Broadridge Financial Solutions (NYSE:BR) Stock Keeps Buy Rating at DA Davidson

Broadridge Financial Solutions (NYSE:BR)‘s stock had its “buy” rating reaffirmed by investment analysts at DA Davidson in a report released on Tuesday, Benzinga reports. They currently have a $214.00 target price on the business services provider’s stock. DA Davidson‘s target price would indicate a potential upside of 20.97% from the company’s current price.

BR has been the topic of several other reports. Royal Bank Of Canada upped 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. Weiss Ratings upgraded Broadridge Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Morgan Stanley upped their price objective on 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. Finally, UBS Group reiterated a “neutral” rating and issued a $180.00 price objective on shares of Broadridge Financial Solutions in a research note on Monday, August 17th. 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.com, the company has an average rating of “Moderate Buy” and an average target price of $216.00.

Broadridge Financial Solutions Stock Performance

Broadridge Financial Solutions stock traded down $4.19 during mid-day trading on Tuesday, hitting $176.90. 1,019,191 shares of the company’s stock traded hands, compared to its average volume of 1,326,867. The firm has a 50 day moving average price of $171.26 and a 200 day moving average price of $167.48. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.15. The company has a market cap of $19.97 billion, a PE ratio of 18.39 and a beta of 0.92. Broadridge Financial Solutions has a one year low of $133.83 and a one year high of $233.10.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Tuesday, August 4th. The business services provider reported $3.82 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the previous year, the business earned $3.55 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. On average, equities analysts forecast that Broadridge Financial Solutions will post 10.54 EPS for the current year.

Insider Buying and Selling

In related news, VP Thomas Carey sold 2,501 shares of the 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 sale, the vice president directly owned 8,800 shares in the company, valued at $1,405,888. This represents a 22.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 large investors have recently bought and sold shares of BR. BlackRock Inc. bought a new stake in Broadridge Financial Solutions during the 2nd quarter worth approximately $1,473,918,000. Jupiter Topco LLC bought a new stake in Broadridge Financial Solutions during the 2nd quarter worth approximately $261,852,000. The Manufacturers Life Insurance Company bought a new stake in Broadridge Financial Solutions during the 2nd quarter worth approximately $197,921,000. Bank of New York Mellon Corp bought a new stake in Broadridge Financial Solutions during the 2nd quarter worth approximately $101,738,000. Finally, Legal & General Group Plc bought a new stake in Broadridge Financial Solutions during the 2nd quarter worth approximately $99,172,000. 90.03% of the stock is currently owned by 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.