Broadridge Financial Solutions (NYSE:BR) Given New $201.00 Price Target at JPMorgan Chase & Co.

Broadridge Financial Solutions (NYSE:BR) had its price target hoisted by equities researchers at JPMorgan Chase & Co. from $191.00 to $201.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 6.95% from the company’s current price.

A number of other analysts have also recently commented on BR. DA Davidson reiterated a “buy” rating and set a $214.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, October 27th. UBS Group restated a “neutral” rating and set a $180.00 target price on shares of Broadridge Financial Solutions in a research report on Monday, August 17th. Royal Bank Of Canada boosted their price objective on Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an “outperform” rating in a research note on Monday, August 31st. Morgan Stanley raised their price target on Broadridge Financial Solutions from $176.00 to $181.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Weiss Ratings upgraded Broadridge Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Broadridge Financial Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $212.71.

Broadridge Financial Solutions Trading Up 2.3%

Shares of Broadridge Financial Solutions stock traded up $4.17 during midday trading on Wednesday, reaching $187.93. 722,706 shares of the company’s stock traded hands, compared to its average volume of 1,315,056. 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 50 day moving average of $171.62 and a 200-day moving average of $166.21. The company has a market cap of $21.22 billion, a PE ratio of 19.56 and a beta of 0.90. Broadridge Financial Solutions has a 12 month low of $133.83 and a 12 month high of $233.10.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Tuesday, November 3rd. The business services provider reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.19. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the prior year, the company earned $1.51 earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year. As a group, equities analysts expect that Broadridge Financial Solutions will post 10.54 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, VP Thomas Carey sold 2,501 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $159.76, for a total transaction of $399,559.76. Following the completion of the sale, the vice president directly owned 8,800 shares of the company’s stock, valued at approximately $1,405,888. This trade represents a 22.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Broadridge Financial Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Broadridge Financial Solutions during the second quarter valued at approximately $1,473,918,000. Jupiter Topco LLC purchased a new position in Broadridge Financial Solutions during the second quarter valued at approximately $261,852,000. Van ECK Associates Corp raised its stake in Broadridge Financial Solutions by 11.3% in the second quarter. Van ECK Associates Corp now owns 1,875,684 shares of the business services provider’s stock worth $256,875,000 after buying an additional 190,301 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in Broadridge Financial Solutions in the second quarter worth approximately $197,921,000. Finally, Amundi lifted its holdings in Broadridge Financial Solutions by 67.5% during the first quarter. Amundi now owns 1,059,021 shares of the business services provider’s stock worth $172,070,000 after buying an additional 426,587 shares during the period. Institutional investors own 90.03% of the company’s stock.

Key Broadridge Financial Solutions News

Here are the key news stories impacting Broadridge Financial Solutions this week:

• Positive Sentiment: Fiscal Q1 adjusted EPS was $1.56, above the $1.37 consensus, while revenue of $1.67 billion also topped estimates. Recurring revenue grew 11%, and closed sales increased 10% to $36 million. Broadridge reaffirmed its fiscal 2027 targets, including 8%–12% adjusted EPS growth. Broadridge first-quarter results
• Positive Sentiment: The NYSE is partnering with Broadridge to provide on-chain shareholder services, including voting for tokenized stocks. The project may strengthen Broadridge’s position as financial markets adopt blockchain-based securities. NYSE partnership on on-chain voting
• Neutral Sentiment: Morgan Stanley raised its price target to $181 from $176 but maintained an “equal weight” rating; the new target is below the stock’s then-current price, suggesting limited near-term upside in the firm’s view. Morgan Stanley price-target update
• Negative Sentiment: Despite recurring-revenue growth, operating income fell 8%, adjusted operating income declined 9%, and adjusted operating margin narrowed to 13.8% from 15.8%. Diluted EPS also dropped year over year, while reports cited weaker event-driven revenue as a headwind. Quarterly earnings and revenue analysis

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc (NYSE: BR) is a financial technology and business services company that provides communications, data, and technology solutions to financial institutions, public companies, and investors. Its services support the administration and communication of financial information across the investment lifecycle.

The company’s offerings include investor communications, proxy and corporate governance services, securities processing, trade and portfolio management, and technology platforms for wealth and investment management firms.