Broadridge Financial Solutions (NYSE:BR) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Broadridge Financial Solutions (NYSE:BR) had its target price increased by Morgan Stanley from $169.00 to $176.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the business services provider’s stock. Morgan Stanley’s target price indicates a potential upside of 7.85% from the stock’s previous close.

BR has been the subject of a number of other reports. Weiss Ratings cut Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Needham & Company LLC cut their target price on 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. UBS Group decreased 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 report on Monday, May 4th. DA Davidson lowered their price target on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Finally, Royal Bank Of Canada lifted their price objective on shares of Broadridge Financial Solutions from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Broadridge Financial Solutions presently has an average rating of “Moderate Buy” and an average target price of $213.71.

Broadridge Financial Solutions Stock Down 0.1%

NYSE BR traded down $0.21 on Thursday, reaching $163.19. 466,211 shares of the stock traded hands, compared to its average volume of 1,430,715. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.94 and a current ratio of 1.24. The company has a fifty day moving average price of $147.70 and a 200-day moving average price of $163.24. The company has a market cap of $18.87 billion, a price-to-earnings ratio of 16.94 and a beta of 0.87. Broadridge Financial Solutions has a 12 month low of $133.83 and a 12 month high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last issued its 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. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the business earned $3.55 EPS. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. As a group, research analysts forecast that Broadridge Financial Solutions will post 10.56 EPS for the current fiscal year.

Insider Activity

In related news, insider Hope M. Jarkowski sold 1,966 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $155.00, for a total value of $304,730.00. Following the completion of the transaction, the insider owned 1 shares in the company, valued at $155. This trade represents a 99.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by insiders.

Institutional Trading of Broadridge Financial Solutions

Several institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new stake in Broadridge Financial Solutions during the 4th quarter worth about $346,304,000. Van ECK Associates Corp lifted its holdings in shares of Broadridge Financial Solutions by 110.6% in 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 buying an additional 774,747 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Broadridge Financial Solutions in the 2nd quarter valued at about $101,738,000. Pinebridge Investments LLC purchased a new stake in shares of Broadridge Financial Solutions in the fourth quarter worth about $126,553,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Broadridge Financial Solutions by 52.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,403,997 shares of the business services provider’s stock worth $313,330,000 after buying an additional 485,297 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors and hedge funds.

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.