial Solutions (NYSE:BR)’s share price hit a new 52-week high and low during mid-day trading on Tuesday . The company traded as low as $111.45 and last traded at $111.31, with a volume of 372464 shares changing hands. The stock had previously closed at $109.71.

BR has been the subject of a number of recent research reports. Barclays increased their price objective on shares of Broadridge Financial Solutions from $96.00 to $100.00 and gave the company an “equal weight” rating in a research note on Friday, February 9th. ValuEngine upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Sandler O’Neill set a $95.00 price objective on shares of Broadridge Financial Solutions and gave the company a “hold” rating in a research note on Thursday, February 8th. Finally, DA Davidson increased their price objective on shares of Broadridge Financial Solutions from $90.00 to $92.00 and gave the company a “neutral” rating in a research note on Wednesday, March 28th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Broadridge Financial Solutions presently has an average rating of “Hold” and a consensus price target of $100.25.

The company has a market cap of $12,485.50, a PE ratio of 35.75, a price-to-earnings-growth ratio of 2.65 and a beta of 0.84. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.79 and a current ratio of 1.79.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.21. Broadridge Financial Solutions had a net margin of 8.74% and a return on equity of 44.02%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $945.80 million. During the same quarter in the prior year, the company posted $0.39 EPS. The business’s revenue was up 13.4% on a year-over-year basis. equities research analysts forecast that Broadridge Financial Solutions will post 4.04 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 3rd. Investors of record on Thursday, March 15th were given a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Wednesday, March 14th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 46.65%.

In related news, Director Stuart R. Levine sold 8,304 shares of the stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $106.05, for a total transaction of $880,639.20. Following the completion of the sale, the director now owns 24,554 shares in the company, valued at approximately $2,603,951.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Douglas Richard Deschutter sold 56,539 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $92.60, for a total transaction of $5,235,511.40. Following the sale, the insider now owns 98,427 shares of the company’s stock, valued at approximately $9,114,340.20. The disclosure for this sale can be found here. Insiders have sold a total of 163,743 shares of company stock valued at $15,985,048 in the last quarter. 2.60% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the stock. Profund Advisors LLC increased its position in shares of Broadridge Financial Solutions by 4.2% during 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 in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Broadridge Financial Solutions by 3.6% during the 4th 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 purchasing an additional 607 shares in the last quarter. First Republic Investment Management Inc. increased its position in shares of Broadridge Financial Solutions by 22.5% during the 4th quarter. First Republic Investment Management Inc. now owns 3,306 shares of the business services provider’s stock worth $299,000 after purchasing an additional 607 shares in the last quarter. Advisor Partners LLC increased its position in shares of Broadridge Financial Solutions by 21.3% during the 4th quarter. Advisor Partners LLC now owns 3,768 shares of the business services provider’s stock worth $361,000 after purchasing an additional 662 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in Broadridge Financial Solutions by 3.6% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 19,202 shares of the business services provider’s stock worth $1,739,000 after acquiring an additional 671 shares during the last quarter. Institutional investors and hedge funds own 84.54% of the company’s stock.

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About Broadridge Financial Solutions

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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