Broadridge Financial Solutions’ (BR) “Buy” Rating Reaffirmed at DA Davidson

DA Davidson reiterated their buy rating on shares of Broadridge Financial Solutions (NYSE:BR) in a research note released on Wednesday,Benzinga reports. The brokerage currently has a $228.00 price objective on the business services provider’s stock.

BR has been the subject of several other reports. Needham & Company LLC reaffirmed a “buy” rating and set a $255.00 target price on shares of Broadridge Financial Solutions in a research report on Monday, April 6th. JPMorgan Chase & Co. decreased their target price on Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. Weiss Ratings lowered Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 6th. Raymond James Financial reaffirmed an “outperform” rating and set a $257.00 target price on shares of Broadridge Financial Solutions in a research report on Tuesday, February 3rd. Finally, Wall Street Zen lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Broadridge Financial Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $247.71.

Broadridge Financial Solutions Trading Down 1.0%

NYSE BR opened at $160.20 on Wednesday. The firm has a market capitalization of $18.70 billion, a P/E ratio of 17.74 and a beta of 1.01. The business has a fifty day simple moving average of $171.31 and a 200 day simple moving average of $203.54. Broadridge Financial Solutions has a 12 month low of $150.10 and a 12 month high of $271.91. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.93.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Tuesday, February 3rd. The business services provider reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.25. Broadridge Financial Solutions had a return on equity of 40.70% and a net margin of 14.86%.The business had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the firm posted $1.56 EPS. Broadridge Financial Solutions’s quarterly revenue was up 7.9% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2026 guidance at 9.320-9.580 EPS. On average, analysts predict that Broadridge Financial Solutions will post 9.46 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

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

Insider Buying and Selling at Broadridge Financial Solutions

In other news, Director Robert N. Duelks sold 253 shares of the 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 owned 20,815 shares in the company, valued at approximately $4,008,969. This represents a 1.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Timothy C. Gokey purchased 5,300 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were purchased at an average price of $194.49 per share, with a total value of $1,030,797.00. Following the purchase, the chief executive officer directly owned 142,876 shares in the company, valued at $27,787,953.24. This trade represents a 3.85% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BR. Brighton Jones LLC bought a new position in Broadridge Financial Solutions in the 4th quarter worth about $580,000. Empowered Funds LLC boosted its stake in Broadridge Financial Solutions by 41.5% in the 1st quarter. Empowered Funds LLC now owns 3,957 shares of the business services provider’s stock worth $959,000 after purchasing an additional 1,160 shares during the period. Woodline Partners LP boosted its stake in Broadridge Financial Solutions by 6.9% in the 1st quarter. Woodline Partners LP now owns 9,886 shares of the business services provider’s stock worth $2,397,000 after purchasing an additional 635 shares during the period. Acadian Asset Management LLC boosted its position in shares of Broadridge Financial Solutions by 480.8% during the 1st quarter. Acadian Asset Management LLC now owns 2,544 shares of the business services provider’s stock valued at $616,000 after acquiring an additional 2,106 shares during the last quarter. Finally, Cerity Partners LLC boosted its position in shares of Broadridge Financial Solutions by 8.5% during the 2nd quarter. Cerity Partners LLC now owns 25,523 shares of the business services provider’s stock valued at $6,203,000 after acquiring an additional 2,004 shares during the last quarter. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Company Profile

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.