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

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Broadridge Financial Solutions in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BR shares.
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3 Wall Street analysts have issued 12-month price objectives for Broadridge Financial Solutions' stock. Their BR share price forecasts range from $135.00 to $183.00. On average, they anticipate the company's stock price to reach $161.40 in the next year. This suggests a possible upside of 5.3% from the stock's current price.
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Broadridge Financial Solutions' stock was trading at $134.13 at the start of the year. Since then, BR stock has increased by 14.3% and is now trading at $153.25.
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Broadridge Financial Solutions saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 2,620,000 shares, an increase of 7.8% from the April 15th total of 2,430,000 shares. Based on an average daily trading volume, of 574,200 shares, the days-to-cover ratio is currently 4.6 days.
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The company is scheduled to release its next quarterly earnings announcement on Friday, August 11th 2023.
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Broadridge Financial Solutions, Inc. (NYSE:BR) posted its earnings results on Tuesday, May, 2nd. The business services provider reported $2.05 earnings per share for the quarter, beating analysts' consensus estimates of $2.01 by $0.04. The business services provider had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.65 billion. Broadridge Financial Solutions had a trailing twelve-month return on equity of 40.29% and a net margin of 9.33%. The business's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.93 EPS.
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Broadridge Financial Solutions announced a quarterly dividend on Wednesday, May 10th. Shareholders of record on Thursday, June 15th will be paid a dividend of $0.725 per share on Thursday, July 6th. This represents a $2.90 annualized dividend and a yield of 1.89%. The ex-dividend date is Wednesday, June 14th.
Read our dividend analysis for BR.

ETFs with the largest weight of Broadridge Financial Solutions (NYSE:BR) stock in their portfolio include Motley Fool Mid-Cap Growth ETF (TMFM), AdvisorShares Focused Equity ETF (CWS), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), ProShares S&P Technology Dividend Aristocrats ETF (TDV), Siren Nasdaq NexGen Economy ETF (BLCN), Invesco S&P 500 Equal Weight Industrials ETF (RGI), VanEck Morningstar SMID Moat ETF (SMOT) and Motley Fool Next Index ETF (TMFX).

Broadridge Financial Solutions (NYSE:BR) pays an annual dividend of $2.90 per share and currently has a dividend yield of 1.98%. The company has been increasing its dividend for 15 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 62.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BR will have a dividend payout ratio of 38.56% 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 2023 earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of $6.91-$7.17 for the period, compared to the consensus earnings per share estimate of $6.92. 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 a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.82%), State Street Corp (3.94%), Price T Rowe Associates Inc. MD (2.96%), Baillie Gifford & Co. (2.69%), Geode Capital Management LLC (2.14%) and Jensen Investment Management Inc. (1.49%). Insiders that own company stock include Adam D Amsterdam, Christopher John Perry, Douglas Richard Deschutter, James M Young, Julie R Taylor, 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 $153.25.

Broadridge Financial Solutions (NYSE:BR) has a market capitalization of $18.08 billion and generates $5.71 billion in revenue each year. The business services provider earns $539.10 million in net income (profit) each year or $4.66 on an earnings per share basis.

The company employs 14,300 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.