Broadridge Financial Solutions (NYSE:BR) Given “Buy” Rating at DA Davidson

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

Several other equities research analysts have also weighed in on BR. Morgan Stanley lifted their price target on Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. Weiss Ratings upgraded Broadridge Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. UBS Group reiterated a “neutral” rating and issued a $180.00 price objective on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Finally, Royal Bank Of Canada raised their price objective on Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an “outperform” rating in a research report on Monday, August 31st. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $216.00.

Broadridge Financial Solutions Trading Down 2.3%

BR stock traded down $4.19 during trading on Tuesday, reaching $176.90. The company had a trading volume of 1,019,191 shares, compared to its average volume of 1,326,867. 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 has a 52 week low of $133.83 and a 52 week high of $233.10. The business has a 50 day moving average of $171.26 and a 200 day moving average of $167.48. The company has a market cap of $19.97 billion, a P/E ratio of 18.39 and a beta of 0.92.

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

Insider Buying and Selling at Broadridge Financial Solutions

In other news, VP Thomas Carey sold 2,501 shares of Broadridge Financial Solutions 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 transaction, the vice president directly owned 8,800 shares in the company, valued at approximately $1,405,888. This trade represents a 22.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Generali Asset Management SPA SGR boosted its holdings in Broadridge Financial Solutions by 42.3% in the third quarter. Generali Asset Management SPA SGR now owns 11,715 shares of the business services provider’s stock worth $1,887,000 after acquiring an additional 3,481 shares in the last quarter. SYM FINANCIAL Corp purchased a new stake in shares of Broadridge Financial Solutions in the third quarter worth $244,000. Penobscot Investment Management Company Inc. bought a new position in shares of Broadridge Financial Solutions during the third quarter valued at $209,000. Park Avenue Securities LLC increased its holdings in shares of Broadridge Financial Solutions by 21.1% during the third quarter. Park Avenue Securities LLC now owns 4,723 shares of the business services provider’s stock valued at $761,000 after acquiring an additional 823 shares in the last quarter. Finally, Peterson Wealth Services bought a new position in shares of Broadridge Financial Solutions during the third quarter valued at $305,000. Institutional investors own 90.03% of the company’s stock.

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.