Shares of Broadridge Financial Solutions, Inc. (NYSE:BR) have earned a consensus rating of “Hold” from the six ratings firms that are covering the firm. Five analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $72.50.
Separately, Zacks Investment Research upgraded Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, December 7th.
Broadridge Financial Solutions (NYSE:BR) opened at 69.28 on Monday. The company has a market cap of $8.19 billion, a price-to-earnings ratio of 28.37 and a beta of 1.07. Broadridge Financial Solutions has a 12-month low of $56.40 and a 12-month high of $71.74. The stock has a 50 day moving average price of $68.49 and a 200-day moving average price of $66.78.
Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Wednesday, February 8th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Broadridge Financial Solutions had a return on equity of 33.76% and a net margin of 8.62%. The company earned $893 million during the quarter, compared to analyst estimates of $940.07 million. During the same quarter in the previous year, the company posted $0.38 EPS. Broadridge Financial Solutions’s revenue for the quarter was up 39.7% on a year-over-year basis. On average, analysts predict that Broadridge Financial Solutions will post $3.11 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Tuesday, March 14th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, March 10th. This represents a $1.32 dividend on an annualized basis and a yield of 1.91%. Broadridge Financial Solutions’s dividend payout ratio is presently 53.88%.
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In related news, insider Timothy C. Gokey sold 83,390 shares of the business’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $69.88, for a total transaction of $5,827,293.20. Following the transaction, the insider now owns 161,539 shares in the company, valued at approximately $11,288,345.32. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Robert F. Kalenka sold 40,639 shares of the business’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $68.34, for a total value of $2,777,269.26. Following the transaction, the insider now owns 61,519 shares in the company, valued at approximately $4,204,208.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 261,851 shares of company stock worth $18,077,337. 3.50% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp increased its position in shares of Broadridge Financial Solutions by 0.8% in the fourth quarter. Van ECK Associates Corp now owns 1,679 shares of the company’s stock worth $111,000 after buying an additional 14 shares in the last quarter. Integrated Investment Consultants LLC increased its position in shares of Broadridge Financial Solutions by 1.2% in the third quarter. Integrated Investment Consultants LLC now owns 2,150 shares of the company’s stock worth $140,000 after buying an additional 25 shares in the last quarter. Burney Co. increased its position in shares of Broadridge Financial Solutions by 0.3% in the fourth quarter. Burney Co. now owns 17,442 shares of the company’s stock worth $1,156,000 after buying an additional 50 shares in the last quarter. Stanley Laman Group Ltd. increased its position in shares of Broadridge Financial Solutions by 2.4% in the third quarter. Stanley Laman Group Ltd. now owns 3,172 shares of the company’s stock worth $215,000 after buying an additional 73 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Broadridge Financial Solutions by 0.4% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 21,950 shares of the company’s stock worth $1,455,000 after buying an additional 80 shares in the last quarter. Institutional investors own 83.30% of the company’s stock.
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.
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