DA Davidson Reiterates “Buy” Rating for Broadridge Financial Solutions (NYSE:BR)

Broadridge Financial Solutions (NYSE:BR)‘s stock had its “buy” rating reissued by investment analysts at DA Davidson in a research report issued on Tuesday,Benzinga reports. They presently have a $228.00 target price on the business services provider’s stock. DA Davidson’s target price indicates a potential upside of 28.91% from the stock’s current price.

Other analysts have also issued research reports about the stock. UBS Group reduced their price target on shares of Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating on the stock in a research report on Thursday, November 13th. Weiss Ratings downgraded Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Wall Street Zen downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday. Needham & Company LLC decreased their price target on 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. Finally, JPMorgan Chase & Co. dropped their price objective on Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $247.71.

Broadridge Financial Solutions Stock Down 2.3%

Shares of BR stock traded down $4.19 during mid-day trading on Tuesday, reaching $176.87. 397,927 shares of the company’s stock traded hands, compared to its average volume of 1,072,872. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.93. The company’s 50-day moving average price is $217.35 and its 200-day moving average price is $232.54. The company has a market cap of $20.65 billion, a P/E ratio of 19.61 and a beta of 0.97. Broadridge Financial Solutions has a 12 month low of $175.86 and a 12 month high of $271.91.

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

Insider Activity

In other news, VP Thomas P. Carey sold 10,214 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $229.26, for a total value of $2,341,661.64. Following the completion of the transaction, the vice president owned 6,026 shares of the company’s stock, valued at approximately $1,381,520.76. This represents a 62.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Christopher John Perry sold 3,984 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $226.00, for a total value of $900,384.00. Following the transaction, the president directly owned 44,829 shares in the company, valued at $10,131,354. This trade represents a 8.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 14,451 shares of company stock valued at $3,290,773. Insiders own 1.10% of the company’s stock.

Institutional Trading of Broadridge Financial Solutions

Institutional investors have recently made changes to their positions in the stock. First Horizon Corp bought a new position in Broadridge Financial Solutions during the 3rd quarter valued at $25,000. NewSquare Capital LLC lifted its stake in shares of Broadridge Financial Solutions by 89.5% during the second quarter. NewSquare Capital LLC now owns 108 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 51 shares during the period. Guerra Advisors Inc acquired a new stake in Broadridge Financial Solutions in the third quarter worth about $29,000. Bank of Jackson Hole Trust boosted its stake in shares of Broadridge Financial Solutions by 110.3% in the 2nd quarter. Bank of Jackson Hole Trust now owns 122 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 64 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Broadridge Financial Solutions by 85.1% during the second quarter. Caitong International Asset Management Co. Ltd now owns 124 shares of the business services provider’s stock worth $30,000 after buying an additional 57 shares during the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.

Broadridge Financial Solutions Company Profile

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.