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

Shares of Broadridge Financial Solutions, Inc. (NYSE:BR – Get Free Report) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $216.00.

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

View Our Latest Stock Analysis on Broadridge Financial Solutions

Broadridge Financial Solutions Price Performance

BR opened at $159.04 on Friday. The stock’s 50-day moving average price is $169.08 and its 200 day moving average price is $157.87. Broadridge Financial Solutions has a 12-month low of $133.83 and a 12-month high of $238.73. The firm has a market cap of $17.96 billion, a price-to-earnings ratio of 16.53 and a beta of 0.92. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.15.

Broadridge Financial Solutions (NYSE:BR – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.76 by $0.06. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the prior year, the company earned $3.55 earnings per share. The business’s quarterly revenue was up 7.5% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. As a group, sell-side analysts expect that Broadridge Financial Solutions will post 10.54 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 5th. Stockholders of record on Thursday, September 3rd were paid a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Thursday, September 3rd. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.9750. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 45.32%.

Insider Activity at Broadridge Financial Solutions

In other news, VP Thomas Carey sold 2,501 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $159.76, for a total transaction of $399,559.76. Following the completion of the transaction, the vice president directly owned 8,800 shares of the company’s stock, valued at approximately $1,405,888. The trade was a 22.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Broadridge Financial Solutions in the 2nd quarter valued at approximately $1,473,918,000. Barclays PLC lifted its position in shares of Broadridge Financial Solutions by 1.8% during the 4th quarter. Barclays PLC now owns 2,007,968 shares of the business services provider’s stock worth $448,118,000 after purchasing an additional 35,169 shares during the last quarter. Jupiter Topco LLC purchased a new stake in shares of Broadridge Financial Solutions during the 2nd quarter worth $261,852,000. Van ECK Associates Corp grew its stake in shares of 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 purchasing an additional 190,301 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Broadridge Financial Solutions during the second quarter worth $197,921,000. Hedge funds and other institutional investors own 90.03% of the company’s stock.

About Broadridge Financial Solutions

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Broadridge Financial Solutions (NYSE:BR)

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