Broadridge Financial Solutions (NYSE:BR) Stock Keeps "Buy" Rating at DA Davidson

Key Points

• DA Davidson reiterated a “Buy” rating on Broadridge Financial Solutions and set a $214 price target, implying approximately 21% upside from the stock’s $176.90 price.
• Analyst sentiment remains favorable, with four Buy and four Hold ratings producing a “Moderate Buy” consensus and an average price target of $216.
• Broadridge exceeded quarterly earnings and revenue estimates, reporting $3.82 EPS and $2.22 billion in revenue, while institutional investors own approximately 90% of the company’s shares.

Broadridge Financial Solutions (NYSE:BR - Get Free Report)'s stock had its "buy" rating restated by equities research analysts at DA Davidson in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $214.00 price target on the business services provider's stock. DA Davidson's price objective points to a potential upside of 20.97% from the stock's current price.

A number of other research analysts have also weighed in on the company. Weiss Ratings raised Broadridge Financial Solutions from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, October 8th. UBS Group reissued a "neutral" rating and issued a $180.00 price objective on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Royal Bank Of Canada increased their price objective on Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an "outperform" rating in a report on Monday, August 31st. Finally, Morgan Stanley increased their price objective on Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an "equal weight" rating in a report on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $216.00.

Broadridge Financial Solutions Stock Down 2.3%

NYSE BR traded down $4.19 during trading on Tuesday, hitting $176.90. The company's stock had a trading volume of 1,019,191 shares, compared to its average volume of 1,326,867. Broadridge Financial Solutions has a fifty-two week low of $133.83 and a fifty-two week high of $233.10. The company has a market cap of $19.97 billion, a PE ratio of 18.39 and a beta of 0.92. 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 business's 50 day simple moving average is $171.26 and its 200-day simple moving average is $167.48.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share for the quarter, topping analysts' consensus estimates of $3.76 by $0.06. Broadridge Financial Solutions had a return on equity of 40.25% and a net margin of 15.04%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the firm earned $3.55 earnings per share. The company's revenue was up 7.5% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. On average, equities analysts anticipate that Broadridge Financial Solutions will post 10.54 EPS for the current fiscal year.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, VP Thomas Carey sold 2,501 shares of the firm's stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $159.76, for a total transaction of $399,559.76. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in Broadridge Financial Solutions in the second quarter valued at $1,473,918,000. Jupiter Topco LLC acquired a new stake in Broadridge Financial Solutions in the second quarter valued at $261,852,000. Van ECK Associates Corp raised its stake in Broadridge Financial Solutions by 11.3% in the second quarter. Van ECK Associates Corp now owns 1,875,684 shares of the business services provider's stock valued at $256,875,000 after buying an additional 190,301 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Broadridge Financial Solutions in the second quarter valued at $197,921,000. Finally, Amundi raised its stake in Broadridge Financial Solutions by 67.5% in the first quarter. Amundi now owns 1,059,021 shares of the business services provider's stock valued at $172,070,000 after buying an additional 426,587 shares in the last quarter. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

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.