Broadridge Financial Solutions, Inc. (NYSE:BR) Stock Has Average Target Price of $216.00

Broadridge Financial Solutions, Inc. (NYSE:BR) has been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $216.00.

Several research firms have recently commented on BR. Royal Bank Of Canada increased their price objective on Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an “outperform” rating in a report on Monday, August 31st. UBS Group reissued a “neutral” rating and issued a $180.00 price objective on shares of Broadridge Financial Solutions in a research note on Monday, August 17th. Morgan Stanley lifted their price objective on shares of Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. Weiss Ratings upgraded shares of Broadridge Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Finally, DA Davidson restated a “buy” rating and issued a $214.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, October 27th.

Insider Activity at Broadridge Financial Solutions

In related news, VP Thomas Carey sold 2,501 shares of the stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $159.76, for a total transaction of $399,559.76. Following the sale, the vice president directly owned 8,800 shares of the company’s stock, valued at approximately $1,405,888. This represents a 22.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Broadridge Financial Solutions

Large investors have recently made changes to their positions in the company. Kintegral Advisory LLC increased its position in Broadridge Financial Solutions by 0.6% during the 3rd quarter. Kintegral Advisory LLC now owns 10,764 shares of the business services provider’s stock worth $1,746,000 after purchasing an additional 60 shares during the period. Appleton Partners Inc. MA boosted its stake in shares of Broadridge Financial Solutions by 0.5% in the first quarter. Appleton Partners Inc. MA now owns 12,137 shares of the business services provider’s stock valued at $1,972,000 after purchasing an additional 65 shares during the period. North Dakota State Investment Board grew its holdings in Broadridge Financial Solutions by 1.9% during the 3rd quarter. North Dakota State Investment Board now owns 3,532 shares of the business services provider’s stock worth $569,000 after acquiring an additional 67 shares in the last quarter. Abel Hall LLC grew its holdings in shares of Broadridge Financial Solutions by 2.4% during the third quarter. Abel Hall LLC now owns 2,935 shares of the business services provider’s stock valued at $473,000 after purchasing an additional 68 shares during the last quarter. Finally, Allworth Financial LP boosted its position in shares of Broadridge Financial Solutions by 2.9% during the second quarter. Allworth Financial LP now owns 2,662 shares of the business services provider’s stock worth $365,000 after buying an additional 74 shares during the period. 90.03% of the stock is owned by institutional investors and hedge funds.

Broadridge Financial Solutions Trading Down 0.1%

Broadridge Financial Solutions stock opened at $178.65 on Wednesday. The stock has a market cap of $20.17 billion, a price-to-earnings ratio of 18.57 and a beta of 0.89. The business has a 50 day moving average price of $171.63 and a two-hundred day moving average price of $166.59. Broadridge Financial Solutions has a 12 month low of $133.83 and a 12 month high of $233.10. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.15.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data on Tuesday, August 4th. The business services provider reported $3.82 earnings per share for the quarter, topping the consensus estimate of $3.76 by $0.06. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations 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 period in the prior year, the firm earned $3.55 earnings per share. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. As a group, equities analysts forecast that Broadridge Financial Solutions will post 10.54 EPS for the current year.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc (NYSE: BR) is a financial technology and business services company that provides communications, data, and technology solutions to financial institutions, public companies, and investors. Its services support the administration and communication of financial information across the investment lifecycle.

The company’s offerings include investor communications, proxy and corporate governance services, securities processing, trade and portfolio management, and technology platforms for wealth and investment management firms.