Broadridge Financial Solutions, Inc. (NYSE:BR) Receives $216.00 Consensus Price Target from Brokerages

Broadridge Financial Solutions, Inc. (NYSE:BR) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $216.00.

Several research analysts have recently issued reports on the stock. Royal Bank Of Canada upped their target price on shares of Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an “outperform” rating in a report on Monday, August 31st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research note on Friday, August 7th. UBS Group restated a “neutral” rating and issued a $180.00 price objective on shares of Broadridge Financial Solutions in a research note on Monday, August 17th. Finally, Morgan Stanley raised their price objective on Broadridge Financial Solutions from $169.00 to $176.00 and gave the stock an “equal weight” rating in a report on Thursday, August 6th.

Broadridge Financial Solutions Trading Down 0.0%

BR opened at $168.09 on Tuesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.24 and a current ratio of 1.24. Broadridge Financial Solutions has a one year low of $133.83 and a one year high of $255.74. The company has a market cap of $19.17 billion, a P/E ratio of 17.47 and a beta of 0.90. The business’s 50-day simple moving average is $163.55 and its 200-day simple moving average is $160.23.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.76 by $0.06. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.17 billion. Broadridge Financial Solutions had a return on equity of 40.25% and a net margin of 15.04%.The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company posted $3.55 earnings per share. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. As a group, equities research analysts expect that Broadridge Financial Solutions will post 10.54 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Thursday, September 3rd will be given a $1.09 dividend. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $4.36 dividend on an annualized basis and a dividend yield of 2.6%. Broadridge Financial Solutions’s payout ratio is currently 45.32%.

Institutional Investors Weigh In On Broadridge Financial Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strs Ohio increased its holdings in Broadridge Financial Solutions by 25.8% in the 1st quarter. Strs Ohio now owns 48,787 shares of the business services provider’s stock valued at $7,927,000 after purchasing an additional 9,996 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in shares of Broadridge Financial Solutions in the first quarter worth about $4,211,000. Empowered Funds LLC boosted its position in shares of Broadridge Financial Solutions by 29.9% in the first quarter. Empowered Funds LLC now owns 48,430 shares of the business services provider’s stock worth $7,869,000 after buying an additional 11,152 shares during the period. UNIVEST FINANCIAL Corp acquired a new stake in shares of Broadridge Financial Solutions in the first quarter valued at about $8,227,000. Finally, Western Wealth Management LLC acquired a new stake in shares of Broadridge Financial Solutions in the first quarter valued at about $959,000. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc (NYSE:BR) is a global financial technology company that provides technology, communications and data solutions to financial services firms, public companies and other organizations. Its services support critical business processes across the financial markets, including investor communications, securities processing, capital markets operations and wealth management.

The company’s offerings include proxy and regulatory communications, shareholder communications, trading and operations platforms, portfolio and order management tools, and technology for banks, broker-dealers, asset managers and wealth managers.