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

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Broadridge Financial Solutions in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BR shares.
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3 analysts have issued 1 year target prices for Broadridge Financial Solutions' shares. Their BR share price forecasts range from $135.00 to $183.00. On average, they predict the company's stock price to reach $161.40 in the next twelve months. This suggests a possible upside of 8.3% from the stock's current price.
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Broadridge Financial Solutions' stock was trading at $134.13 at the beginning of 2023. Since then, BR shares have increased by 11.1% and is now trading at $149.00.
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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 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) released its quarterly earnings data on Tuesday, May, 2nd. The business services provider reported $2.05 EPS for the quarter, topping the consensus estimate of $2.01 by $0.04. The business services provider had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.65 billion. Broadridge Financial Solutions had a net margin of 9.33% and a trailing twelve-month return on equity of 40.29%. The business's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the company posted $1.93 EPS.
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Broadridge Financial Solutions declared a quarterly dividend on Wednesday, May 10th. Investors 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 1.95%. 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 issued an update on its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (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 many different institutional and retail investors. Top institutional investors 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 $149.00.

Broadridge Financial Solutions (NYSE:BR) has a market capitalization of $17.58 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.