Broadridge Financial Solutions (NYSE:BR) Raised to "Buy" at Wall Street Zen

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

Several other research analysts also recently weighed in on BR. Morgan Stanley upped 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 report on Wednesday, August 6th. Needham & Company LLC upped 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 report on Wednesday, August 6th. UBS Group upped their price target on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a "neutral" rating in a research report on Friday, August 8th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Broadridge Financial Solutions in a research report on Saturday, September 27th. Three 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, the company currently has an average rating of "Hold" and an average target price of $261.50.

Broadridge Financial Solutions Trading Up 0.4%

Shares of Broadridge Financial Solutions stock opened at $234.70 on Friday. Broadridge Financial Solutions has a fifty-two week low of $208.20 and a fifty-two week high of $271.91. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a 50-day simple moving average of $251.32 and a two-hundred day simple moving average of $242.53. The company has a market cap of $27.49 billion, a P/E ratio of 33.10 and a beta of 0.95.

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

Insider Activity at Broadridge Financial Solutions

In other news, CEO Timothy C. Gokey sold 5,674 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were 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 owned 143,285 shares of the company's stock, valued at $37,020,545.45. This represents a 3.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Christopher John Perry sold 7,036 shares of the stock in a transaction that occurred 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 of the company's stock, valued at approximately $12,824,151.36. This trade represents a 12.60% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 147,532 shares of company stock valued at $38,417,208. Corporate insiders own 1.30% of the company's stock.

Institutional Trading of Broadridge Financial Solutions

Hedge funds have recently made changes to their positions in the company. D.A. Davidson & CO. purchased a new stake in shares of Broadridge Financial Solutions in the 1st quarter valued at approximately $217,000. CWA Asset Management Group LLC boosted its position in shares of Broadridge Financial Solutions by 6.8% during the 1st quarter. CWA Asset Management Group LLC now owns 1,370 shares of the business services provider's stock worth $332,000 after purchasing an additional 87 shares during the period. Golden State Wealth Management LLC purchased a new position in shares of Broadridge Financial Solutions during the 1st quarter worth approximately $29,000. Sequoia Financial Advisors LLC boosted its position in shares of Broadridge Financial Solutions by 9.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 1,153 shares of the business services provider's stock worth $279,000 after purchasing an additional 101 shares during the period. Finally, Triangle Securities Wealth Management purchased a new position in shares of Broadridge Financial Solutions during the 2nd quarter worth approximately $784,000. Hedge funds and other institutional investors own 90.03% of the company's stock.

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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