Broadridge Financial Solutions, Inc. (NYSE:BR) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Broadridge Financial Solutions, Inc. (NYSE:BR) have earned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $261.50.

Several equities research analysts recently commented on BR shares. Morgan Stanley increased their price target on Broadridge Financial Solutions from $222.00 to $261.00 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. UBS Group increased their price target on Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a “neutral” rating in a report on Friday, August 8th. Needham & Company LLC increased their price target on Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Finally, Wall Street Zen cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Friday.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey sold 5,674 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $258.37, for a total transaction of $1,465,991.38. Following the completion of the sale, the chief executive officer owned 143,285 shares of the company’s stock, valued at $37,020,545.45. This trade represents a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Christopher John Perry sold 7,036 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $262.72, for a total value of $1,848,497.92. Following the sale, the president directly owned 48,813 shares of the company’s stock, valued at approximately $12,824,151.36. This trade represents a 12.60% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 147,532 shares of company stock valued at $38,417,208. 1.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Broadridge Financial Solutions

A number of institutional investors have recently modified their holdings of BR. Brighton Jones LLC acquired a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at $580,000. Squarepoint Ops LLC grew its stake in shares of Broadridge Financial Solutions by 252.2% in the fourth quarter. Squarepoint Ops LLC now owns 11,070 shares of the business services provider’s stock valued at $2,503,000 after buying an additional 7,927 shares in the last quarter. Vident Advisory LLC grew its stake in shares of Broadridge Financial Solutions by 9.9% in the fourth quarter. Vident Advisory LLC now owns 3,199 shares of the business services provider’s stock valued at $723,000 after buying an additional 287 shares in the last quarter. Woodline Partners LP acquired a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at $2,092,000. Finally, Vise Technologies Inc. acquired a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at $463,000. 90.03% of the stock is owned by institutional investors and hedge funds.

Broadridge Financial Solutions Price Performance

NYSE:BR opened at $237.70 on Tuesday. Broadridge Financial Solutions has a one year low of $208.20 and a one year high of $271.91. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $27.84 billion, a PE ratio of 33.53 and a beta of 0.96. The stock has a 50 day moving average price of $252.39 and a 200 day moving average price of $242.58.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Tuesday, August 5th. The business services provider reported $3.55 EPS for the quarter, beating the consensus estimate of $3.51 by $0.04. Broadridge Financial Solutions had a return on equity of 42.72% and a net margin of 12.19%.The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter last year, the firm earned $3.50 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. Equities research analysts expect that Broadridge Financial Solutions will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a yield of 1.6%. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Thursday, September 11th. Broadridge Financial Solutions’s payout ratio is 55.01%.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry. The company's Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services; and distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions.