Broadridge Financial Solutions (NYSE:BR) had its price target boosted by Raymond James from $125.00 to $127.00 in a research report sent to investors on Monday morning, BenzingaRatingsTable reports. The firm currently has an outperform rating on the business services provider’s stock.

A number of other brokerages also recently weighed in on BR. ValuEngine upgraded shares of Broadridge Financial Solutions from a hold rating to a buy rating in a research report on Friday. Zacks Investment Research upgraded shares of Broadridge Financial Solutions from a hold rating to a buy rating and set a $131.00 price target on the stock in a research report on Friday, May 10th. SunTrust Banks increased their price target on shares of Broadridge Financial Solutions to $130.00 and gave the company a buy rating in a research report on Wednesday, May 8th. Finally, DA Davidson downgraded shares of Broadridge Financial Solutions from a buy rating to a neutral rating and set a $128.00 price target on the stock. in a research report on Wednesday, May 8th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $126.00.

Broadridge Financial Solutions stock opened at $122.16 on Monday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.70 and a current ratio of 1.70. Broadridge Financial Solutions has a 1 year low of $91.34 and a 1 year high of $138.24. The stock has a market cap of $14.13 billion, a price-to-earnings ratio of 29.16, a price-to-earnings-growth ratio of 2.61 and a beta of 0.88.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Tuesday, May 7th. The business services provider reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.10. Broadridge Financial Solutions had a net margin of 11.31% and a return on equity of 48.71%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the company posted $1.00 EPS. The company’s revenue was up 14.3% compared to the same quarter last year. On average, analysts forecast that Broadridge Financial Solutions will post 4.65 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Friday, June 14th will be given a $0.485 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.59%. Broadridge Financial Solutions’s dividend payout ratio is 46.30%.

In related news, SVP Robert Schifellite sold 37,818 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $122.77, for a total transaction of $4,642,915.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan J. Weber sold 1,980 shares of the stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $100.36, for a total value of $198,712.80. Following the sale, the director now directly owns 51,588 shares of the company’s stock, valued at $5,177,371.68. The disclosure for this sale can be found here. Insiders sold a total of 58,055 shares of company stock worth $7,047,889 over the last quarter. 2.30% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Investment Management of Virginia LLC grew its stake in shares of Broadridge Financial Solutions by 0.8% during the 1st quarter. Investment Management of Virginia LLC now owns 11,977 shares of the business services provider’s stock worth $1,242,000 after acquiring an additional 90 shares in the last quarter. Securian Asset Management Inc grew its stake in shares of Broadridge Financial Solutions by 0.8% during the 4th quarter. Securian Asset Management Inc now owns 12,131 shares of the business services provider’s stock worth $1,168,000 after acquiring an additional 100 shares in the last quarter. Northwest Investment Counselors LLC grew its stake in shares of Broadridge Financial Solutions by 0.9% during the 4th quarter. Northwest Investment Counselors LLC now owns 11,791 shares of the business services provider’s stock worth $1,135,000 after acquiring an additional 107 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in shares of Broadridge Financial Solutions by 0.9% during the 4th quarter. Coldstream Capital Management Inc. now owns 12,230 shares of the business services provider’s stock worth $1,177,000 after acquiring an additional 111 shares in the last quarter. Finally, Eukles Asset Management grew its stake in shares of Broadridge Financial Solutions by 4.6% during the 1st quarter. Eukles Asset Management now owns 2,617 shares of the business services provider’s stock worth $271,000 after acquiring an additional 115 shares in the last quarter. 84.80% of the stock is owned by institutional investors and hedge funds.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry worldwide. 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 offers ProxyEdge, an electronic proxy delivery and voting solution.

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Analyst Recommendations for Broadridge Financial Solutions (NYSE:BR)

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