Broadridge Financial Solutions (NYSE:BR) Downgraded by StockNews.com to Hold

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

Other analysts have also recently issued research reports about the stock. 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 note on Monday, February 3rd. Morgan Stanley raised their target price on Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an "equal weight" rating in a research note on Monday, February 3rd. Wolfe Research reissued a "peer perform" rating on shares of Broadridge Financial Solutions in a research note on Thursday, December 12th. JPMorgan Chase & Co. raised their price objective on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Finally, DA Davidson reiterated a "neutral" rating and set a $215.00 target price on shares of Broadridge Financial Solutions in a research report on Tuesday, January 21st. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $241.00.

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Broadridge Financial Solutions Price Performance

BR stock traded down $14.72 during midday trading on Tuesday, reaching $225.19. The company had a trading volume of 740,604 shares, compared to its average volume of 516,868. Broadridge Financial Solutions has a 1-year low of $188.30 and a 1-year high of $247.01. The stock has a 50 day moving average price of $237.48 and a 200-day moving average price of $228.66. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.35. The company has a market capitalization of $26.35 billion, a price-to-earnings ratio of 35.24 and a beta of 1.06.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its earnings results on Friday, January 31st. The business services provider reported $1.56 EPS for the quarter, beating 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 previous year, the firm posted $0.92 earnings per share. Equities research analysts expect that Broadridge Financial Solutions will post 8.53 earnings per share for the current year.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, Director Brett Keller sold 5,442 shares of Broadridge Financial Solutions stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $240.40, for a total transaction of $1,308,256.80. Following the completion of the transaction, the director now owns 15,536 shares in the company, valued at approximately $3,734,854.40. The trade was a 25.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Laura Matlin sold 514 shares of the 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 completion of the sale, the vice president now directly owns 6,602 shares of the company's stock, valued at approximately $1,595,043.20. This trade represents a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 124,754 shares of company stock worth $29,397,793. 1.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Broadridge Financial Solutions

Hedge funds have recently bought and sold shares of the company. Minot DeBlois Advisors LLC bought a new position in shares of Broadridge Financial Solutions during the fourth quarter valued at about $34,000. Fortitude Family Office LLC lifted its position in shares of Broadridge Financial Solutions by 246.7% during the 4th quarter. Fortitude Family Office LLC now owns 156 shares of the business services provider's stock worth $35,000 after buying an additional 111 shares in the last quarter. Gen Wealth Partners Inc purchased a new position in shares of Broadridge Financial Solutions in the 4th quarter worth approximately $36,000. Global X Japan Co. Ltd. purchased a new position in shares of Broadridge Financial Solutions in the 4th quarter worth approximately $41,000. Finally, Curio Wealth LLC bought a new position in shares of Broadridge Financial Solutions in the fourth quarter valued at approximately $45,000. 90.03% of the stock is owned by hedge funds and other 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.