Brokerages Set Broadridge Financial Solutions, Inc. (NYSE:BR) PT at $221.57

Broadridge Financial Solutions, Inc. (NYSE:BR) has been given an average rating of “Moderate Buy” by the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $221.5714.

Several brokerages have recently commented on BR. Weiss Ratings cut shares of Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday. JPMorgan Chase & Co. reduced their price target on shares of Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Royal Bank Of Canada reduced their price target on shares of Broadridge Financial Solutions from $245.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Needham & Company LLC reduced their price target on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Finally, UBS Group dropped their price objective on shares of Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th.

Broadridge Financial Solutions Stock Performance

Shares of BR stock opened at $149.53 on Wednesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.94 and a current ratio of 0.94. Broadridge Financial Solutions has a one year low of $146.63 and a one year high of $271.91. The company’s 50-day simple moving average is $165.81 and its 200-day simple moving average is $196.67. The stock has a market capitalization of $17.30 billion, a price-to-earnings ratio of 16.01 and a beta of 0.89.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Thursday, April 30th. The business services provider reported $2.72 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter last year, the company posted $2.44 earnings per share. The company’s quarterly revenue 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 anticipate that Broadridge Financial Solutions will post 9.55 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Monday, March 16th were paid a dividend of $0.975 per share. The ex-dividend date was Monday, March 16th. This represents a $3.90 annualized dividend and a yield of 2.6%. Broadridge Financial Solutions’s dividend payout ratio is 41.76%.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey acquired 5,300 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were purchased at an average price of $194.49 per share, for a total transaction of $1,030,797.00. Following the completion of the purchase, the chief executive officer directly owned 142,876 shares in the company, valued at $27,787,953.24. The trade was a 3.85% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Broadridge Financial Solutions

Several institutional investors and hedge funds have recently bought and sold shares of the business. Westpac Banking Corp raised its stake in Broadridge Financial Solutions by 173.1% during the first quarter. Westpac Banking Corp now owns 31,062 shares of the business services provider’s stock worth $5,047,000 after acquiring an additional 19,690 shares during the period. Danica Pension Livsforsikringsaktieselskab acquired a new stake in Broadridge Financial Solutions during the first quarter worth about $6,586,000. ABN Amro Investment Solutions raised its stake in Broadridge Financial Solutions by 9.6% during the first quarter. ABN Amro Investment Solutions now owns 6,789 shares of the business services provider’s stock worth $1,103,000 after acquiring an additional 596 shares during the period. PNC Financial Services Group Inc. raised its stake in Broadridge Financial Solutions by 13.4% during the first quarter. PNC Financial Services Group Inc. now owns 55,697 shares of the business services provider’s stock worth $9,050,000 after acquiring an additional 6,602 shares during the period. Finally, Oslo Pensjonsforsikring AS acquired a new stake in Broadridge Financial Solutions during the first quarter worth about $339,000. Institutional investors and hedge funds own 90.03% of the company’s stock.

About Broadridge Financial Solutions

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.