Broadridge Financial Solutions (NYSE:BR) Reaches New 52-Week Low – Here’s What Happened

Broadridge Financial Solutions, Inc. (NYSE:BR)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $155.54 and last traded at $159.7130, with a volume of 143060 shares trading hands. The stock had previously closed at $162.48.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Weiss Ratings cut shares of Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 6th. Wall Street Zen cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Raymond James Financial reiterated an “outperform” rating and issued a $257.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, February 3rd. DA Davidson reiterated a “buy” rating and set a $228.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday, February 10th. Finally, Needham & Company LLC cut their price objective on shares of Broadridge Financial Solutions from $305.00 to $255.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $247.71.

Broadridge Financial Solutions Price Performance

The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.93. The stock has a market cap of $18.65 billion, a P/E ratio of 17.65 and a beta of 0.98. The firm has a 50 day moving average price of $182.36 and a 200 day moving average price of $212.27.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Tuesday, February 3rd. The business services provider reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.25. The company had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.61 billion. Broadridge Financial Solutions had a return on equity of 40.70% and a net margin of 14.86%.The firm’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.56 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.320-9.580 EPS. On average, analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Monday, March 16th will be given a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, March 16th. Broadridge Financial Solutions’s dividend payout ratio is presently 43.19%.

Insiders Place Their Bets

In other news, CEO Timothy C. Gokey bought 5,300 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average price of $194.49 per share, with a total value of $1,030,797.00. Following the acquisition, the chief executive officer owned 142,876 shares of the company’s stock, valued at approximately $27,787,953.24. This represents a 3.85% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert N. Duelks sold 253 shares of the company’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $192.60, for a total transaction of $48,727.80. Following the completion of the transaction, the director directly owned 20,815 shares of the company’s stock, valued at $4,008,969. This represents a 1.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Broadridge Financial Solutions

Large investors have recently made changes to their positions in the business. First Horizon Corp purchased a new stake in shares of Broadridge Financial Solutions during the third quarter worth about $25,000. Reflection Asset Management bought a new stake in Broadridge Financial Solutions during the 4th quarter valued at approximately $25,000. Nemes Rush Group LLC purchased a new position in Broadridge Financial Solutions in the 4th quarter worth approximately $27,000. Prosperity Bancshares Inc purchased a new position in Broadridge Financial Solutions in the 4th quarter worth approximately $28,000. Finally, Guerra Advisors Inc bought a new position in Broadridge Financial Solutions in the 3rd quarter worth approximately $29,000. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

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.