Broadridge Financial Solutions' (BR) "Buy (B)" Rating Reaffirmed at Weiss Ratings

Key Points

• Broadridge Financial Solutions' stock has been reaffirmed with a "buy" rating by Weiss Ratings, amid positive performance expectations and recent analyst support.
• The company's latest earnings report showed earnings per share of $3.55, surpassing analyst estimates, with a 6.2% year-over-year revenue increase to $2.07 billion.
• Insider trading activity has been notable, with key executives selling shares, indicating a potential change in ownership dynamics as insiders sold over 147,500 shares recently.

Broadridge Financial Solutions (NYSE:BR - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by stock analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other research analysts also recently commented on BR. Wall Street Zen raised Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Saturday. Morgan Stanley upped their price objective on Broadridge Financial Solutions from $222.00 to $261.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. UBS Group increased their target price on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Finally, Needham & Company LLC increased their target price on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $261.50.

Broadridge Financial Solutions Stock Down 0.1%

Shares of NYSE:BR traded down $0.26 during midday trading on Wednesday, hitting $236.64. The stock had a trading volume of 402,497 shares, compared to its average volume of 600,853. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.04. The business's 50-day simple moving average is $250.76 and its 200-day simple moving average is $242.62. Broadridge Financial Solutions has a 12 month low of $208.20 and a 12 month high of $271.91. The company has a market cap of $27.62 billion, a P/E ratio of 33.38 and a beta of 0.95.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its earnings results on Tuesday, August 5th. The business services provider reported $3.55 earnings per share for the quarter, topping analysts' consensus estimates of $3.51 by $0.04. Broadridge Financial Solutions had a return on equity of 42.72% and a net margin of 12.19%.The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter last year, the company earned $3.50 earnings per share. The firm's quarterly revenue was up 6.2% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. On average, sell-side analysts forecast that Broadridge Financial Solutions will post 8.53 earnings per share for the current fiscal year.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, President Christopher John Perry sold 7,036 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $262.72, for a total transaction of $1,848,497.92. Following the completion of the sale, the president directly owned 48,813 shares of the company's stock, valued at $12,824,151.36. This trade represents a 12.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Timothy C. Gokey sold 5,674 shares of Broadridge Financial Solutions stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $258.37, for a total value of $1,465,991.38. Following the completion of the sale, the chief executive officer directly owned 143,285 shares of the company's stock, valued at approximately $37,020,545.45. This trade represents a 3.81% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 147,532 shares of company stock valued at $38,417,208. Insiders own 1.10% of the company's stock.

Institutional Trading of Broadridge Financial Solutions

Large investors have recently modified their holdings of the business. NewSquare Capital LLC boosted its position in shares of Broadridge Financial Solutions by 89.5% during the 2nd 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 last quarter. ORG Partners LLC raised its holdings in shares of Broadridge Financial Solutions by 360.0% during the second quarter. ORG Partners LLC now owns 115 shares of the business services provider's stock valued at $28,000 after acquiring an additional 90 shares in the last quarter. Golden State Wealth Management LLC bought a new position in shares of Broadridge Financial Solutions during the first quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of 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 valued at $30,000 after acquiring an additional 57 shares in the last quarter. Finally, Bank of Jackson Hole Trust raised its holdings in shares of Broadridge Financial Solutions by 110.3% during the second quarter. Bank of Jackson Hole Trust now owns 122 shares of the business services provider's stock valued at $30,000 after acquiring an additional 64 shares in the last quarter. Institutional investors own 90.03% of the company's stock.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry. The company's Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services; and distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions.

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