Broadridge Financial Solutions (NYSE:BR)‘s stock had its “hold” rating reaffirmed by equities research analysts at DA Davidson in a note issued to investors on Thursday, November 9th. They currently have a $86.00 target price on the business services provider’s stock. DA Davidson’s price objective indicates a potential downside of 4.67% from the stock’s previous close. 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 brokerages also recently commented on BR. Barclays raised their price target on shares of Broadridge Financial Solutions from $72.00 to $74.00 and gave the company an “equal weight” rating in a report on Friday, August 11th. BidaskClub raised shares of Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd.
Broadridge Financial Solutions (NYSE:BR) traded up $1.17 on Thursday, reaching $90.21. 559,386 shares of the company traded hands, compared to its average volume of 459,699. The company has a market cap of $10,412.80, a P/E ratio of 26.83, a PEG ratio of 2.40 and a beta of 0.99. Broadridge Financial Solutions has a 52 week low of $63.28 and a 52 week high of $91.75. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.70 and a current ratio of 1.70.
In other news, insider Richard J. Daly sold 94,039 shares of the firm’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $81.95, for a total transaction of $7,706,496.05. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.60% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Advisory Services Network LLC grew its holdings in Broadridge Financial Solutions by 82.8% in the 2nd quarter. Advisory Services Network LLC now owns 1,559 shares of the business services provider’s stock worth $118,000 after acquiring an additional 706 shares during the last quarter. Wendell David Associates Inc. grew its holdings in Broadridge Financial Solutions by 9.3% in the 3rd quarter. Wendell David Associates Inc. now owns 71,316 shares of the business services provider’s stock worth $5,764,000 after acquiring an additional 6,043 shares during the last quarter. Janus Henderson Group PLC grew its holdings in 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 acquiring an additional 6,770,958 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Broadridge Financial Solutions in the 2nd quarter worth $296,000. Finally, Tredje AP fonden grew its holdings in Broadridge Financial Solutions by 15.2% in the 2nd quarter. Tredje AP fonden now owns 30,180 shares of the business services provider’s stock worth $2,290,000 after acquiring an additional 3,990 shares during the last quarter. Institutional investors own 83.52% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Broadridge Financial Solutions (BR) Earns Hold Rating from DA Davidson” was posted by BBNS and is owned by of BBNS. If you are reading this piece on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark legislation. The legal version of this piece can be viewed at https://baseballnewssource.com/markets/broadridge-financial-solutions-inc-br-given-hold-rating-at-da-davidson/1770913.html.
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.
Receive News & Ratings for Broadridge Financial Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadridge Financial Solutions Inc. and related companies with our FREE daily email newsletter.