Broadridge Financial Solutions, Inc. (NYSE:BR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

by · The Markets Daily

Shares of Broadridge Financial Solutions, Inc. (NYSE:BR – Get Free Report) have earned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $221.5714.

BR has been the subject of several analyst reports. Needham & Company LLC decreased their target price on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, May 1st. DA Davidson cut their price target on Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Weiss Ratings downgraded Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Royal Bank Of Canada cut their price target on Broadridge Financial Solutions from $245.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Finally, Wall Street Zen downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, February 7th.

View Our Latest Stock Analysis on Broadridge Financial Solutions

Broadridge Financial Solutions Price Performance

NYSE:BR opened at $151.49 on Friday. Broadridge Financial Solutions has a 1-year low of $139.79 and a 1-year high of $271.91. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.97. The firm has a fifty day simple moving average of $154.98 and a 200 day simple moving average of $187.56. The stock has a market capitalization of $17.52 billion, a PE ratio of 16.22 and a beta of 0.88.

Broadridge Financial Solutions (NYSE:BR – Get Free Report) last released its earnings results on Thursday, April 30th. The business services provider reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.09. Broadridge Financial Solutions had a net margin of 15.03% and a return on equity of 40.14%. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same period last year, the business earned $2.44 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. On average, research analysts expect that Broadridge Financial Solutions will post 9.55 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be issued a dividend of $0.975 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $3.90 annualized dividend and a yield of 2.6%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 41.76%.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,966 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $155.00, for a total transaction of $304,730.00. Following the completion of the sale, the insider owned 1 shares of the company’s stock, valued at $155. This trade represents a 99.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is 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. Vanguard Group Inc. lifted its holdings in Broadridge Financial Solutions by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 15,296,040 shares of the business services provider’s stock valued at $3,643,058,000 after purchasing an additional 264,620 shares during the last quarter. State Street Corp boosted its stake in Broadridge Financial Solutions by 6.7% in the 4th quarter. State Street Corp now owns 5,994,841 shares of the business services provider’s stock valued at $1,343,572,000 after purchasing an additional 375,699 shares during the period. Alliancebernstein L.P. boosted its stake in Broadridge Financial Solutions by 692.3% in the 3rd quarter. Alliancebernstein L.P. now owns 3,690,705 shares of the business services provider’s stock valued at $879,015,000 after purchasing an additional 3,224,891 shares during the period. Geode Capital Management LLC boosted its stake in Broadridge Financial Solutions by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 3,354,869 shares of the business services provider’s stock valued at $746,062,000 after purchasing an additional 12,524 shares during the period. Finally, Barclays PLC increased its position in Broadridge Financial Solutions by 1.8% during the 4th quarter. Barclays PLC now owns 2,007,968 shares of the business services provider’s stock worth $448,118,000 after buying an additional 35,169 shares during the period. Institutional investors and hedge funds own 90.03% of the company’s stock.

Broadridge Financial Solutions Company Profile

(Get Free Report)

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.

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