Broadridge Financial Solutions (NYSE:BR) Stock Price Down 5.8% – Here’s Why

Broadridge Financial Solutions, Inc. (NYSE:BR)’s stock price dropped 5.8% on Tuesday . The company traded as low as $160.53 and last traded at $160.8850. 532,757 shares were traded during mid-day trading, a decline of 62% from the average session volume of 1,401,101 shares. The stock had previously closed at $170.84.

Analysts Set New Price Targets

A number of research firms recently commented on BR. Wall Street Zen lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Needham & Company LLC decreased their price target on Broadridge Financial Solutions from $305.00 to $255.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. Raymond James Financial reiterated an “outperform” rating and set a $257.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. dropped their price objective on Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $228.00 price objective on shares of Broadridge Financial Solutions in a research note on Tuesday, February 10th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $247.71.

Broadridge Financial Solutions Stock Up 1.2%

The stock has a fifty day moving average of $186.83 and a 200-day moving average of $215.12. The firm has a market capitalization of $19.30 billion, a price-to-earnings ratio of 18.34 and a beta of 0.98. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.93.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Tuesday, February 3rd. The business services provider reported $1.59 EPS for the quarter, beating the consensus estimate of $1.34 by $0.25. Broadridge Financial Solutions had a return on equity of 40.70% and a net margin of 14.86%.The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the business posted $1.56 earnings per share. Broadridge Financial Solutions’s revenue was up 7.9% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2026 guidance at 9.320-9.580 EPS. As a group, sell-side analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Monday, March 16th will be paid a dividend of $0.975 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.90 dividend on an annualized basis and a yield of 2.4%. Broadridge Financial Solutions’s dividend payout ratio is currently 43.19%.

Insider Activity

In other news, CEO Timothy C. Gokey bought 5,300 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were acquired at an average cost of $194.49 per share, with a total value of $1,030,797.00. Following the completion of the transaction, the chief executive officer directly owned 142,876 shares in the company, valued at approximately $27,787,953.24. The trade was a 3.85% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert N. Duelks sold 253 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $192.60, for a total transaction of $48,727.80. Following the sale, the director owned 20,815 shares in the company, valued at $4,008,969. This represents a 1.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Broadridge Financial Solutions

A number of hedge funds have recently modified their holdings of the business. Alliancebernstein L.P. raised its position in Broadridge Financial Solutions by 692.3% during the third quarter. Alliancebernstein L.P. now owns 3,690,705 shares of the business services provider’s stock valued at $879,015,000 after buying an additional 3,224,891 shares during the period. Norges Bank acquired a new stake in Broadridge Financial Solutions during the 4th quarter worth about $346,304,000. Van ECK Associates Corp grew its stake in Broadridge Financial Solutions by 110.6% during the 4th quarter. Van ECK Associates Corp now owns 1,475,283 shares of the business services provider’s stock valued at $329,239,000 after acquiring an additional 774,747 shares in the last quarter. Pinebridge Investments LLC purchased a new position in Broadridge Financial Solutions during the 4th quarter valued at about $126,553,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Broadridge Financial Solutions by 52.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,403,997 shares of the business services provider’s stock valued at $313,330,000 after purchasing an additional 485,297 shares during the period. Hedge funds and other institutional investors own 90.03% of the company’s stock.

About Broadridge Financial Solutions

Broadridge Financial Solutions is a global fintech company that provides technology-driven solutions and outsourcing services to the financial services industry. The firm’s core offerings center on investor communications, securities processing and post-trade services, and technology platforms that support capital markets and wealth management operations. Broadridge positions itself as a provider of mission-critical infrastructure that helps financial institutions manage regulatory requirements, investor engagement and operational complexity.

Products and services include proxy and shareholder communications, investor disclosure and digital communications, proxy voting and tabulation, clearing and settlement support, trade processing and reconciliation, and a range of software-as-a-service platforms for wealth and asset managers.