Broadridge Financial Solutions (NYSE:BR) Price Target Raised to $176.00

Broadridge Financial Solutions (NYSE:BR) had its target price boosted by Morgan Stanley from $169.00 to $176.00 in a research report released on Thursday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the business services provider’s stock.

A number of other equities research analysts have also recently issued reports on BR. Needham & Company LLC decreased their target price on Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Weiss Ratings lowered shares of Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Royal Bank Of Canada boosted their price objective on shares of Broadridge Financial Solutions from $200.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday. UBS Group decreased their price objective on shares of Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Finally, DA Davidson lowered their target price on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Four equities research 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 stock has a consensus rating of “Moderate Buy” and an average target price of $213.71.

Broadridge Financial Solutions Price Performance

NYSE BR opened at $166.47 on Thursday. The company has a quick ratio of 0.94, a current ratio of 1.24 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $18.98 billion, a PE ratio of 17.30 and a beta of 0.87. The company has a 50 day moving average price of $148.26 and a two-hundred day moving average price of $162.88. Broadridge Financial Solutions has a 12-month low of $133.83 and a 12-month high of $268.17.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.76 by $0.06. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.17 billion. Broadridge Financial Solutions had a return on equity of 40.25% and a net margin of 15.04%.The firm’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.55 EPS. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. As a group, equities analysts predict that Broadridge Financial Solutions will post 10.54 earnings per share for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Thursday, September 3rd will be issued a $1.09 dividend. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $4.36 dividend on an annualized basis and a yield of 2.6%. Broadridge Financial Solutions’s payout ratio is 45.32%.

Insider Buying and Selling

In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $155.00, for a total value of $304,730.00. Following the transaction, the insider directly owned 1 shares of the company’s stock, valued at $155. The trade was a 99.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Broadridge Financial Solutions

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in Broadridge Financial Solutions during the second quarter valued at about $1,473,918,000. Norges Bank acquired a new position in Broadridge Financial Solutions in the 4th quarter valued at approximately $346,304,000. Van ECK Associates Corp lifted its position in shares of Broadridge Financial Solutions by 110.6% in the 4th quarter. Van ECK Associates Corp now owns 1,475,283 shares of the business services provider’s stock worth $329,239,000 after acquiring an additional 774,747 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Broadridge Financial Solutions during the 2nd quarter worth approximately $101,738,000. Finally, Deutsche Bank AG acquired a new stake in shares of Broadridge Financial Solutions during the 2nd quarter worth approximately $84,546,000. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Company Profile

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.