Broadridge Financial Solutions (NYSE:BR) Announces Quarterly Earnings Results

Broadridge Financial Solutions (NYSE:BR) issued its quarterly earnings data on Tuesday. The business services provider reported $3.82 EPS for the quarter, topping the consensus estimate of $3.76 by $0.06, Zacks reports. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.17 billion. Broadridge Financial Solutions had a net margin of 15.03% and a return on equity of 40.14%. Broadridge Financial Solutions’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the business posted $3.55 earnings per share. Broadridge Financial Solutions updated its FY 2027 guidance to 10.370-10.750 EPS.

Broadridge Financial Solutions Stock Up 2.3%

BR opened at $157.41 on Tuesday. The stock has a market capitalization of $18.21 billion, a price-to-earnings ratio of 16.85 and a beta of 0.87. The firm has a 50 day moving average price of $146.94 and a 200-day moving average price of $164.00. Broadridge Financial Solutions has a twelve month low of $133.83 and a twelve month high of $271.91. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.97.

Broadridge Financial Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were paid a $0.975 dividend. The ex-dividend date was Friday, June 12th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.5%. Broadridge Financial Solutions’s payout ratio is currently 41.76%.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,966 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $155.00, for a total transaction of $304,730.00. Following the completion of the sale, the insider directly owned 1 shares of the company’s stock, valued at approximately $155. This represents a 99.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BR. State Street Corp boosted its position in shares of Broadridge Financial Solutions by 6.7% in the fourth quarter. State Street Corp now owns 5,994,841 shares of the business services provider’s stock worth $1,343,572,000 after purchasing an additional 375,699 shares during the period. Northern Trust Corp raised its holdings in Broadridge Financial Solutions by 6.6% during the third quarter. Northern Trust Corp now owns 1,711,824 shares of the business services provider’s stock valued at $407,705,000 after acquiring an additional 105,696 shares during the period. Invesco Ltd. lifted its position in shares of Broadridge Financial Solutions by 7.9% in the fourth quarter. Invesco Ltd. now owns 1,547,488 shares of the business services provider’s stock valued at $345,353,000 after acquiring an additional 113,806 shares in the last quarter. JPMorgan Chase & Co. lifted its position 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 valued at $313,330,000 after acquiring an additional 485,297 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Broadridge Financial Solutions by 10.0% in the second quarter. Ameriprise Financial Inc. now owns 1,139,533 shares of the business services provider’s stock valued at $276,602,000 after acquiring an additional 103,595 shares in the last quarter. Institutional investors own 90.03% of the company’s stock.

Analyst Ratings Changes

BR has been the subject of several research reports. DA Davidson decreased their target price on Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Weiss Ratings lowered Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Broadridge Financial Solutions in a research note on Monday, June 22nd. UBS Group decreased their price objective on Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Finally, Needham & Company LLC lowered their price objective on Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Four investment 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $221.57.

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.