Broadridge Financial Solutions, Inc. (NYSE:BR) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Broadridge Financial Solutions has a “Moderate Buy” consensus rating from eight analysts, split evenly between buy and hold recommendations. The average 12-month price target is $216, well above the reported $157.03 share price.
• Broadridge reported quarterly EPS of $3.82, exceeding the $3.76 consensus estimate, while revenue rose 7.5% year over year to $2.22 billion. The company also issued fiscal 2027 EPS guidance of $10.37–$10.75.
• The company increased its quarterly dividend to $1.09 per share, or $4.36 annualized, representing a 2.8% yield and a 45.32% payout ratio; institutional investors own approximately 90% of the stock.

Broadridge Financial Solutions, Inc. (NYSE:BR - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eight research firms that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $216.00.

Several analysts have issued reports on the stock. Weiss Ratings restated a "hold (c-)" rating on shares of Broadridge Financial Solutions in a research report on Friday, August 7th. Morgan Stanley boosted their target price on Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an "equal weight" rating in a research note on Thursday, August 6th. Royal Bank Of Canada increased their target price on Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an "outperform" rating in a report on Monday, August 31st. Finally, UBS Group restated a "neutral" rating and set a $180.00 price target on shares of Broadridge Financial Solutions in a research report on Monday, August 17th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. grew its stake in shares of Broadridge Financial Solutions by 218.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 14,970 shares of the business services provider's stock worth $2,050,000 after purchasing an additional 10,266 shares during the last quarter. Strs Ohio raised its position in Broadridge Financial Solutions by 25.8% during the 1st quarter. Strs Ohio now owns 48,787 shares of the business services provider's stock valued at $7,927,000 after purchasing an additional 9,996 shares during the last quarter. Western Wealth Management LLC bought a new position in Broadridge Financial Solutions during the 1st quarter valued at approximately $959,000. Counterpoint Mutual Funds LLC purchased a new stake in Broadridge Financial Solutions in the 1st quarter worth approximately $4,211,000. Finally, Empowered Funds LLC lifted its holdings in Broadridge Financial Solutions by 29.9% in the 1st quarter. Empowered Funds LLC now owns 48,430 shares of the business services provider's stock worth $7,869,000 after buying an additional 11,152 shares during the period. 90.03% of the stock is owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Trading Down 2.6%

BR stock opened at $157.03 on Friday. The company has a market capitalization of $17.73 billion, a PE ratio of 16.32 and a beta of 0.92. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.24 and a current ratio of 1.24. Broadridge Financial Solutions has a one year low of $133.83 and a one year high of $238.73. The company's 50 day moving average price is $168.95 and its two-hundred day moving average price is $158.15.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The business services provider reported $3.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.76 by $0.06. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. The company had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter in the prior year, the company earned $3.55 EPS. The firm's revenue was up 7.5% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. As a group, analysts predict that Broadridge Financial Solutions will post 10.54 earnings per share for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Thursday, September 3rd will be paid a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from Broadridge Financial Solutions's previous quarterly dividend of $0.9750. The ex-dividend date of this dividend is Thursday, September 3rd. Broadridge Financial Solutions's payout ratio is currently 45.32%.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc is a financial technology and services company that provides communications, technology and data solutions to financial institutions, public companies and other organizations. Its platforms support critical business processes across investor communications, capital markets, wealth management and corporate governance.

The company's services include proxy and regulatory communications, shareholder and customer communications, securities processing, trading and operations technology, portfolio and wealth management tools, and governance solutions.

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