Broadridge Financial Solutions (NYSE:BR) Now Covered by UBS Group

Equities research analysts at UBS Group initiated coverage on shares of Broadridge Financial Solutions (NYSE:BR - Get Free Report) in a research note issued on Thursday,Briefing.com Automated Import reports. The brokerage set a "neutral" rating and a $250.00 price target on the business services provider's stock. UBS Group's price objective indicates a potential upside of 10.92% from the company's current price.

Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. upped their price target on Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a "neutral" rating in a research note on Tuesday, August 20th. Morgan Stanley increased their price target on Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 6th. Royal Bank of Canada reissued an "outperform" rating and set a $246.00 target price on shares of Broadridge Financial Solutions in a research note on Wednesday, November 6th. Finally, StockNews.com downgraded Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a report on Saturday, November 9th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $222.43.

Broadridge Financial Solutions Stock Performance

NYSE BR opened at $225.39 on Thursday. Broadridge Financial Solutions has a twelve month low of $183.60 and a twelve month high of $230.00. The stock has a market cap of $26.35 billion, a P/E ratio of 38.99 and a beta of 1.05. The company's 50-day simple moving average is $216.78 and its 200 day simple moving average is $208.75. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.63.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.03. Broadridge Financial Solutions had a net margin of 10.57% and a return on equity of 41.79%. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. The firm's quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 EPS. As a group, research analysts forecast that Broadridge Financial Solutions will post 8.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Chairman Richard J. Daly sold 21,938 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The shares were 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. This trade represents a 17.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Timothy C. Gokey sold 25,000 shares of the business's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $209.31, for a total transaction of $5,232,750.00. Following the sale, the chief executive officer now directly owns 206,349 shares in the company, valued at approximately $43,190,909.19. The trade was a 10.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 109,033 shares of company stock valued at $23,382,322 over the last quarter. 1.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Broadridge Financial Solutions

Several large investors have recently bought and sold shares of BR. Bogart Wealth LLC raised its holdings in Broadridge Financial Solutions by 384.0% in the 3rd quarter. Bogart Wealth LLC now owns 121 shares of the business services provider's stock valued at $26,000 after buying an additional 96 shares during the last quarter. EdgeRock Capital LLC acquired a new position in Broadridge Financial Solutions in the 2nd quarter valued at approximately $32,000. Rothschild Investment LLC bought a new position in shares of Broadridge Financial Solutions during the second quarter valued at $32,000. True Wealth Design LLC lifted its holdings in shares of Broadridge Financial Solutions by 2,028.6% during the third quarter. True Wealth Design LLC now owns 149 shares of the business services provider's stock worth $32,000 after purchasing an additional 142 shares during the period. Finally, New Covenant Trust Company N.A. acquired a new stake in Broadridge Financial Solutions in the first quarter valued at $34,000. 90.03% of the stock is currently owned by institutional investors.

About Broadridge Financial Solutions

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.

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