Broadridge Financial Solutions (BR) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Broadridge Financial Solutions in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" BR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BR, but not buy additional shares or sell existing shares.
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5 Wall Street research analysts have issued twelve-month target prices for Broadridge Financial Solutions' stock. Their BR share price forecasts range from $135.00 to $192.00. On average, they anticipate the company's share price to reach $173.67 in the next twelve months. This suggests that the stock has a possible downside of 6.1%.
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Broadridge Financial Solutions' stock was trading at $134.13 at the start of the year. Since then, BR shares have increased by 37.9% and is now trading at $184.90.
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Broadridge Financial Solutions saw a drop in short interest in August. As of August 31st, there was short interest totaling 1,870,000 shares, a drop of 13.0% from the August 15th total of 2,150,000 shares. Based on an average trading volume of 481,900 shares, the days-to-cover ratio is presently 3.9 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
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Broadridge Financial Solutions, Inc. (NYSE:BR) posted its quarterly earnings data on Tuesday, August, 8th. The business services provider reported $3.21 EPS for the quarter, topping the consensus estimate of $3.10 by $0.11. The business services provider had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.87 billion. Broadridge Financial Solutions had a net margin of 10.40% and a trailing twelve-month return on equity of 42.09%. The firm's revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.65 EPS.
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Broadridge Financial Solutions announced a quarterly dividend on Monday, August 7th. Shareholders of record on Friday, September 15th will be given a dividend of $0.80 per share on Thursday, October 5th. This represents a $3.20 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Thursday, September 14th. This is a positive change from the stock's previous quarterly dividend of $0.73.
Read our dividend analysis for BR.

ETFs with the largest weight of Broadridge Financial Solutions (NYSE:BR) stock in their portfolio include AdvisorShares Focused Equity ETF (CWS), Motley Fool Mid-Cap Growth ETF (TMFM), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), BTD Capital Fund (DIP), ProShares S&P Technology Dividend Aristocrats ETF (TDV), Core Alternative ETF (CCOR), Running Oak Efficient Growth ETF (RUNN) and Nuveen ESG Mid-Cap Value ETF (NUMV).

Broadridge Financial Solutions (NYSE:BR) pays an annual dividend of $3.20 per share and currently has a dividend yield of 1.74%. The company has been increasing its dividend for 16 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 60.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BR will have a dividend payout ratio of 38.79% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BR.

Broadridge Financial Solutions updated its FY 2024 earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of $7.57-$7.85 for the period, compared to the consensus estimate of $7.55. The company issued revenue guidance of -.

191 employees have rated Broadridge Financial Solutions Chief Executive Officer Tim Gokey on Glassdoor.com. Tim Gokey has an approval rating of 90% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Broadridge Financial Solutions investors own include NVIDIA (NVDA), Mastercard (MA), Verizon Communications (VZ), Home Depot (HD), Alibaba Group (BABA), Walt Disney (DIS), AbbVie (ABBV), Advanced Micro Devices (AMD), Intel (INTC) and Cisco Systems (CSCO).

Broadridge Financial Solutions trades on the New York Stock Exchange (NYSE) under the ticker symbol "BR."

Broadridge Financial Solutions' stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (8.14%), State Street Corp (3.95%), Capital International Investors (3.14%), Baillie Gifford & Co. (2.62%), Geode Capital Management LLC (2.11%) and Jensen Investment Management Inc. (1.51%). Insiders that own company stock include Adam D Amsterdam, Christopher John Perry, Douglas Richard Deschutter, Keir D Gumbs, Laura Matlin, Leslie A Brun, Michael Liberatore, Richard J Daly, Richard John Stingi, Robert N Duelks, Robert Schifellite, Thomas J Perna, Thomas P Carey, Timothy C Gokey and Vijay Mayadas.
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Shares of BR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BR stock can currently be purchased for approximately $184.90.

Broadridge Financial Solutions (NYSE:BR) has a market capitalization of $21.84 billion and generates $6.06 billion in revenue each year. The business services provider earns $630.60 million in net income (profit) each year or $5.29 on an earnings per share basis.

The company employs 14,700 workers across the globe.

Broadridge Financial Solutions' mailing address is 5 DAKOTA DRIVE, LAKE SUCCESS NY, 11042. The official website for the company is www.broadridge.com. The business services provider can be reached via phone at (516) 472-5400 or via email at broadridgeir@broadridge.com.