Broadridge Financial Solutions, Inc. (NYSE:BR – Get Free Report) has been assigned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $247.7143.
A number of equities analysts recently commented on the company. Wall Street Zen lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Raymond James Financial reaffirmed an “outperform” rating and issued a $257.00 price objective on shares of Broadridge Financial Solutions in a research note on Tuesday, February 3rd. Weiss Ratings cut Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 6th. Needham & Company LLC lowered their target price on Broadridge Financial Solutions from $305.00 to $255.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Finally, DA Davidson reissued a “buy” rating and issued a $228.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, February 10th.
Check Out Our Latest Report on BR
Broadridge Financial Solutions Stock Up 0.2%
Broadridge Financial Solutions (NYSE:BR – Get Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The business services provider reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.25. The business had revenue of $1.71 billion during the quarter, compared to analyst estimates 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 period last year, the firm posted $1.56 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.320-9.580 EPS. Research analysts predict that Broadridge Financial Solutions will post 8.53 EPS for the current fiscal year.
Broadridge Financial Solutions Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Monday, March 16th will be given a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Monday, March 16th. Broadridge Financial Solutions’s dividend payout ratio is currently 43.19%.
Insider Transactions at Broadridge Financial Solutions
In related news, CEO Timothy C. Gokey acquired 5,300 shares of the firm’s stock in a transaction on Friday, March 6th. The shares were acquired at an average cost of $194.49 per share, for a total transaction of $1,030,797.00. Following the completion of the transaction, the chief executive officer directly owned 142,876 shares in the company, valued at approximately $27,787,953.24. This trade represents a 3.85% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert N. Duelks sold 253 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $192.60, for a total value of $48,727.80. Following the completion of the sale, the director directly owned 20,815 shares of the company’s stock, valued at $4,008,969. The trade was a 1.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by company insiders.
Institutional Trading of Broadridge Financial Solutions
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. First Horizon Corp purchased a new position in Broadridge Financial Solutions during the third quarter worth $25,000. Reflection Asset Management purchased a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at $25,000. Nemes Rush Group LLC purchased a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at $27,000. Prosperity Bancshares Inc bought a new stake in shares of Broadridge Financial Solutions in the 4th quarter worth about $28,000. Finally, Guerra Advisors Inc bought a new stake in shares of Broadridge Financial Solutions in the 3rd quarter worth about $29,000. Hedge funds and other institutional investors own 90.03% of the company’s stock.
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.
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