Broadridge Financial Solutions’ (BR) Buy Rating Reiterated at DA Davidson

Broadridge Financial Solutions (NYSE:BR)‘s stock had its “buy” rating restated by investment analysts at DA Davidson in a report issued on Tuesday, Benzinga reports. They presently have a $214.00 price target on the business services provider’s stock. DA Davidson‘s price objective would suggest a potential upside of 21.19% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. UBS Group reaffirmed a “neutral” rating and set a $180.00 target price on shares of Broadridge Financial Solutions in a research note on Monday, August 17th. Royal Bank Of Canada lifted their target price 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 raised Broadridge Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Finally, Morgan Stanley lifted their target price 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. Four equities research 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $216.00.

Broadridge Financial Solutions Price Performance

Broadridge Financial Solutions stock traded down $0.51 during midday trading on Tuesday, hitting $176.59. The company’s stock had a trading volume of 65,461 shares, compared to its average volume of 1,320,686. The stock’s 50-day moving average price is $171.44 and its 200-day moving average price is $167.26. 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 posted its quarterly earnings data on Tuesday, August 4th. The business services provider reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.76 by $0.06. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.17 billion. Broadridge Financial Solutions’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.55 EPS. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. As a group, sell-side analysts anticipate that Broadridge Financial Solutions will post 10.54 EPS for the current fiscal year.

Insider Activity at Broadridge Financial Solutions

In related news, VP Thomas Carey sold 2,501 shares of the business’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 value of $399,559.76. Following the completion of the sale, the vice president owned 8,800 shares of the company’s stock, valued at approximately $1,405,888. The trade was a 22.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Broadridge Financial Solutions

Large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Broadridge Financial Solutions in the 2nd quarter worth approximately $1,473,918,000. Jupiter Topco LLC acquired a new stake in Broadridge Financial Solutions in the 2nd quarter worth approximately $261,852,000. The Manufacturers Life Insurance Company acquired a new stake in Broadridge Financial Solutions in the 2nd quarter worth approximately $197,921,000. Bank of New York Mellon Corp acquired a new stake in Broadridge Financial Solutions in the 2nd quarter worth approximately $101,738,000. Finally, Legal & General Group Plc acquired a new stake in Broadridge Financial Solutions in the 2nd quarter worth approximately $99,172,000. 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.