Broadridge Financial Solutions (NYSE:BR) Earns Buy Rating from DA Davidson

Broadridge Financial Solutions (NYSE:BR)‘s stock had its “buy” rating reissued by stock analysts at DA Davidson in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $214.00 price objective on the business services provider’s stock. DA Davidson‘s target price would suggest a potential upside of 20.97% from the stock’s previous close.

Several other equities analysts have also recently issued reports on BR. 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 research note on Monday, August 31st. Weiss Ratings upgraded shares of Broadridge Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. UBS Group restated a “neutral” rating and set a $180.00 target price on shares of Broadridge Financial Solutions in a research note on Monday, August 17th. Finally, Morgan Stanley upped their target price on shares of Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $216.00.

Broadridge Financial Solutions Stock Down 2.3%

Broadridge Financial Solutions stock traded down $4.19 during mid-day trading on Tuesday, reaching $176.90. The stock had a trading volume of 1,019,191 shares, compared to its average volume of 1,326,867. The company has a market capitalization of $19.97 billion, a price-to-earnings ratio of 18.39 and a beta of 0.92. The company has a 50-day moving average price of $171.26 and a two-hundred day moving average price of $167.48. Broadridge Financial Solutions has a one year low of $133.83 and a one year high of $233.10. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.24 and a quick ratio of 1.24.

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, topping analysts’ consensus estimates of $3.76 by $0.06. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. Broadridge Financial Solutions’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.55 EPS. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. On average, analysts expect that Broadridge Financial Solutions will post 10.54 EPS for the current fiscal year.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, VP Thomas Carey sold 2,501 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were 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 $1,405,888. This trade represents a 22.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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 currently owned by company insiders.

Institutional Investors Weigh In On Broadridge Financial Solutions

A number of institutional investors have recently added to or reduced their stakes in the stock. Kintegral Advisory LLC raised its stake in Broadridge Financial Solutions by 0.6% during the 3rd quarter. Kintegral Advisory LLC now owns 10,764 shares of the business services provider’s stock worth $1,746,000 after buying an additional 60 shares during the period. Appleton Partners Inc. MA raised its stake in Broadridge Financial Solutions by 0.5% during the 1st quarter. Appleton Partners Inc. MA now owns 12,137 shares of the business services provider’s stock worth $1,972,000 after buying an additional 65 shares during the period. Abel Hall LLC raised its stake in Broadridge Financial Solutions by 2.4% during the 3rd quarter. Abel Hall LLC now owns 2,935 shares of the business services provider’s stock worth $473,000 after buying an additional 68 shares during the period. Allworth Financial LP raised its stake in Broadridge Financial Solutions by 2.9% during the 2nd quarter. Allworth Financial LP now owns 2,662 shares of the business services provider’s stock worth $365,000 after buying an additional 74 shares during the period. Finally, Eastern Bank raised its stake in Broadridge Financial Solutions by 2.8% during the 3rd quarter. Eastern Bank now owns 2,693 shares of the business services provider’s stock worth $434,000 after buying an additional 74 shares during the period. 90.03% of the stock is owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Company Profile

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.