Broadridge Financial Solutions (NYSE:BR) Given New $228.00 Price Target at DA Davidson

Broadridge Financial Solutions (NYSE:BR) had its price target lowered by DA Davidson from $240.00 to $228.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the business services provider’s stock. DA Davidson’s target price suggests a potential upside of 10.38% from the company’s previous close.

A number of other analysts have also recently issued reports on the company. Morgan Stanley decreased their target price on Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Broadridge Financial Solutions in a research report on Monday, December 29th. UBS Group decreased their price objective on shares of Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating for the company in a report on Thursday, November 13th. Finally, Wall Street Zen raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Broadridge Financial Solutions presently has a consensus rating of “Hold” and a consensus target price of $257.83.

Broadridge Financial Solutions Price Performance

BR traded down $3.24 on Friday, hitting $206.55. 119,695 shares of the company were exchanged, compared to its average volume of 714,394. Broadridge Financial Solutions has a fifty-two week low of $204.61 and a fifty-two week high of $271.91. The firm has a market capitalization of $24.11 billion, a P/E ratio of 26.47 and a beta of 0.99. The business’s fifty day moving average is $224.79 and its 200 day moving average is $236.27. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.93.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Tuesday, November 4th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.32. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.54 billion. Broadridge Financial Solutions had a net margin of 13.11% and a return on equity of 43.28%. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. As a group, sell-side analysts anticipate that Broadridge Financial Solutions will post 8.53 EPS for the current year.

Insider Transactions at Broadridge Financial Solutions

In other news, VP Thomas P. Carey sold 10,214 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $229.26, for a total transaction of $2,341,661.64. Following the completion of the transaction, the vice president directly owned 6,026 shares in the company, valued at approximately $1,381,520.76. The trade was a 62.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Christopher John Perry sold 3,984 shares of Broadridge Financial Solutions 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 sale, the president directly owned 44,829 shares in the company, valued at $10,131,354. The trade was a 8.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Broadridge Financial Solutions by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 15,296,040 shares of the business services provider’s stock valued at $3,643,058,000 after purchasing an additional 264,620 shares in the last quarter. State Street Corp lifted its holdings in shares of Broadridge Financial Solutions by 0.6% in the second quarter. State Street Corp now owns 5,642,154 shares of the business services provider’s stock valued at $1,376,006,000 after buying an additional 35,061 shares during the period. Alliancebernstein L.P. boosted its stake in Broadridge Financial Solutions by 692.3% during the third quarter. Alliancebernstein L.P. now owns 3,690,705 shares of the business services provider’s stock valued at $879,015,000 after buying an additional 3,224,891 shares in the last quarter. Geode Capital Management LLC boosted its stake in Broadridge Financial Solutions by 4.3% during the second quarter. Geode Capital Management LLC now owns 3,292,241 shares of the business services provider’s stock valued at $797,031,000 after buying an additional 136,386 shares in the last quarter. Finally, Barclays PLC grew its holdings in Broadridge Financial Solutions by 0.7% during the third quarter. Barclays PLC now owns 1,972,799 shares of the business services provider’s stock worth $469,862,000 after acquiring an additional 14,631 shares during the period. Institutional investors and hedge funds 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.