Broadridge Financial Solutions (NYSE:BR) Downgraded to Hold Rating by Wall Street Zen

Key Points

• Broadridge Financial Solutions has been downgraded from a "buy" to a "hold" rating by analysts at Wall Street Zen, reflecting a shift in investor sentiment.
• UBS Group raised the target price for Broadridge shares from $250 to $280, while Needham & Company LLC increased it from $300 to $305, indicating a mix of analyst opinions on the stock.
• The company reported $3.55 EPS for the latest quarter, exceeding analysts' expectations, and experienced a 6.2% year-over-year revenue increase.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Friday.

A number of other equities research analysts have also issued reports on BR. UBS Group increased their target price on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. Needham & Company LLC boosted their price target on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, Morgan Stanley boosted their price target on shares of Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Broadridge Financial Solutions has an average rating of "Hold" and a consensus target price of $261.50.

Broadridge Financial Solutions Stock Performance

Shares of NYSE:BR traded up $1.17 on Friday, hitting $236.05. 603,129 shares of the company were exchanged, compared to its average volume of 642,989. Broadridge Financial Solutions has a 1-year low of $208.20 and a 1-year high of $271.91. The stock's 50 day moving average price is $252.47 and its 200 day moving average price is $242.27. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $27.65 billion, a P/E ratio of 33.29 and a beta of 0.96.

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

Insider Buying and Selling

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey sold 5,674 shares of the business's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $258.37, for a total transaction of $1,465,991.38. Following the completion of the sale, the chief executive officer directly owned 143,285 shares in the company, valued at $37,020,545.45. The trade was a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Christopher John Perry sold 7,036 shares of the company's 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 directly owned 48,813 shares in the company, valued at $12,824,151.36. This represents a 12.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 147,532 shares of company stock valued at $38,417,208. 1.30% of the stock is owned by insiders.

Institutional Trading of Broadridge Financial Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Broadridge Financial Solutions by 2.0% during the second quarter. Vanguard Group Inc. now owns 15,031,420 shares of the business services provider's stock worth $3,653,086,000 after acquiring an additional 298,273 shares during the last quarter. State Street Corp lifted its position in shares of Broadridge Financial Solutions by 0.6% in the second quarter. State Street Corp now owns 5,642,154 shares of the business services provider's stock worth $1,376,006,000 after purchasing an additional 35,061 shares in the last quarter. Geode Capital Management LLC raised its position in Broadridge Financial Solutions by 4.3% during the second quarter. Geode Capital Management LLC now owns 3,292,241 shares of the business services provider's stock valued at $797,031,000 after acquiring an additional 136,386 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Broadridge Financial Solutions by 3.6% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,751,266 shares of the business services provider's stock valued at $425,610,000 after acquiring an additional 61,659 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Broadridge Financial Solutions by 2.5% in the second quarter. Invesco Ltd. now owns 1,466,774 shares of the business services provider's stock valued at $356,470,000 after purchasing an additional 36,355 shares during the period. 90.03% of the stock is owned by institutional investors and hedge funds.

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.

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