Broadridge Financial Solutions (NYSE:BR) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Broadridge Financial Solutions (NYSE:BR - Get Free Report) issued its quarterly earnings results on Thursday. The business services provider reported $2.44 EPS for the quarter, beating analysts' consensus estimates of $2.41 by $0.03, Zacks reports. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the company earned $2.23 earnings per share. The company's quarterly revenue was up 5.0% compared to the same quarter last year. Broadridge Financial Solutions updated its FY 2025 guidance to 8.350-8.660 EPS.

Broadridge Financial Solutions Price Performance

Shares of BR traded up $4.82 during trading hours on Friday, hitting $232.83. 599,949 shares of the company were exchanged, compared to its average volume of 532,189. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.35. The company has a market capitalization of $27.25 billion, a PE ratio of 36.44 and a beta of 1.06. The firm has a fifty day simple moving average of $234.48 and a 200-day simple moving average of $231.21. Broadridge Financial Solutions has a one year low of $188.30 and a one year high of $247.01.

Broadridge Financial Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th were issued a $0.88 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $3.52 annualized dividend and a dividend yield of 1.51%. Broadridge Financial Solutions's dividend payout ratio is currently 55.09%.

Analyst Ratings Changes

BR has been the topic of several research analyst reports. Morgan Stanley raised their target price on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an "equal weight" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. raised their price objective on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. DA Davidson restated a "neutral" rating and issued a $215.00 target price on shares of Broadridge Financial Solutions in a research report on Tuesday, January 21st. StockNews.com cut Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research report on Wednesday. Finally, UBS Group boosted their price objective on Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $241.00.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey sold 95,956 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $235.43, for a total transaction of $22,590,921.08. Following the sale, the chief executive officer now directly owns 169,788 shares of the company's stock, valued at $39,973,188.84. The trade was a 36.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Laura Matlin sold 514 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $241.60, for a total value of $124,182.40. Following the completion of the sale, the vice president now owns 6,602 shares of the company's stock, valued at $1,595,043.20. The trade was a 7.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 124,754 shares of company stock valued at $29,397,793 over the last three months. Company insiders own 1.30% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Broadridge Financial Solutions stock. Brighton Jones LLC bought a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,565 shares of the business services provider's stock, valued at approximately $580,000. Hedge funds and other 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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