Broadridge Financial Solutions, Inc. (BR) – What Are Analysts Thinking About This Stock?

Shares of Broadridge Financial Solutions, Inc. (NYSE:BR) have been given an average rating of “Moderate Buy” by the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $216.00.

A number of brokerages have weighed in on BR. Morgan Stanley boosted their price objective on Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. Royal Bank Of Canada raised their target price on shares of Broadridge Financial Solutions from $225.00 to $226.00 and gave the stock an “outperform” rating in a research report on Monday, August 31st. UBS Group reaffirmed a “neutral” rating and issued a $180.00 target price on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Finally, Weiss Ratings upgraded shares of Broadridge Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday.

Broadridge Financial Solutions Stock Performance

Shares of BR stock opened at $165.26 on Friday. The stock’s 50-day moving average is $169.54 and its two-hundred day moving average is $157.64. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.24 and a current ratio of 1.24. Broadridge Financial Solutions has a 1 year low of $133.83 and a 1 year high of $236.02. The firm has a market cap of $18.66 billion, a price-to-earnings ratio of 17.18 and a beta of 0.92.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share for the quarter, beating the consensus estimate of $3.76 by $0.06. The business 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 business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business earned $3.55 EPS. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. Analysts predict that Broadridge Financial Solutions will post 10.54 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 5th. Shareholders of record on Thursday, September 3rd were paid a $1.09 dividend. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.9750. This represents a $4.36 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Thursday, September 3rd. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 45.32%.

Insider Activity at Broadridge Financial Solutions

In other news, VP Thomas Carey sold 2,501 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $159.76, for a total transaction of $399,559.76. Following the completion of the sale, the vice president owned 8,800 shares in the company, valued at approximately $1,405,888. This represents a 22.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.00% of the company’s stock.

Institutional Trading of Broadridge Financial Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Reflection Asset Management purchased a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at approximately $25,000. Security National Bank of SO Dak purchased a new stake in shares of Broadridge Financial Solutions during the second quarter worth approximately $26,000. Nemes Rush Group LLC purchased a new stake in shares of Broadridge Financial Solutions during the fourth quarter worth approximately $27,000. Markowski Investments acquired a new stake in shares of Broadridge Financial Solutions during the second quarter worth $27,000. Finally, Valley Wealth Managers Inc. lifted its holdings in shares of Broadridge Financial Solutions by 230.8% during the third quarter. Valley Wealth Managers Inc. now owns 172 shares of the business services provider’s stock worth $28,000 after purchasing an additional 120 shares during the period. 90.03% of the stock is owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc is a financial technology and services company that provides communications, technology and data solutions to financial institutions, public companies and other organizations. Its platforms support critical business processes across investor communications, capital markets, wealth management and corporate governance.

The company’s services include proxy and regulatory communications, shareholder and customer communications, securities processing, trading and operations technology, portfolio and wealth management tools, and governance solutions.