Analysts Set Broadridge Financial Solutions, Inc. (NYSE:BR) Price Target at $259.83

Shares of Broadridge Financial Solutions, Inc. (NYSE:BR) have earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $259.8333.

A number of research analysts have issued reports on BR shares. Morgan Stanley reduced their price target on Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. DA Davidson reaffirmed a “neutral” rating and issued a $240.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, October 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Broadridge Financial Solutions in a research note on Monday, December 29th. Wall Street Zen raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, UBS Group decreased their price objective on shares of Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating for the company in a report on Thursday, November 13th.

Broadridge Financial Solutions Trading Up 1.1%

NYSE:BR opened at $222.96 on Thursday. The company has a market cap of $26.03 billion, a PE ratio of 28.55 and a beta of 0.99. The business’s 50 day moving average is $225.83 and its two-hundred day moving average is $238.27. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.06. Broadridge Financial Solutions has a 52 week low of $212.33 and a 52 week high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Thursday, March 3rd. The business services provider reported $0.73 earnings per share for the quarter. Broadridge Financial Solutions had a net margin of 13.11% and a return on equity of 43.28%. The firm had revenue of $1.05 billion for the quarter. On average, analysts predict that Broadridge Financial Solutions will post 8.53 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Friday, December 12th were issued a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, December 12th. Broadridge Financial Solutions’s payout ratio is presently 49.94%.

Insider Transactions at Broadridge Financial Solutions

In related news, VP Thomas P. Carey sold 10,214 shares of Broadridge Financial Solutions stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $229.26, for a total value of $2,341,661.64. Following the transaction, the vice president directly owned 6,026 shares in the company, valued at $1,381,520.76. The trade was a 62.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Christopher John Perry sold 3,984 shares of Broadridge Financial Solutions stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $226.00, for a total transaction of $900,384.00. Following the completion of the transaction, the president directly owned 44,829 shares in the company, valued at approximately $10,131,354. This trade represents a 8.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Broadridge Financial Solutions

Several hedge funds and other institutional investors have recently modified their holdings of the company. First Horizon Corp bought a new stake in Broadridge Financial Solutions in the third quarter worth approximately $25,000. NewSquare Capital LLC boosted its holdings in Broadridge Financial Solutions by 89.5% in the second quarter. NewSquare Capital LLC now owns 108 shares of the business services provider’s stock worth $26,000 after purchasing an additional 51 shares in the last quarter. ORG Partners LLC increased its position in Broadridge Financial Solutions by 360.0% during the second quarter. ORG Partners LLC now owns 115 shares of the business services provider’s stock worth $28,000 after buying an additional 90 shares during the last quarter. Guerra Advisors Inc acquired a new position in Broadridge Financial Solutions during the third quarter worth $29,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Broadridge Financial Solutions by 85.1% during the second quarter. Caitong International Asset Management Co. Ltd now owns 124 shares of the business services provider’s stock valued at $30,000 after buying an additional 57 shares in the last quarter. 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.