Broadridge Financial Solutions, Inc. (NYSE:BR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Broadridge Financial Solutions, Inc. (NYSE:BR) has been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, 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 1-year price target among brokerages that have covered the stock in the last year is $221.5714.

BR has been the subject of several recent analyst reports. Weiss Ratings lowered shares of Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Royal Bank Of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of Broadridge Financial Solutions in a research note on Monday, June 22nd. Needham & Company LLC lowered 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 report on Friday, May 1st. UBS Group dropped their price target on shares of Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Finally, DA Davidson cut their price target on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th.

Insider Activity

In other news, insider Hope M. Jarkowski sold 1,966 shares of the company’s stock in a transaction that occurred 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 transaction, the insider owned 1 shares of the company’s stock, valued at approximately $155. This represents a 99.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Broadridge Financial Solutions

Several hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank bought a new stake in Broadridge Financial Solutions during the 4th quarter valued at about $346,304,000. Van ECK Associates Corp boosted its position in Broadridge Financial Solutions by 110.6% in the 4th quarter. Van ECK Associates Corp now owns 1,475,283 shares of the business services provider’s stock valued at $329,239,000 after buying an additional 774,747 shares during the period. Pinebridge Investments LLC bought a new position in Broadridge Financial Solutions in the 4th quarter worth about $126,553,000. JPMorgan Chase & Co. grew its stake in Broadridge Financial Solutions by 52.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,403,997 shares of the business services provider’s stock worth $313,330,000 after acquiring an additional 485,297 shares in the last quarter. Finally, Amundi increased its position in shares of Broadridge Financial Solutions by 67.5% during the first quarter. Amundi now owns 1,059,021 shares of the business services provider’s stock worth $172,070,000 after acquiring an additional 426,587 shares during the period. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Price Performance

Shares of Broadridge Financial Solutions stock opened at $149.89 on Monday. The stock has a market cap of $17.34 billion, a price-to-earnings ratio of 16.05 and a beta of 0.89. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a 50 day moving average price of $146.20 and a 200-day moving average price of $169.48. Broadridge Financial Solutions has a one year low of $133.83 and a one year high of $271.91.

Broadridge Financial Solutions (NYSE:BR) 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 return on equity of 40.14% and a net margin of 15.03%.The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the previous year, the company posted $2.44 EPS. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. Equities analysts expect that Broadridge Financial Solutions will post 9.55 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were paid a $0.975 dividend. The ex-dividend date of this dividend was 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 presently 41.76%.

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.