Broadridge Financial Solutions (NYSE:BR) Given New $226.00 Price Target at Royal Bank Of Canada

Broadridge Financial Solutions (NYSE:BR) had its price target boosted by research analysts at Royal Bank Of Canada from $225.00 to $226.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 24.13% from the company’s previous close.

BR has been the subject of several other reports. DA Davidson decreased their price objective on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research note on Friday, August 7th. Morgan Stanley boosted their price target on shares of Broadridge Financial Solutions from $169.00 to $176.00 and gave the stock an “equal weight” rating in a report on Thursday, August 6th. Finally, UBS Group restated a “neutral” rating and set a $180.00 price objective on shares of Broadridge Financial Solutions in a research report on Monday, August 17th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $216.00.

Broadridge Financial Solutions Stock Performance

Shares of BR opened at $182.07 on Monday. The stock has a 50-day moving average of $157.05 and a two-hundred day moving average of $160.18. Broadridge Financial Solutions has a one year low of $133.83 and a one year high of $258.70. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market cap of $20.76 billion, a P/E ratio of 18.90 and a beta of 0.87.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Tuesday, August 4th. The business services provider reported $3.82 earnings per share for the quarter, beating analysts’ consensus estimates of $3.76 by $0.06. Broadridge Financial Solutions had a return on equity of 40.25% and a net margin of 15.04%.The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period in the prior year, the company earned $3.55 earnings per share. The company’s 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, research analysts predict that Broadridge Financial Solutions will post 10.54 EPS for the current year.

Insider Activity at Broadridge Financial Solutions

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

Institutional Investors Weigh In On Broadridge Financial Solutions

A number of large investors have recently made changes to their positions in the stock. Brighton Jones LLC purchased a new stake in shares of Broadridge Financial Solutions in the 4th quarter valued at approximately $580,000. Empowered Funds LLC grew its holdings in shares of Broadridge Financial Solutions by 41.5% in the first quarter. Empowered Funds LLC now owns 3,957 shares of the business services provider’s stock valued at $959,000 after purchasing an additional 1,160 shares in the last quarter. Woodline Partners LP lifted its holdings in Broadridge Financial Solutions by 6.9% during the 1st quarter. Woodline Partners LP now owns 9,886 shares of the business services provider’s stock worth $2,397,000 after buying an additional 635 shares in the last quarter. Acadian Asset Management LLC boosted its position in Broadridge Financial Solutions by 480.8% in the 1st quarter. Acadian Asset Management LLC now owns 2,544 shares of the business services provider’s stock valued at $616,000 after buying an additional 2,106 shares during the period. Finally, Cerity Partners LLC boosted its holdings in Broadridge Financial Solutions by 8.5% in the second quarter. Cerity Partners LLC now owns 25,523 shares of the business services provider’s stock valued at $6,203,000 after purchasing an additional 2,004 shares during the period. 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.