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NYSE:BRBroadridge Financial Solutions Stock Price, Forecast & News

$126.67
+2.67 (+2.15 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$124.85
Now: $126.67
$127.86
50-Day Range
$106.57
MA: $115.55
$124.00
52-Week Range
$81.90
Now: $126.67
$136.99
Volume596,011 shs
Average Volume682,793 shs
Market Capitalization$14.54 billion
P/E Ratio35.68
Dividend Yield1.74%
Beta0.89
Broadridge Financial Solutions, Inc. provides investor communications and technology-driven solutions for the financial services industry worldwide. 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 offers ProxyEdge, an electronic proxy delivery and voting solution. It also provides registered proxy, registrar, stock transfer, and record-keeping services to corporations; and distributes regulatory reports and corporate action/reorganization event information, and tax reporting solutions. In addition, this segment offers customer communication solutions, including processing and distributing its clients' transactional, regulatory, and marketing communications through print and digital channels. Further, it provides cloud-based marketing and customer communication tools, as well as customer and account data aggregation and reporting services; and creates sales and educational content, including seminars and a library of financial planning topics, as well as customizable advisor Websites, search engine marketing, and electronic and print newsletters. Additionally, this segment offers mutual fund and retirement, and mutual fund trade processing services. The company's Global Technology and Operations segment offers middle- and back-office securities processing solutions that include desktop productivity tools, data aggregation, performance reporting, portfolio management, order capture and execution, trade confirmation, margin, cash management, clearance and settlement, asset servicing, reference data management, reconciliation, securities financing and collateral optimization, compliance and regulatory reporting, and accounting. It also provides international securities processing and managed services. The company was founded in 1962 and is headquartered in Lake Success, New York.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.4Community Rank: 1.7Dividend Strength: 5.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.95 out of 5 stars


Industry, Sector and Symbol

Industry Business services, not elsewhere classified
Sub-IndustryData Processing & Outsourced Services
CUSIP11133T10
Phone516-472-5400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.36 billion
Cash Flow$7.16 per share
Book Value$9.71 per share

Profitability

Net Income$482.10 million

Miscellaneous

Employees11,000
Market Cap$14.54 billion
Next Earnings Date8/6/2020 (Estimated)
OptionableOptionable

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Broadridge Financial Solutions (NYSE:BR) Frequently Asked Questions

How has Broadridge Financial Solutions' stock been impacted by COVID-19 (Coronavirus)?

Broadridge Financial Solutions' stock was trading at $97.67 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, BR shares have increased by 29.7% and is now trading at $126.67. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Broadridge Financial Solutions?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Broadridge Financial Solutions in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Broadridge Financial Solutions.

When is Broadridge Financial Solutions' next earnings date?

Broadridge Financial Solutions is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Broadridge Financial Solutions.

How were Broadridge Financial Solutions' earnings last quarter?

Broadridge Financial Solutions, Inc. (NYSE:BR) announced its quarterly earnings data on Friday, May, 8th. The business services provider reported $1.67 EPS for the quarter, missing the Zacks' consensus estimate of $1.70 by $0.03. The business services provider earned $1.25 billion during the quarter, compared to analysts' expectations of $1.24 billion. Broadridge Financial Solutions had a net margin of 9.50% and a return on equity of 46.99%. The firm's revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.59 EPS. View Broadridge Financial Solutions' earnings history.

How often does Broadridge Financial Solutions pay dividends? What is the dividend yield for Broadridge Financial Solutions?

Broadridge Financial Solutions declared a quarterly dividend on Tuesday, May 5th. Stockholders of record on Friday, June 12th will be paid a dividend of $0.54 per share on Thursday, July 2nd. This represents a $2.16 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Thursday, June 11th. View Broadridge Financial Solutions' dividend history.

What guidance has Broadridge Financial Solutions issued on next quarter's earnings?

Broadridge Financial Solutions updated its FY 2020 Pre-Market earnings guidance on Friday, May, 8th. The company provided earnings per share guidance of 4.89-4.99 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.04. The company issued revenue guidance of $4.493-4.493 billion, compared to the consensus revenue estimate of $4.49 billion.

What price target have analysts set for BR?

5 brokerages have issued 12-month target prices for Broadridge Financial Solutions' stock. Their forecasts range from $115.00 to $150.00. On average, they anticipate Broadridge Financial Solutions' share price to reach $133.60 in the next year. This suggests a possible upside of 5.5% from the stock's current price. View analysts' price targets for Broadridge Financial Solutions.

Has Broadridge Financial Solutions been receiving favorable news coverage?

