Morgan Stanley Increases Broadridge Financial Solutions (NYSE:BR) Price Target to $207.00

Broadridge Financial Solutions (NYSE:BR) had its price target boosted by Morgan Stanley from $200.00 to $207.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have an equal weight rating on the business services provider’s stock.

Several other equities research analysts also recently issued reports on the company. StockNews.com upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. raised their target price on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Finally, Royal Bank of Canada upped their price target on shares of Broadridge Financial Solutions from $239.00 to $246.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $217.83.

Broadridge Financial Solutions Trading Up 0.4 %

Shares of NYSE:BR traded up $0.97 during mid-day trading on Wednesday, reaching $220.43. The stock had a trading volume of 56,277 shares, compared to its average volume of 518,901. The firm has a market cap of $25.77 billion, a PE ratio of 37.43 and a beta of 1.05. The firm has a 50 day simple moving average of $213.86 and a two-hundred day simple moving average of $206.59. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.55. Broadridge Financial Solutions has a twelve month low of $175.21 and a twelve month high of $225.29.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Tuesday, November 5th. The business services provider reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. Broadridge Financial Solutions had a net margin of 10.73% and a return on equity of 42.77%. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the firm posted $1.09 earnings per share. The business’s quarterly revenue was down .6% compared to the same quarter last year. On average, research analysts predict that Broadridge Financial Solutions will post 8.51 EPS for the current fiscal year.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, President Christopher John Perry sold 17,534 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $213.41, for a total transaction of $3,741,930.94. Following the transaction, the president now directly owns 50,237 shares in the company, valued at approximately $10,721,078.17. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, President Christopher John Perry sold 17,534 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $213.41, for a total value of $3,741,930.94. Following the completion of the sale, the president now directly owns 50,237 shares in the company, valued at approximately $10,721,078.17. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Leslie A. Brun sold 5,739 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $210.05, for a total value of $1,205,476.95. Following the transaction, the director now directly owns 77,318 shares in the company, valued at approximately $16,240,645.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 133,713 shares of company stock worth $27,967,456 over the last ninety days. 1.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Broadridge Financial Solutions

Several hedge funds have recently added to or reduced their stakes in the business. NBC Securities Inc. lifted its position in Broadridge Financial Solutions by 0.8% during the third quarter. NBC Securities Inc. now owns 5,951 shares of the business services provider’s stock worth $1,279,000 after acquiring an additional 45 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Broadridge Financial Solutions by 0.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 10,155 shares of the business services provider’s stock worth $2,001,000 after purchasing an additional 50 shares during the last quarter. Garrison Asset Management LLC boosted its stake in Broadridge Financial Solutions by 0.3% in the 2nd quarter. Garrison Asset Management LLC now owns 17,943 shares of the business services provider’s stock valued at $3,535,000 after purchasing an additional 50 shares during the period. TIAA Trust National Association boosted its stake in Broadridge Financial Solutions by 1.0% in the 1st quarter. TIAA Trust National Association now owns 5,469 shares of the business services provider’s stock valued at $1,120,000 after purchasing an additional 52 shares during the period. Finally, Brighton Jones LLC grew its holdings in Broadridge Financial Solutions by 2.5% in the 2nd quarter. Brighton Jones LLC now owns 2,173 shares of the business services provider’s stock valued at $428,000 after buying an additional 52 shares in the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Broadridge Financial Solutions Company Profile

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.