Broadridge Financial Solutions (NYSE:BR) Upgraded at StockNews.com

Broadridge Financial Solutions (NYSE:BR - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

Other equities analysts also recently issued reports about the company. Royal Bank of Canada boosted their price objective on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an "outperform" rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. boosted their price objective on Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. UBS Group boosted their price objective on Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Morgan Stanley upped their target price on Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an "equal weight" rating in a research report on Monday, February 3rd. Finally, DA Davidson restated a "neutral" rating and issued a $215.00 target price on shares of Broadridge Financial Solutions in a research report on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Broadridge Financial Solutions presently has an average rating of "Hold" and an average target price of $239.17.

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Broadridge Financial Solutions Stock Performance

Shares of NYSE:BR traded up $3.46 during trading on Friday, hitting $241.30. 632,797 shares of the company traded hands, compared to its average volume of 467,927. The stock has a market capitalization of $28.24 billion, a price-to-earnings ratio of 37.76 and a beta of 1.05. The business's fifty day moving average is $235.05 and its 200-day moving average is $225.07. Broadridge Financial Solutions has a one year low of $188.30 and a one year high of $246.58. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.64.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The business services provider reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.24. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. During the same quarter in the prior year, the firm earned $0.92 earnings per share. As a group, equities analysts predict that Broadridge Financial Solutions will post 8.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, VP Laura Matlin sold 514 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $241.60, for a total value of $124,182.40. Following the transaction, the vice president now owns 6,602 shares of the company's stock, valued at approximately $1,595,043.20. This represents a 7.22 % 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 Robert N. Duelks sold 485 shares of the company's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $237.93, for a total value of $115,396.05. Following the completion of the transaction, the director now directly owns 4,960 shares in the company, valued at $1,180,132.80. This represents a 8.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,441 shares of company stock worth $1,547,835 over the last ninety days. Company insiders own 1.30% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BR. Price T Rowe Associates Inc. MD raised its stake in Broadridge Financial Solutions by 50.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,560,316 shares of the business services provider's stock valued at $804,952,000 after purchasing an additional 1,186,555 shares during the period. Norges Bank acquired a new stake in Broadridge Financial Solutions during the 4th quarter valued at $106,904,000. Raymond James Financial Inc. acquired a new stake in Broadridge Financial Solutions during the 4th quarter valued at $104,466,000. Corient Private Wealth LLC raised its stake in Broadridge Financial Solutions by 882.9% during the 4th quarter. Corient Private Wealth LLC now owns 437,171 shares of the business services provider's stock valued at $99,186,000 after purchasing an additional 392,695 shares during the period. Finally, Northern Trust Corp raised its stake in Broadridge Financial Solutions by 24.4% during the 4th quarter. Northern Trust Corp now owns 1,604,783 shares of the business services provider's stock valued at $362,825,000 after purchasing an additional 314,323 shares during the period. Institutional investors own 90.03% of the company's stock.

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.