Shares of Broadridge Financial Solutions, Inc. (NYSE:BR – Get Free Report) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $213.7143.
BR has been the subject of several analyst reports. DA Davidson lowered their target price on Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research report on Friday, August 7th. Morgan Stanley increased their price target on 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. UBS Group lowered their price objective on Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Finally, Needham & Company LLC reduced their target price on Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, May 1st.
Read Our Latest Report on Broadridge Financial Solutions
Broadridge Financial Solutions Trading Down 0.1%
Broadridge Financial Solutions (NYSE:BR – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.76 by $0.06. The firm 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 revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last 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, research analysts predict that Broadridge Financial Solutions will post 10.54 earnings per share for the current year.
Broadridge Financial Solutions Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Thursday, September 3rd will be given a $1.09 dividend. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. The ex-dividend date is Thursday, September 3rd. This represents a $4.36 dividend on an annualized basis and a dividend yield of 2.6%. Broadridge Financial Solutions’s dividend payout ratio is presently 40.54%.
Insider Activity
In other news, insider Hope M. Jarkowski sold 1,966 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $155.00, for a total value of $304,730.00. Following the sale, the insider directly owned 1 shares of the company’s stock, valued at approximately $155. This represents a 99.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.
Hedge Funds Weigh In On Broadridge Financial Solutions
A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Broadridge Financial Solutions during the 2nd quarter worth about $1,473,918,000. Jupiter Topco LLC acquired a new position in shares of Broadridge Financial Solutions in the 2nd quarter valued at about $261,852,000. Norges Bank acquired a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at about $346,304,000. The Manufacturers Life Insurance Company bought a new stake in shares of Broadridge Financial Solutions during the 2nd quarter valued at about $197,921,000. Finally, Van ECK Associates Corp boosted its position in shares of Broadridge Financial Solutions by 110.6% during the 4th 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 in the last quarter. 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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