Broadridge Financial Solutions, Inc. (NYSE:BR – Get Free Report) has earned a consensus rating of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $221.5714.
Several research firms have commented on BR. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Broadridge Financial Solutions in a research note on Monday, June 22nd. Needham & Company LLC reduced their target price on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Weiss Ratings lowered shares of Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. DA Davidson lowered their target price on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Finally, UBS Group dropped their price target on shares of Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating for the company in a research note on Monday, May 4th.
Read Our Latest Research Report on Broadridge Financial Solutions
Broadridge Financial Solutions Trading Down 0.6%
Broadridge Financial Solutions (NYSE:BR – Get Free Report) last announced its earnings results on Thursday, April 30th. The business services provider reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.63 by $0.09. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Broadridge Financial Solutions had a return on equity of 40.14% and a net margin of 15.03%.The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.44 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. Research analysts predict that Broadridge Financial Solutions will post 9.55 earnings per share for the current year.
Broadridge Financial Solutions Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were paid a $0.975 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $3.90 annualized dividend and a yield of 2.7%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 41.76%.
Insider Activity
In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,966 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 1 shares in the company, valued at $155. The trade was a 99.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by company insiders.
Hedge Funds Weigh In On Broadridge Financial Solutions
Large investors have recently bought and sold shares of the business. Reflection Asset Management purchased a new stake in Broadridge Financial Solutions in the fourth quarter worth $25,000. Nemes Rush Group LLC purchased a new stake in shares of Broadridge Financial Solutions during the fourth quarter valued at $27,000. Prosperity Bancshares Inc purchased a new stake in shares of Broadridge Financial Solutions during the fourth quarter valued at $28,000. WPG Advisers LLC boosted its stake in shares of Broadridge Financial Solutions by 77.5% during the fourth quarter. WPG Advisers LLC now owns 142 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 62 shares during the period. Finally, Evolution Wealth Management Inc. bought a new position in shares of Broadridge Financial Solutions in the first quarter worth about $36,000. Hedge funds and other institutional investors own 90.03% of the company’s stock.
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.
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