Broadridge Financial Solutions, Inc. (NYSE:BR) Receives $261.50 Consensus Target Price from Brokerages

Key Points

• Broadridge Financial Solutions, Inc. has received a consensus rating of "Hold" from analysts, with an average 12-month price target of $261.50.
• The company reported quarterly earnings of $3.55 per share, exceeding estimates, and plans to pay a quarterly dividend of $0.975, up from previous dividends.
• Insider selling activity was noted, with key executives, including the CEO, reducing their holdings, while institutional investors own 90.03% of the stock.

Shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Get Free Report) have earned a consensus recommendation of "Hold" from the seven research firms that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $261.50.

BR has been the topic of a number of research analyst reports. Needham & Company LLC increased their price target on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Wall Street Zen raised shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Morgan Stanley upped their price objective on shares of 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. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $259.00 price objective on shares of Broadridge Financial Solutions in a research note on Monday, May 19th. Finally, UBS Group upped their price objective on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a "neutral" rating in a research note on Friday, August 8th.

Broadridge Financial Solutions Stock Performance

Shares of NYSE:BR traded down $1.12 during trading on Friday, hitting $255.95. 817,491 shares of the company were exchanged, compared to its average volume of 775,535. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.98 and a quick ratio of 0.98. Broadridge Financial Solutions has a 52-week low of $206.95 and a 52-week high of $271.91. The company has a market cap of $29.98 billion, a PE ratio of 36.10 and a beta of 0.94. The stock has a 50 day moving average of $249.38 and a 200 day moving average of $241.11.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted 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. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.06 billion. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. Broadridge Financial Solutions's revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.50 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. As a group, equities research analysts predict that Broadridge Financial Solutions will post 8.53 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, September 11th. This is an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.88. Broadridge Financial Solutions's dividend payout ratio is currently 55.01%.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, President Christopher John Perry sold 7,036 shares of the stock in a transaction on Tuesday, August 12th. The shares were 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 owned 48,813 shares of the company's stock, valued at $12,824,151.36. This represents a 12.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Maura A. Markus sold 3,556 shares of the stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $243.08, for a total transaction of $864,392.48. Following the sale, the director directly owned 30,892 shares of the company's stock, valued at $7,509,227.36. The trade was a 10.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold 151,088 shares of company stock valued at $39,281,601 in the last quarter. Company insiders own 1.30% of the company's stock.

Institutional Investors Weigh In On Broadridge Financial Solutions

Institutional investors and hedge funds have recently modified their holdings of the stock. Clarus Group Inc. lifted its position in Broadridge Financial Solutions by 1.5% during the 2nd quarter. Clarus Group Inc. now owns 2,951 shares of the business services provider's stock valued at $717,000 after acquiring an additional 44 shares during the period. Harbour Investments Inc. increased its stake in shares of Broadridge Financial Solutions by 10.1% during the second quarter. Harbour Investments Inc. now owns 489 shares of the business services provider's stock valued at $119,000 after purchasing an additional 45 shares in the last quarter. Continuum Advisory LLC increased its stake in shares of Broadridge Financial Solutions by 48.4% during the first quarter. Continuum Advisory LLC now owns 141 shares of the business services provider's stock valued at $34,000 after purchasing an additional 46 shares in the last quarter. Norden Group LLC lifted its holdings in shares of Broadridge Financial Solutions by 2.6% during the first quarter. Norden Group LLC now owns 1,852 shares of the business services provider's stock valued at $449,000 after purchasing an additional 47 shares during the last quarter. Finally, Crew Capital Management Ltd. boosted its position in shares of Broadridge Financial Solutions by 2.4% in the 1st quarter. Crew Capital Management Ltd. now owns 2,020 shares of the business services provider's stock worth $490,000 after purchasing an additional 48 shares in the last quarter. 90.03% of the stock is owned by hedge funds and other institutional investors.

About Broadridge Financial Solutions

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.