Broadridge Financial Solutions (NYSE:BR) Price Target Cut to $230.00 by Analysts at Needham & Company LLC

Key Points

• Needham cut its price target on Broadridge from $255 to $230 but kept a "buy" rating, implying roughly a 49% upside from the current share price.
• Broadridge beat Q3 estimates with EPS of $2.72 and revenue of $1.95B, set FY'26 guidance of $9.41–$9.58 (in line with the Street) and completed the CQG acquisition, although closed sales fell about 19%.
• Shares opened at $154.32 and were down ~4%; analysts are split (four Buy, four Hold) with a consensus price target of $244.14, and institutional investors own roughly 90% of the stock.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) had its target price lowered by stock analysts at Needham & Company LLC from $255.00 to $230.00 in a research report issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the business services provider's stock. Needham & Company LLC's price target would suggest a potential upside of 49.04% from the company's current price.

A number of other research firms also recently weighed in on BR. DA Davidson reissued a "buy" rating and issued a $228.00 price target on shares of Broadridge Financial Solutions in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. cut their price target on Broadridge Financial Solutions from $273.00 to $229.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 4th. Raymond James Financial reissued an "outperform" rating and issued a $257.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday, February 3rd. Wall Street Zen downgraded Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, February 7th. Finally, Weiss Ratings downgraded Broadridge Financial Solutions from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, February 6th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $244.14.

Broadridge Financial Solutions Stock Down 4.0%

NYSE:BR opened at $154.32 on Friday. The stock's fifty day moving average price is $169.22 and its two-hundred day moving average price is $200.50. Broadridge Financial Solutions has a 52-week low of $149.05 and a 52-week high of $271.91. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $18.02 billion, a price-to-earnings ratio of 17.09 and a beta of 1.01.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The business services provider reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.09. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.90 billion. Broadridge Financial Solutions had a return on equity of 40.70% and a net margin of 14.86%.The business's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.44 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. On average, analysts anticipate that Broadridge Financial Solutions will post 9.46 EPS for the current year.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, Director Robert N. Duelks sold 253 shares of the firm's stock in a transaction on Friday, February 6th. The stock was sold at an average price of $192.60, for a total transaction of $48,727.80. Following the sale, the director owned 20,815 shares of the company's stock, valued at approximately $4,008,969. This trade represents a 1.20% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Timothy C. Gokey acquired 5,300 shares of the company's stock in a transaction that occurred on Friday, March 6th. The shares were acquired at an average cost of $194.49 per share, for a total transaction of $1,030,797.00. Following the purchase, the chief executive officer directly owned 142,876 shares in the company, valued at $27,787,953.24. This trade represents a 3.85% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.10% of the company's stock.

Institutional Trading of Broadridge Financial Solutions

Several hedge funds have recently added to or reduced their stakes in BR. Alliancebernstein L.P. raised its stake in Broadridge Financial Solutions by 692.3% during the 3rd quarter. Alliancebernstein L.P. now owns 3,690,705 shares of the business services provider's stock worth $879,015,000 after buying an additional 3,224,891 shares during the period. Norges Bank bought a new position in Broadridge Financial Solutions during the 4th quarter worth about $346,304,000. Van ECK Associates Corp increased its holdings in Broadridge Financial Solutions by 110.6% during the 4th quarter. Van ECK Associates Corp now owns 1,475,283 shares of the business services provider's stock worth $329,239,000 after purchasing an additional 774,747 shares in the last quarter. Pinebridge Investments LLC bought a new position in Broadridge Financial Solutions during the 4th quarter worth about $126,553,000. Finally, JPMorgan Chase & Co. increased its holdings in Broadridge Financial Solutions by 52.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,403,997 shares of the business services provider's stock worth $313,330,000 after purchasing an additional 485,297 shares in the last quarter. Institutional investors and hedge funds own 90.03% of the company's stock.

More Broadridge Financial Solutions News

Here are the key news stories impacting Broadridge Financial Solutions this week:

• Positive Sentiment: Q3 results beat expectations: Broadridge reported adjusted EPS of $2.72 and revenue of $1.95B (up 8% y/y), driven by recurring revenue growth and higher trading volumes; management raised FY'26 recurring revenue and adjusted EPS growth targets — this drove investor confidence. Broadridge Reports Third Quarter Fiscal 2026 Results
• Positive Sentiment: Street confirmations of the beat: multiple outlets highlight the earnings/revenue beat and the EPS raise, reinforcing the upside to estimates and supporting multiple re-ratings. Broadridge Q3 Earnings & Revenues Beat Estimates, Increase Y/Y
• Positive Sentiment: Strategic acquisition: Broadridge closed its purchase of CQG, adding execution management, algo trading and market connectivity for futures/options — this expands addressable market and cross-sells into its order management/client connectivity platform. Broadridge Completes Acquisition of CQG, Unlocking Globally Connected, Multi-Asset Trading Solutions
• Neutral Sentiment: FY'26 EPS guidance set at $9.41–$9.58 (consensus ~9.48) — guidance is essentially in line with Street estimates but tightness of the range leaves limited upside absent stronger execution. Q3 Slide Deck / Guidance
• Negative Sentiment: Closed sales weakness: quarterly closed sales declined ~19% (and are down ~16% YTD), and adjusted operating margin ticked down — if sustained, slower new-sales momentum and margin pressure could limit longer-term upside. Broadridge Reports Third Quarter Fiscal 2026 Results

About Broadridge Financial Solutions

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.