Broadridge Financial Solutions (NYSE:BR) Price Target Raised to $181.00

Broadridge Financial Solutions (NYSE:BR) had its price objective raised by investment analysts at Morgan Stanley from $176.00 to $181.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the business services provider’s stock. Morgan Stanley‘s target price would suggest a potential downside of 5.22% from the stock’s current price.

A number of other brokerages have also recently issued reports on BR. DA Davidson reissued a “buy” rating and set a $214.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, October 27th. Weiss Ratings upgraded shares of Broadridge Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. UBS Group reissued a “neutral” rating and set a $180.00 price target on shares of Broadridge Financial Solutions in a research note on Monday, August 17th. Finally, Royal Bank Of Canada boosted their price objective on shares of Broadridge Financial Solutions from $225.00 to $226.00 and gave the stock an “outperform” rating in a research report on Monday, August 31st. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $216.71.

Broadridge Financial Solutions Stock Performance

NYSE:BR traded up $7.21 during midday trading on Wednesday, reaching $190.97. The stock had a trading volume of 492,471 shares, compared to its average volume of 1,314,371. The stock has a market capitalization of $21.56 billion, a P/E ratio of 19.87 and a beta of 0.90. The firm’s fifty day simple moving average is $171.62 and its 200-day simple moving average is $166.21. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.24 and a quick ratio of 1.24. Broadridge Financial Solutions has a 1-year low of $133.83 and a 1-year high of $233.10.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Tuesday, November 3rd. The business services provider reported $1.56 EPS for the quarter, topping the consensus estimate of $1.37 by $0.19. Broadridge Financial Solutions had a return on equity of 40.25% and a net margin of 15.04%. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the business posted $1.51 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities research analysts forecast that Broadridge Financial Solutions will post 10.54 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, VP Thomas Carey sold 2,501 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $159.76, for a total transaction of $399,559.76. Following the transaction, the vice president owned 8,800 shares of the company’s stock, valued at $1,405,888. This trade represents a 22.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Broadridge Financial Solutions

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Broadridge Financial Solutions in the second quarter valued at about $1,473,918,000. Jupiter Topco LLC bought a new stake in Broadridge Financial Solutions during the 2nd quarter worth approximately $261,852,000. Van ECK Associates Corp boosted its holdings in shares of Broadridge Financial Solutions by 11.3% in the second quarter. Van ECK Associates Corp now owns 1,875,684 shares of the business services provider’s stock valued at $256,875,000 after buying an additional 190,301 shares during the period. The Manufacturers Life Insurance Company bought a new stake in shares of Broadridge Financial Solutions during the second quarter worth $197,921,000. Finally, Amundi raised its holdings in shares of Broadridge Financial Solutions by 67.5% during the first quarter. Amundi now owns 1,059,021 shares of the business services provider’s stock worth $172,070,000 after acquiring an additional 426,587 shares during the period. Institutional investors and hedge funds own 90.03% of the company’s stock.

Key Stories Impacting Broadridge Financial Solutions

Here are the key news stories impacting Broadridge Financial Solutions this week:

• Positive Sentiment: Fiscal Q1 adjusted EPS of $1.56 topped the $1.37 consensus, while revenue of $1.67 billion also exceeded estimates. Recurring revenue rose 11%, and closed sales increased 10% to $36 million. Broadridge Q1 results
• Positive Sentiment: Management reaffirmed fiscal 2027 guidance, including 8%–12% adjusted EPS growth and 6%–8% constant-currency recurring-revenue growth, supporting confidence in the annual outlook. Guidance and growth initiatives
• Positive Sentiment: The NYSE selected Broadridge to provide on-chain shareholder services, including voting, for a tokenized-securities project. The partnership could position BR to benefit as financial markets adopt tokenization. NYSE tokenized-securities partnership
• Negative Sentiment: Operating income fell 8% and adjusted operating income declined 9%; adjusted operating margin contracted to 13.8% from 15.8%. The company also noted that event-driven revenue weighed on results, tempering the otherwise strong recurring-revenue and earnings performance. Quarterly results analysis

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc (NYSE: BR) is a financial technology and business services company that provides communications, data, and technology solutions to financial institutions, public companies, and investors. Its services support the administration and communication of financial information across the investment lifecycle.

The company’s offerings include investor communications, proxy and corporate governance services, securities processing, trade and portfolio management, and technology platforms for wealth and investment management firms.