Broadridge Financial Solutions (NYSE:BR) Stock Price Target Raised at JPMorgan Chase & Co.

Broadridge Financial Solutions (NYSE:BR) had its price target raised by analysts at JPMorgan Chase & Co. from $191.00 to $201.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 6.95% from the company’s previous close.

A number of other research analysts also recently issued reports on the company. Royal Bank Of Canada lifted their price target on Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an “outperform” rating in a report on Monday, August 31st. DA Davidson reaffirmed a “buy” rating and set a $214.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, October 27th. Morgan Stanley lifted their target price on Broadridge Financial Solutions from $176.00 to $181.00 and gave the company an “equal weight” rating in a research note on Wednesday. Weiss Ratings upgraded shares of Broadridge Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Finally, UBS Group restated a “neutral” rating and issued a $180.00 price target on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Broadridge Financial Solutions presently has an average rating of “Moderate Buy” and an average price target of $212.71.

Broadridge Financial Solutions Price Performance

Shares of BR stock traded up $4.17 during mid-day trading on Wednesday, hitting $187.93. The company had a trading volume of 722,706 shares, compared to its average volume of 1,315,056. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.24 and a quick ratio of 1.24. The stock’s 50 day moving average price is $171.62 and its 200-day moving average price is $166.21. Broadridge Financial Solutions has a 52-week low of $133.83 and a 52-week high of $233.10. The company has a market capitalization of $21.22 billion, a P/E ratio of 19.56 and a beta of 0.90.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Tuesday, November 3rd. The business services provider reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.19. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.51 EPS. Equities research analysts forecast that Broadridge Financial Solutions will post 10.54 earnings per share for the current year.

Insider Transactions at Broadridge Financial Solutions

In other news, VP Thomas Carey sold 2,501 shares of the firm’s stock in a transaction dated 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 trade 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. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. AlphaCore Capital LLC increased its stake in shares of Broadridge Financial Solutions by 124.2% during the 3rd quarter. AlphaCore Capital LLC now owns 4,855 shares of the business services provider’s stock worth $785,000 after purchasing an additional 2,690 shares during the last quarter. Running Oak Capital LLC lifted its holdings in Broadridge Financial Solutions by 4.5% during the 3rd quarter. Running Oak Capital LLC now owns 69,439 shares of the business services provider’s stock worth $11,214,000 after purchasing an additional 3,013 shares in the last quarter. Fulcrum Asset Management LLP boosted its stake in Broadridge Financial Solutions by 6,689.1% in the 3rd quarter. Fulcrum Asset Management LLP now owns 6,246 shares of the business services provider’s stock worth $1,005,000 after purchasing an additional 6,154 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Broadridge Financial Solutions by 22.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,751 shares of the business services provider’s stock worth $1,249,000 after purchasing an additional 1,408 shares during the period. Finally, StoneRidge PMG Advisors LLC bought a new stake in shares of Broadridge Financial Solutions during the third quarter valued at about $403,000. 90.03% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Broadridge Financial Solutions

Here are the key news stories impacting Broadridge Financial Solutions this week:

• Positive Sentiment: Fiscal Q1 adjusted EPS was $1.56, above the $1.37 consensus, while revenue of $1.67 billion also topped estimates. Recurring revenue grew 11%, and closed sales increased 10% to $36 million. Broadridge reaffirmed its fiscal 2027 targets, including 8%–12% adjusted EPS growth. Broadridge first-quarter results
• Positive Sentiment: The NYSE is partnering with Broadridge to provide on-chain shareholder services, including voting for tokenized stocks. The project may strengthen Broadridge’s position as financial markets adopt blockchain-based securities. NYSE partnership on on-chain voting
• Neutral Sentiment: Morgan Stanley raised its price target to $181 from $176 but maintained an “equal weight” rating; the new target is below the stock’s then-current price, suggesting limited near-term upside in the firm’s view. Morgan Stanley price-target update
• Negative Sentiment: Despite recurring-revenue growth, operating income fell 8%, adjusted operating income declined 9%, and adjusted operating margin narrowed to 13.8% from 15.8%. Diluted EPS also dropped year over year, while reports cited weaker event-driven revenue as a headwind. Quarterly earnings and revenue analysis

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.