Royal Bank Of Canada Increases Broadridge Financial Solutions (NYSE:BR) Price Target to $226.00

Key Points

• Royal Bank of Canada raised Broadridge Financial Solutions’ price target from $225 to $226 and maintained an “outperform” rating, implying 24.13% upside from the previous close.
• Broadridge reported quarterly EPS of $3.82, beating the $3.76 consensus estimate, while revenue of $2.22 billion exceeded expectations and increased 7.5% year over year.
• Analyst sentiment is moderately bullish, with four Buy and four Hold ratings and an average price target of $216; institutional investors own approximately 90.03% of the company’s shares.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) had its target price hoisted by stock analysts at Royal Bank Of Canada from $225.00 to $226.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the business services provider's stock. Royal Bank Of Canada's price objective points to a potential upside of 24.13% from the stock's previous close.

Several other equities analysts also recently commented on the company. Weiss Ratings restated a "hold (c-)" rating on shares of Broadridge Financial Solutions in a research report on Friday, August 7th. DA Davidson cut their target price on Broadridge Financial Solutions from $228.00 to $214.00 and set a "buy" rating for the company in a research report on Tuesday, May 5th. UBS Group reissued a "neutral" rating and issued a $180.00 price target on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Finally, Morgan Stanley upped their price target on Broadridge Financial Solutions from $169.00 to $176.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Broadridge Financial Solutions currently has an average rating of "Moderate Buy" and an average target price of $216.00.

Broadridge Financial Solutions Trading Down 0.9%

Shares of NYSE:BR opened at $182.07 on Monday. The stock has a 50 day moving average of $157.05 and a 200 day moving average of $160.18. The company has a market cap of $20.76 billion, a PE ratio of 18.90 and a beta of 0.87. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.15. Broadridge Financial Solutions has a 12-month low of $133.83 and a 12-month high of $258.70.

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

Insider Transactions at Broadridge Financial Solutions

In other news, insider Hope M. Jarkowski sold 1,966 shares of the company's stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $155.00, for a total transaction of $304,730.00. Following the transaction, the insider directly owned 1 shares of the company's stock, valued at approximately $155. This represents a 99.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System raised its stake in Broadridge Financial Solutions by 13,091.8% in the second quarter. California State Teachers Retirement System now owns 26,629,243 shares of the business services provider's stock valued at $3,646,875,000 after buying an additional 26,427,381 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Broadridge Financial Solutions during the second quarter worth about $1,473,918,000. State Street Corp increased its holdings in shares of Broadridge Financial Solutions by 6.7% during the fourth quarter. State Street Corp now owns 5,994,841 shares of the business services provider's stock valued at $1,343,572,000 after acquiring an additional 375,699 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Broadridge Financial Solutions by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 3,354,869 shares of the business services provider's stock valued at $746,062,000 after purchasing an additional 12,524 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Broadridge Financial Solutions by 1.8% in the 4th quarter. Barclays PLC now owns 2,007,968 shares of the business services provider's stock valued at $448,118,000 after purchasing an additional 35,169 shares during the last quarter. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

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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