Shares of Broadridge Financial Solutions, Inc. (NYSE:BR – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $216.00.
A number of research firms recently issued reports on BR. DA Davidson reaffirmed a “buy” rating and issued a $214.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, October 27th. Royal Bank Of Canada increased their target price on Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an “outperform” rating in a research note on Monday, August 31st. Morgan Stanley increased their target price on shares of Broadridge Financial Solutions from $169.00 to $176.00 and gave the stock an “equal weight” rating in a report on Thursday, August 6th. Weiss Ratings upgraded Broadridge Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Finally, UBS Group restated a “neutral” rating and issued a $180.00 price target on shares of Broadridge Financial Solutions in a report on Monday, August 17th.
Check Out Our Latest Stock Analysis on BR
Key Broadridge Financial Solutions News
Here are the key news stories impacting Broadridge Financial Solutions this week:
- Positive Sentiment: Adjusted EPS of $1.56 beat the $1.37 analyst consensus, while revenue of $1.67 billion topped expectations of $1.65 billion and rose 5% year over year. Recurring revenue increased 11%, and closed sales grew 10% to $36 million. Broadridge Reports First Quarter Fiscal 2027 Results
- Positive Sentiment: Broadridge reaffirmed fiscal 2027 guidance, including 6%–8% constant-currency recurring-revenue growth and 8%–12% adjusted EPS growth, offering support for the growth outlook. Broadridge: 3 Key Takeaways for Long-Term Investors
- Positive Sentiment: The NYSE selected Broadridge to provide on-chain shareholder governance and digital transfer-agent services for its planned tokenized-securities platform. The initiative could create opportunities in digital asset services, but is subject to regulatory approval. Broadridge to Bring OnChain Governance and Digital Transfer Agency to NYSE Platform
- Negative Sentiment: Profitability was weaker: operating income fell 8% and adjusted operating income declined 9%, with adjusted operating margin narrowing to 13.8% from 15.8%. GAAP diluted EPS dropped to $0.83 from $1.40, while the company cited pressure from event-driven revenues. BR’s Q1 Earnings Beat Estimates on Strong Recurring Revenue Growth
Insiders Place Their Bets
In other Broadridge Financial Solutions news, VP Thomas Carey sold 2,501 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $159.76, for a total transaction of $399,559.76. Following the transaction, the vice president owned 8,800 shares of the company’s stock, valued at $1,405,888. The trade was a 22.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.00% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of BR. BlackRock Inc. acquired a new position in shares of Broadridge Financial Solutions during the second quarter worth $1,473,918,000. Jupiter Topco LLC acquired a new position in Broadridge Financial Solutions in the second quarter valued at approximately $261,852,000. Van ECK Associates Corp boosted its stake in Broadridge Financial Solutions by 11.3% during the second quarter. Van ECK Associates Corp now owns 1,875,684 shares of the business services provider’s stock worth $256,875,000 after acquiring an additional 190,301 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Broadridge Financial Solutions during the 2nd quarter worth about $197,921,000. Finally, Amundi raised its stake in Broadridge Financial Solutions by 67.5% during the 1st quarter. Amundi now owns 1,059,021 shares of the business services provider’s stock worth $172,070,000 after buying an additional 426,587 shares during the period. 90.03% of the stock is currently owned by institutional investors and hedge funds.
Broadridge Financial Solutions Price Performance
NYSE BR opened at $183.34 on Wednesday. The stock has a market capitalization of $20.70 billion, a PE ratio of 19.06 and a beta of 0.90. Broadridge Financial Solutions has a 12-month low of $133.83 and a 12-month high of $233.10. The company has a 50 day moving average price of $171.62 and a two-hundred day moving average price of $166.21. 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 – Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The business services provider reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.19. The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.51 earnings per share. As a group, equities analysts predict that Broadridge Financial Solutions will post 10.54 earnings per share for the current fiscal 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.
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