Analysts Set Broadridge Financial Solutions, Inc. (NYSE:BR) Target Price at $221.57

Broadridge Financial Solutions, Inc. (NYSE:BR) has been assigned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $221.5714.

Several analysts recently commented on BR shares. UBS Group cut 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 report on Monday, May 4th. Weiss Ratings downgraded shares of Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. 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. Needham & Company LLC reduced their price target on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of Broadridge Financial Solutions in a report on Monday, June 22nd.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, insider Hope M. Jarkowski sold 1,966 shares of the company’s stock in a transaction 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 directly owned 1 shares of the company’s stock, valued at $155. This represents a 99.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Broadridge Financial Solutions

Several large investors have recently bought and sold shares of BR. Alliancebernstein L.P. boosted its holdings in shares of Broadridge Financial Solutions by 692.3% during the 3rd quarter. Alliancebernstein L.P. now owns 3,690,705 shares of the business services provider’s stock valued at $879,015,000 after acquiring an additional 3,224,891 shares during the last quarter. Norges Bank bought a new stake in shares of Broadridge Financial Solutions in the fourth quarter worth approximately $346,304,000. Van ECK Associates Corp raised its holdings in shares of Broadridge Financial Solutions by 110.6% during the fourth quarter. Van ECK Associates Corp now owns 1,475,283 shares of the business services provider’s stock valued at $329,239,000 after purchasing an additional 774,747 shares during the last quarter. Pinebridge Investments LLC bought a new position in Broadridge Financial Solutions during the fourth quarter valued at approximately $126,553,000. Finally, JPMorgan Chase & Co. lifted its position in Broadridge Financial Solutions by 52.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,403,997 shares of the business services provider’s stock valued at $313,330,000 after purchasing an additional 485,297 shares during the period. 90.03% of the stock is currently owned by institutional investors.

Broadridge Financial Solutions Trading Up 2.9%

NYSE:BR opened at $140.93 on Thursday. Broadridge Financial Solutions has a one year low of $133.83 and a one year high of $271.91. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.94 and a quick ratio of 0.94. The company’s 50-day simple moving average is $148.21 and its 200 day simple moving average is $176.27. The firm has a market capitalization of $16.30 billion, a P/E ratio of 15.09 and a beta of 0.89.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Thursday, April 30th. The business services provider reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.63 by $0.09. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.90 billion. Broadridge Financial Solutions had a net margin of 15.03% and a return on equity of 40.14%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.44 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. As a group, analysts forecast that Broadridge Financial Solutions will post 9.55 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be issued a $0.975 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.8%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 41.76%.

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.