Broadridge Financial Solutions (NYSE:BR) Price Target Raised to $226.00

Broadridge Financial Solutions (NYSE:BR) had its price objective raised by Royal Bank Of Canada from $225.00 to $226.00 in a report issued on Monday morning,Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

Other research analysts have also issued reports about the stock. UBS Group reaffirmed a “neutral” rating and issued a $180.00 price target on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Morgan Stanley increased their price objective on shares of Broadridge Financial Solutions from $169.00 to $176.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Broadridge Financial Solutions in a report on Friday, August 7th. Finally, DA Davidson decreased their target price on Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $216.00.

Broadridge Financial Solutions Stock Performance

BR stock opened at $178.30 on Monday. The stock’s 50 day simple moving average is $159.61 and its 200 day simple moving average is $160.39. Broadridge Financial Solutions has a 12-month low of $133.83 and a 12-month high of $255.74. The firm has a market cap of $20.33 billion, a P/E ratio of 18.53 and a beta of 0.90. 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 (NYSE:BR) last released its quarterly earnings data on Tuesday, August 4th. The business services provider reported $3.82 EPS for the quarter, topping analysts’ consensus estimates of $3.76 by $0.06. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the previous year, the company posted $3.55 earnings per share. The firm’s revenue 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. As a group, equities research analysts predict that Broadridge Financial Solutions will post 10.54 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Thursday, September 3rd will be given a dividend of $1.09 per share. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. This represents a $4.36 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Thursday, September 3rd. Broadridge Financial Solutions’s payout ratio is currently 40.54%.

Institutional Trading of Broadridge Financial Solutions

Several hedge funds have recently bought and sold shares of BR. Reflection Asset Management bought a new position in Broadridge Financial Solutions in the 4th quarter worth about $25,000. Nemes Rush Group LLC bought a new stake in shares of Broadridge Financial Solutions during the fourth quarter valued at approximately $27,000. Markowski Investments bought a new stake in shares of Broadridge Financial Solutions during the second quarter valued at approximately $27,000. Prosperity Bancshares Inc acquired a new position in shares of Broadridge Financial Solutions during the fourth quarter worth approximately $28,000. Finally, Bell Investment Advisors Inc acquired a new position in shares of Broadridge Financial Solutions during the second quarter worth approximately $29,000. 90.03% of the stock is currently owned by institutional investors.

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.