Broadridge Financial Solutions’ (BR) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Broadridge Financial Solutions (NYSE:BR) in a research note released on Monday,Benzinga reports. Needham & Company LLC currently has a $255.00 price objective on the business services provider’s stock.

BR has been the topic of a number of other reports. DA Davidson reiterated a “buy” rating and issued a $228.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, February 10th. JPMorgan Chase & Co. cut their price objective on Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Wall Street Zen lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Weiss Ratings lowered Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 6th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $257.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, February 3rd. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $247.71.

Broadridge Financial Solutions Price Performance

BR opened at $161.22 on Monday. The stock’s 50 day simple moving average is $176.77 and its 200 day simple moving average is $208.96. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.97 and a quick ratio of 0.97. Broadridge Financial Solutions has a 1 year low of $155.54 and a 1 year high of $271.91. The firm has a market cap of $18.82 billion, a price-to-earnings ratio of 17.85 and a beta of 1.01.

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

Broadridge Financial Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Monday, March 16th were paid a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, March 16th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 43.19%.

Insider Buying and Selling

In other news, CEO Timothy C. Gokey bought 5,300 shares of the stock in a transaction dated Friday, March 6th. The stock was bought at an average price of $194.49 per share, for a total transaction of $1,030,797.00. Following the purchase, the chief executive officer directly owned 142,876 shares in the company, valued at $27,787,953.24. This trade represents a 3.85% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert N. Duelks sold 253 shares of the firm’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 value of $48,727.80. Following the completion of the transaction, the director owned 20,815 shares of the company’s stock, valued at approximately $4,008,969. The trade was a 1.20% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Rockefeller Capital Management L.P. lifted its stake in shares of Broadridge Financial Solutions by 1.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 34,393 shares of the business services provider’s stock valued at $7,676,000 after purchasing an additional 524 shares during the period. World Investment Advisors lifted its stake in shares of Broadridge Financial Solutions by 115.2% in the 4th quarter. World Investment Advisors now owns 5,098 shares of the business services provider’s stock valued at $1,138,000 after purchasing an additional 2,729 shares during the period. Corient Private Wealth LLC lifted its stake in shares of Broadridge Financial Solutions by 2.4% in the 4th quarter. Corient Private Wealth LLC now owns 466,796 shares of the business services provider’s stock valued at $104,512,000 after purchasing an additional 11,012 shares during the period. Union Savings Bank purchased a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at approximately $138,000. Finally, Pure Financial Advisors LLC purchased a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at approximately $206,000. 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.