Media headlines about BR stock have trended negative on Saturday, according to InfoTrie. The research group identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Broadridge Financial Solutions earned a coverage optimism score of -2.1 on InfoTrie's scale. They also assigned news headlines about the business services provider a news buzz of 3.0 out of 10, meaning that recent news coverage is unlikely to have an effect on the company's share price in the next several days. View the latest news aboutBroadridge Financial Solutions.

Are investors shorting Broadridge Financial Solutions?

Broadridge Financial Solutions saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,670,000 shares, an increase of 9.2% from the April 30th total of 1,530,000 shares. Based on an average daily trading volume, of 1,090,000 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.5% of the company's stock are short sold. View Broadridge Financial Solutions' Current Options Chain.

Who are some of Broadridge Financial Solutions' key competitors?

What other stocks do shareholders of Broadridge Financial Solutions own?

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), Alibaba Group (BABA), Walt Disney (DIS), Netflix (NFLX), Home Depot (HD), Paypal (PYPL), AT&T (T) and Visa (V).

Who are Broadridge Financial Solutions' key executives?

Broadridge Financial Solutions' management team includes the following people:
  • Mr. Richard J. Daly, Exec. Chairman (Age 66)
  • Mr. Timothy C. Gokey, Pres, CEO & Director (Age 57)
  • Mr. James M. Young, Corp. VP & CFO (Age 48)
  • Mr. Christopher J. Perry, Corp. Sr. VP of Global Sales, Marketing & Client Solutions (Age 57)
  • Mr. Robert Schifellite, Corp. Sr. VP of Investor Communication Solutions (Age 61)

What is Broadridge Financial Solutions' stock symbol?

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

Who are Broadridge Financial Solutions' major shareholders?

Broadridge Financial Solutions' stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.64%), Janus Henderson Group PLC (5.67%), State Street Corp (4.33%), Baillie Gifford & Co. (3.12%), Atlanta Capital Management Co. L L C (1.81%) and Wells Fargo & Company MN (1.65%). Company insiders that own Broadridge Financial Solutions stock include Adam D Amsterdam, Alan J Weber, C Elisa D Garcia, Douglas Richard Deschutter, James M Young, Julie R Taylor, Laura Matlin, Leslie A Brun, Maura A Markus, Richard J Daly, Robert F Kalenka, Robert N Duelks, Robert Schifellite, Stuart R Levine, Thomas J Perna, Thomas P Carey, Timothy C Gokey and Vijay Mayadas. View institutional ownership trends for Broadridge Financial Solutions.

Which major investors are selling Broadridge Financial Solutions stock?

BR stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Deutsche Bank AG, Bessemer Group Inc., BlackRock Inc., Schroder Investment Management Group, Nuveen Asset Management LLC, and Baird Financial Group Inc.. Company insiders that have sold Broadridge Financial Solutions company stock in the last year include Adam D Amsterdam, Alan J Weber, C Elisa D Garcia, Douglas Richard Deschutter, James M Young, Julie R Taylor, Leslie A Brun, Maura A Markus, Richard J Daly, Robert F Kalenka, Robert N Duelks, Robert Schifellite, Stuart R Levine, Thomas J Perna, Thomas P Carey, Timothy C Gokey, and Vijay Mayadas. View insider buying and selling activity for Broadridge Financial Solutions.

Which major investors are buying Broadridge Financial Solutions stock?

BR stock was bought by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Vaughan Nelson Investment Management L.P., Ceredex Value Advisors LLC, Janus Henderson Group PLC, Alta Capital Management LLC, Franklin Resources Inc., London Co. of Virginia, and APG Asset Management N.V.. View insider buying and selling activity for Broadridge Financial Solutions.

How do I buy shares of Broadridge Financial Solutions?

Shares of BR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Broadridge Financial Solutions' stock price today?

One share of BR stock can currently be purchased for approximately $126.67.

How big of a company is Broadridge Financial Solutions?

Broadridge Financial Solutions has a market capitalization of $14.54 billion and generates $4.36 billion in revenue each year. The business services provider earns $482.10 million in net income (profit) each year or $4.66 on an earnings per share basis. Broadridge Financial Solutions employs 11,000 workers across the globe.

What is Broadridge Financial Solutions' official website?

The official website for Broadridge Financial Solutions is www.broadridge.com.

How can I contact Broadridge Financial Solutions?

Broadridge Financial Solutions' mailing address is 5 DAKOTA DRIVE, LAKE SUCCESS NY, 11042. The business services provider can be reached via phone at 516-472-5400 or via email at [email protected]

This page was last updated on 6/6/2020 by MarketBeat.com Staff

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