Broadridge Financial Solutions, Inc. (NYSE:BR) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Broadridge Financial Solutions, Inc. (NYSE:BR) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $216.00.

Several research analysts recently issued reports on the company. Morgan Stanley upped their target price on Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. UBS Group reissued a “neutral” rating and issued a $180.00 price target on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research note on Friday, August 7th. Finally, Royal Bank Of Canada upped their price objective on shares of Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an “outperform” rating in a report on Monday, August 31st.

Institutional Investors Weigh In On Broadridge Financial Solutions

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tidal Investments LLC raised its stake in Broadridge Financial Solutions by 98.7% in the 2nd quarter. Tidal Investments LLC now owns 104,615 shares of the business services provider’s stock worth $14,327,000 after acquiring an additional 51,975 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its stake in Broadridge Financial Solutions by 32.6% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,011 shares of the business services provider’s stock valued at $275,000 after purchasing an additional 494 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Broadridge Financial Solutions by 1.2% in the second quarter. NewEdge Advisors LLC now owns 15,192 shares of the business services provider’s stock valued at $2,081,000 after purchasing an additional 180 shares during the period. IFP Advisors Inc increased its holdings in shares of Broadridge Financial Solutions by 11.8% in the second quarter. IFP Advisors Inc now owns 2,107 shares of the business services provider’s stock valued at $289,000 after purchasing an additional 222 shares during the period. Finally, Squarepoint Ops LLC raised its stake in shares of Broadridge Financial Solutions by 97.7% in the second quarter. Squarepoint Ops LLC now owns 139,172 shares of the business services provider’s stock worth $19,060,000 after purchasing an additional 68,762 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Broadridge Financial Solutions Trading Up 3.9%

NYSE:BR opened at $174.35 on Tuesday. The stock has a market capitalization of $19.88 billion, a price-to-earnings ratio of 18.12 and a beta of 0.90. Broadridge Financial Solutions has a 52 week low of $133.83 and a 52 week high of $253.36. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.15. The firm has a 50 day moving average of $164.61 and a 200 day moving average of $160.15.

Broadridge Financial Solutions (NYSE:BR) last released 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. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period in the previous year, the company earned $3.55 earnings per share. The business’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. As a group, sell-side analysts anticipate that Broadridge Financial Solutions will post 10.54 earnings per share for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Thursday, September 3rd will be paid a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Thursday, September 3rd. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 45.32%.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc (NYSE:BR) is a global financial technology company that provides technology, communications and data solutions to financial services firms, public companies and other organizations. Its services support critical business processes across the financial markets, including investor communications, securities processing, capital markets operations and wealth management.

The company’s offerings include proxy and regulatory communications, shareholder communications, trading and operations platforms, portfolio and order management tools, and technology for banks, broker-dealers, asset managers and wealth managers.