Broadridge Financial Solutions (NYSE:BR) Upgraded by StockNews.com to "Buy" Rating

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

A number of other analysts have also issued reports on BR. JPMorgan Chase & Co. raised their target price on Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. UBS Group boosted their target price on shares of Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. DA Davidson reissued a "neutral" rating and issued a $215.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. Royal Bank of Canada boosted their price objective on shares of Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Finally, Morgan Stanley increased their target price on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an "equal weight" rating in a research note on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Broadridge Financial Solutions has an average rating of "Hold" and a consensus target price of $241.00.

Broadridge Financial Solutions Stock Performance

Shares of NYSE:BR traded up $7.02 during trading on Tuesday, reaching $235.10. The stock had a trading volume of 384,442 shares, compared to its average volume of 522,950. The stock has a fifty day simple moving average of $234.68 and a two-hundred day simple moving average of $230.31. 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 has a 52 week low of $188.30 and a 52 week high of $247.01. The firm has a market capitalization of $27.51 billion, a price-to-earnings ratio of 36.79 and a beta of 1.06.

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

Insider Buying and Selling

In other news, CEO Timothy C. Gokey sold 95,956 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $235.43, for a total value of $22,590,921.08. Following the sale, the chief executive officer now directly owns 169,788 shares in the company, valued at approximately $39,973,188.84. This represents a 36.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Laura Matlin sold 514 shares of the firm's stock in a transaction that occurred 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 $1,595,043.20. This trade represents a 7.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 124,754 shares of company stock valued at $29,397,793 over the last quarter. Corporate insiders own 1.30% of the company's stock.

Institutional Investors Weigh In On Broadridge Financial Solutions

Several large investors have recently made changes to their positions in the company. HWG Holdings LP bought a new stake in Broadridge Financial Solutions during the 1st quarter worth approximately $97,000. MBE Wealth Management LLC bought a new stake in shares of Broadridge Financial Solutions during the first quarter worth $357,000. EWA LLC increased its stake in shares of Broadridge Financial Solutions by 4.4% in the first quarter. EWA LLC now owns 1,315 shares of the business services provider's stock valued at $319,000 after buying an additional 56 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Broadridge Financial Solutions in the first quarter valued at about $826,000. Finally, Running Oak Capital LLC lifted its position in Broadridge Financial Solutions by 5.5% during the 1st quarter. Running Oak Capital LLC now owns 67,855 shares of the business services provider's stock worth $16,490,000 after buying an additional 3,565 shares in the last quarter. Institutional investors own 90.03% of the company's stock.

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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