Broadridge Financial Solutions (NYSE:BR) Price Target Raised to $225.00

Broadridge Financial Solutions (NYSE:BR) had its target price increased by Royal Bank Of Canada from $200.00 to $225.00 in a report published on Wednesday morning,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the business services provider’s stock.

Several other research analysts have also recently weighed in on the stock. Needham & Company LLC decreased 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 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 on the stock in a research note on Monday, May 4th. Weiss Ratings lowered Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Finally, DA Davidson cut their target price on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a report 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. According to MarketBeat.com, Broadridge Financial Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $213.71.

Broadridge Financial Solutions Trading Up 1.0%

NYSE:BR opened at $166.47 on Wednesday. Broadridge Financial Solutions has a 12 month low of $133.83 and a 12 month high of $268.17. The firm has a fifty day simple moving average of $148.26 and a two-hundred day simple moving average of $162.88. The company has a current ratio of 1.24, a quick ratio of 0.94 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $18.98 billion, a price-to-earnings ratio of 17.30 and a beta of 0.87.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.76 by $0.06. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.17 billion. Broadridge Financial Solutions had a return on equity of 40.25% and a net margin of 15.04%.Broadridge Financial Solutions’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.55 earnings per share. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. Analysts expect that Broadridge Financial Solutions will post 10.53 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Thursday, September 3rd will be issued a $1.09 dividend. This represents a $4.36 annualized dividend and a 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 dividend payout ratio is 40.54%.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,966 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $155.00, for a total transaction of $304,730.00. Following the transaction, the insider directly owned 1 shares of the company’s stock, valued at approximately $155. This trade represents a 99.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Broadridge Financial Solutions

Institutional investors have recently bought and sold shares of the company. Reflection Asset Management purchased a new stake in Broadridge Financial Solutions during the 4th quarter worth about $25,000. Nemes Rush Group LLC acquired a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at about $27,000. Prosperity Bancshares Inc acquired a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at approximately $28,000. Bell Investment Advisors Inc bought a new stake in shares of Broadridge Financial Solutions during the second quarter valued at about $29,000. Finally, WPG Advisers LLC raised its position in Broadridge Financial Solutions by 77.5% in the fourth quarter. WPG Advisers LLC now owns 142 shares of the business services provider’s stock worth $32,000 after acquiring an additional 62 shares in the last quarter. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

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.