Broadridge Financial Solutions (BR) Sets New 52-Week High and Low at $111.45

Broadridge Financial Solutions (NYSE:BR) shares reached a new 52-week high and low on Tuesday . The stock traded as low as $111.45 and last traded at $111.31, with a volume of 372464 shares trading hands. The stock had previously closed at $109.71.

Several analysts have commented on the stock. Zacks Investment Research raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $108.00 target price for the company in a research report on Wednesday, January 31st. DA Davidson boosted their target price on shares of Broadridge Financial Solutions from $90.00 to $92.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 28th. Sandler O’Neill reissued a “hold” rating and issued a $101.00 target price on shares of Broadridge Financial Solutions in a research report on Thursday, February 15th. ValuEngine raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Barclays boosted their target price on shares of Broadridge Financial Solutions from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Friday, February 9th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Broadridge Financial Solutions presently has a consensus rating of “Hold” and a consensus target price of $100.25.

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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 stock has a market capitalization of $12,485.50, a P/E ratio of 35.75, a P/E/G ratio of 2.65 and a beta of 0.84.



Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Thursday, February 8th. The business services provider reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.21. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $945.80 million. Broadridge Financial Solutions had a net margin of 8.74% and a return on equity of 44.02%. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 earnings per share. equities analysts anticipate that Broadridge Financial Solutions will post 4.04 EPS for the current fiscal year.

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

In related news, insider Douglas Richard Deschutter sold 56,539 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $92.60, for a total transaction 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 approximately $9,114,340.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Adam D. Amsterdam sold 19,600 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $99.36, for a total transaction of $1,947,456.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 163,743 shares of company stock valued at $15,985,048. 2.60% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in Broadridge Financial Solutions by 6.3% in the 4th quarter. BlackRock Inc. now owns 13,884,096 shares of the business services provider’s stock valued at $1,257,619,000 after purchasing an additional 818,115 shares during the period. Atlanta Capital Management Co. L L C boosted its holdings in Broadridge Financial Solutions by 2.4% in the 4th quarter. Atlanta Capital Management Co. L L C now owns 2,594,845 shares of the business services provider’s stock valued at $235,041,000 after purchasing an additional 61,117 shares during the period. Deutsche Bank AG boosted its holdings in Broadridge Financial Solutions by 38.1% in the 4th quarter. Deutsche Bank AG now owns 1,379,752 shares of the business services provider’s stock valued at $124,975,000 after purchasing an additional 380,595 shares during the period. Geode Capital Management LLC boosted its holdings in Broadridge Financial Solutions by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 1,181,398 shares of the business services provider’s stock valued at $106,961,000 after purchasing an additional 49,353 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in Broadridge Financial Solutions by 1.6% in the 4th quarter. Wells Fargo & Company MN now owns 1,180,392 shares of the business services provider’s stock valued at $106,919,000 after purchasing an additional 18,901 shares during the period. 84.54% of the stock is owned by institutional investors and hedge funds.

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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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