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

Broadridge Financial Solutions, Inc. (NYSE:BR) has received an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $216.00.

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

Broadridge Financial Solutions Stock Up 1.1%

Shares of NYSE:BR opened at $160.36 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.15. The firm has a market cap of $18.10 billion, a price-to-earnings ratio of 16.67 and a beta of 0.92. The stock’s 50-day moving average price is $169.11 and its two-hundred day moving average price is $157.66. Broadridge Financial Solutions has a 12-month low of $133.83 and a 12-month high of $237.98.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Tuesday, August 4th. The business services provider reported $3.82 EPS for the quarter, beating analysts’ consensus estimates of $3.76 by $0.06. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.17 billion. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. The company’s quarterly 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 EPS. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. On average, research analysts forecast that Broadridge Financial Solutions will post 10.54 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 5th. Investors of record on Thursday, September 3rd were given a $1.09 dividend. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.9750. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $4.36 annualized dividend and a dividend yield of 2.7%. Broadridge Financial Solutions’s dividend payout ratio is 45.32%.

Insiders Place Their Bets

In related news, VP Thomas Carey sold 2,501 shares of Broadridge Financial Solutions stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $159.76, for a total value of $399,559.76. Following the transaction, the vice president owned 8,800 shares in the company, valued at approximately $1,405,888. This trade represents a 22.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Broadridge Financial Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. raised its position in shares of Broadridge Financial Solutions by 218.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 14,970 shares of the business services provider’s stock valued at $2,050,000 after acquiring an additional 10,266 shares in the last quarter. Strs Ohio lifted its stake in Broadridge Financial Solutions by 25.8% during the first quarter. Strs Ohio now owns 48,787 shares of the business services provider’s stock worth $7,927,000 after purchasing an additional 9,996 shares during the last quarter. Western Wealth Management LLC acquired a new position in Broadridge Financial Solutions in the first quarter worth $959,000. Andra AP fonden boosted its holdings in Broadridge Financial Solutions by 96.5% in the second quarter. Andra AP fonden now owns 170,757 shares of the business services provider’s stock worth $23,385,000 after purchasing an additional 83,857 shares during the period. Finally, Counterpoint Mutual Funds LLC bought a new stake in Broadridge Financial Solutions during the first quarter valued at $4,211,000. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc is a financial technology and services company that provides communications, technology and data solutions to financial institutions, public companies and other organizations. Its platforms support critical business processes across investor communications, capital markets, wealth management and corporate governance.

The company’s services include proxy and regulatory communications, shareholder and customer communications, securities processing, trading and operations technology, portfolio and wealth management tools, and governance solutions.