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

DA Davidson reiterated their buy rating on shares of Broadridge Financial Solutions (NYSE:BR) in a report issued on Tuesday morning,Benzinga reports. The brokerage currently has a $228.00 target price on the business services provider’s stock.

Several other brokerages also recently commented on BR. UBS Group cut their target price on Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating for the company in a research note on Thursday, November 13th. Wall Street Zen cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Needham & Company LLC lowered their target price on shares of Broadridge Financial Solutions from $305.00 to $255.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. Morgan Stanley reduced their price target on shares of Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. Finally, Raymond James Financial reissued an “outperform” rating and set a $257.00 price objective on shares of Broadridge Financial Solutions in a research note on Tuesday, February 3rd. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $247.71.

Broadridge Financial Solutions Trading Up 1.8%

Shares of Broadridge Financial Solutions stock opened at $170.51 on Tuesday. The stock has a market capitalization of $19.91 billion, a P/E ratio of 18.88 and a beta of 0.97. Broadridge Financial Solutions has a 52-week low of $163.71 and a 52-week high of $271.91. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.97 and a current ratio of 0.97. The stock’s 50-day simple moving average is $213.79 and its 200 day simple moving average is $231.09.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Tuesday, February 3rd. The business services provider reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.25. The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.61 billion. Broadridge Financial Solutions had a net margin of 14.86% and a return on equity of 40.70%. The company’s revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the company earned $1.56 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.320-9.580 EPS. As a group, research analysts anticipate that Broadridge Financial Solutions will post 8.53 EPS for the current year.

Insider Buying and Selling

In other Broadridge Financial Solutions news, President Christopher John Perry sold 3,984 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $226.00, for a total value of $900,384.00. Following the completion of the sale, the president owned 44,829 shares of the company’s stock, valued at $10,131,354. This represents a 8.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert N. Duelks sold 253 shares of Broadridge Financial Solutions stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $192.60, for a total transaction of $48,727.80. Following the transaction, the director directly owned 20,815 shares in the company, valued at $4,008,969. This trade represents a 1.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 14,451 shares of company stock worth $3,290,773 in the last quarter. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Broadridge Financial Solutions

Hedge funds and other institutional investors have recently modified their holdings of the stock. Alliancebernstein L.P. increased its stake in Broadridge Financial Solutions by 692.3% in the 3rd quarter. Alliancebernstein L.P. now owns 3,690,705 shares of the business services provider’s stock worth $879,015,000 after purchasing an additional 3,224,891 shares during the period. Norges Bank purchased a new position in shares of Broadridge Financial Solutions in the fourth quarter worth $346,304,000. Van ECK Associates Corp raised its holdings in Broadridge Financial Solutions by 3,228.4% during the 3rd quarter. Van ECK Associates Corp now owns 700,536 shares of the business services provider’s stock valued at $166,846,000 after buying an additional 679,489 shares during the last quarter. Pinebridge Investments LLC purchased a new stake in Broadridge Financial Solutions during the 4th quarter valued at $126,553,000. Finally, JPMorgan Chase & Co. grew its holdings in Broadridge Financial Solutions by 52.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,403,997 shares of the business services provider’s stock worth $313,330,000 after acquiring an additional 485,297 shares during the last quarter. Institutional investors own 90.03% of the company’s stock.

About Broadridge Financial Solutions

Broadridge Financial Solutions is a global fintech company that provides technology-driven solutions and outsourcing services to the financial services industry. The firm’s core offerings center on investor communications, securities processing and post-trade services, and technology platforms that support capital markets and wealth management operations. Broadridge positions itself as a provider of mission-critical infrastructure that helps financial institutions manage regulatory requirements, investor engagement and operational complexity.

Products and services include proxy and shareholder communications, investor disclosure and digital communications, proxy voting and tabulation, clearing and settlement support, trade processing and reconciliation, and a range of software-as-a-service platforms for wealth and asset managers.