Analysts Set Broadridge Financial Solutions, Inc. (NYSE:BR) Price Target at $213.71

Broadridge Financial Solutions, Inc. (NYSE:BR) has been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $215.8571.

Several analysts have weighed in on the company. DA Davidson lowered their price objective on Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Needham & Company LLC cut their target price on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, May 1st. UBS Group reaffirmed a “neutral” rating and issued a $180.00 target price on shares of Broadridge Financial Solutions in a research note on Monday. Royal Bank Of Canada upped their price target on shares of Broadridge Financial Solutions from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research report on Friday, August 7th.

Insider Activity at Broadridge Financial Solutions

In other news, insider Hope M. Jarkowski sold 1,966 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $155.00, for a total transaction of $304,730.00. Following the completion of the sale, the insider directly owned 1 shares in the company, valued at approximately $155. This represents a 99.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BR. Brighton Jones LLC purchased a new position in shares of Broadridge Financial Solutions during the fourth quarter valued at approximately $580,000. Empowered Funds LLC lifted its stake in Broadridge Financial Solutions by 41.5% in the first quarter. Empowered Funds LLC now owns 3,957 shares of the business services provider’s stock worth $959,000 after acquiring an additional 1,160 shares during the period. Woodline Partners LP boosted its holdings in Broadridge Financial Solutions by 6.9% in the first quarter. Woodline Partners LP now owns 9,886 shares of the business services provider’s stock valued at $2,397,000 after acquiring an additional 635 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Broadridge Financial Solutions by 480.8% in the first quarter. Acadian Asset Management LLC now owns 2,544 shares of the business services provider’s stock valued at $616,000 after acquiring an additional 2,106 shares in the last quarter. Finally, Cerity Partners LLC increased its position in Broadridge Financial Solutions by 8.5% during the 2nd quarter. Cerity Partners LLC now owns 25,523 shares of the business services provider’s stock valued at $6,203,000 after purchasing an additional 2,004 shares during the period. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Up 1.4%

BR opened at $170.12 on Friday. The company has a market cap of $19.40 billion, a P/E ratio of 17.68 and a beta of 0.87. The business’s 50-day moving average price is $150.70 and its 200-day moving average price is $160.66. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.15. Broadridge Financial Solutions has a 12 month low of $133.83 and a 12 month high of $265.37.

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

Broadridge Financial Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Thursday, September 3rd will be paid a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 2.6%. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Thursday, September 3rd. Broadridge Financial Solutions’s payout ratio is currently 40.54%.

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.