Broadridge Financial Solutions, Inc. (BR) Given Hold Rating at DA Davidson

DA Davidson reiterated their hold rating on shares of Broadridge Financial Solutions, Inc. (NYSE:BR) in a report published on Thursday morning. The brokerage currently has a $86.00 target price on the business services provider’s stock. DA Davidson also issued estimates for Broadridge Financial Solutions’ Q2 2018 earnings at $0.64 EPS, FY2018 earnings at $3.74 EPS, Q1 2019 earnings at $0.55 EPS, Q2 2019 earnings at $0.58 EPS and FY2019 earnings at $4.04 EPS.

Several other equities analysts have also recently weighed in on the company. BidaskClub raised Broadridge Financial Solutions from a sell rating to a hold rating in a report on Tuesday, August 22nd. Barclays PLC increased their price target on Broadridge Financial Solutions from $72.00 to $74.00 and gave the company an equal weight rating in a report on Friday, August 11th.

Broadridge Financial Solutions (NYSE:BR) traded up $0.62 during midday trading on Thursday, hitting $88.45. The stock had a trading volume of 638,400 shares, compared to its average volume of 452,397. The company has a market cap of $10,310.00, a PE ratio of 26.56, a price-to-earnings-growth ratio of 2.38 and a beta of 0.99. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.70 and a quick ratio of 1.70. Broadridge Financial Solutions has a 12-month low of $60.25 and a 12-month high of $91.75.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.12. The firm had revenue of $925.00 million for the quarter, compared to analysts’ expectations of $923.68 million. Broadridge Financial Solutions had a return on equity of 40.17% and a net margin of 8.22%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.36 EPS. analysts expect that Broadridge Financial Solutions will post 3.72 EPS for the current fiscal year.

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In other news, Director Stuart R. Levine sold 7,868 shares of the company’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $76.58, for a total value of $602,531.44. Following the completion of the sale, the director now directly owns 39,747 shares in the company, valued at approximately $3,043,825.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard J. Daly sold 94,039 shares of the company’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $81.95, for a total value of $7,706,496.05. The disclosure for this sale can be found here. Insiders sold a total of 119,720 shares of company stock valued at $9,679,916 over the last 90 days. 2.60% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of BR. Janus Henderson Group PLC increased its stake in shares of Broadridge Financial Solutions by 1,647.4% in the 2nd quarter. Janus Henderson Group PLC now owns 7,181,963 shares of the business services provider’s stock worth $542,669,000 after purchasing an additional 6,770,958 shares in the last quarter. Jensen Investment Management Inc. purchased a new stake in Broadridge Financial Solutions in the 2nd quarter worth $77,899,000. Principal Financial Group Inc. increased its stake in Broadridge Financial Solutions by 91.9% in the 2nd quarter. Principal Financial Group Inc. now owns 1,408,096 shares of the business services provider’s stock worth $106,396,000 after buying an additional 674,307 shares in the last quarter. Alta Capital Management LLC increased its stake in Broadridge Financial Solutions by 133.0% in the 3rd quarter. Alta Capital Management LLC now owns 454,536 shares of the business services provider’s stock worth $36,735,000 after buying an additional 259,450 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in Broadridge Financial Solutions by 33.4% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 508,974 shares of the business services provider’s stock worth $38,458,000 after buying an additional 127,434 shares in the last quarter. Hedge funds and other institutional investors own 83.07% 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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