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NYSE:BR

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

$194.49
-1.18 (-0.60%)
(As of 10:45 AM ET)
Today's Range
$194.37
$196.36
50-Day Range
$193.56
$207.23
52-Week Range
$139.52
$210.24
Volume
62,159 shs
Average Volume
513,530 shs
Market Capitalization
$22.91 billion
P/E Ratio
33.88
Dividend Yield
1.65%
Price Target
$206.67

Broadridge Financial Solutions MarketRank™ Stock Analysis

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
5.6% Upside
$206.67 Price Target
Short Interest
Healthy
0.74% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.19
Upright™ Environmental Score
News Sentiment
0.66mentions of Broadridge Financial Solutions in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$9.75 M Sold Last Quarter
Proj. Earnings Growth
8.81%
From $7.72 to $8.40 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.34 out of 5 stars

Business Services Sector

45th out of 321 stocks

Business Services, Not Elsewhere Classified Industry

20th out of 90 stocks

BR stock logo

About Broadridge Financial Solutions Stock (NYSE:BR)

Broadridge Financial Solutions, Inc. provides investor communications and technology-driven solutions for the financial services industry. 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 distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions. It also offers ProxyEdge, an electronic proxy delivery and voting solution; data-driven solutions and an end-to-end platform for content management, composition, and omni-channel distribution of regulatory, marketing, and transactional information, as well as mutual fund trade processing services; solutions for public corporations and mutual funds; data and analytics solutions; SEC filing and capital markets transaction services; registrar, stock transfer, and record-keeping services; and omni-channel customer communications solutions, as well as operates Broadridge Communications Cloud platform that creates, delivers, and manages communications and customer engagement activities. Its Global Technology and Operations segment provides solutions that automate the front-to-back transaction lifecycle of equity, mutual fund, fixed income, foreign exchange and exchange-traded derivatives, order capture and execution, trade confirmation, margin, cash management, clearing and settlement, reference data management, reconciliations, securities financing and collateral management, asset servicing, compliance and regulatory reporting, portfolio accounting, and custody-related services. This segment also offers business process outsourcing services; technology solutions, such portfolio management, compliance, fee billing, and operational support solutions; and capital market and wealth and investment management solutions. The company was founded in 1962 and is headquartered in Lake Success, New York.

BR Stock Price History

BR Stock News Headlines

A.I. “Perfect Storm” Could Send THESE Stocks Sky High
A little-known investment analyst whose performance beat out 15,000+ other experts in 2020 has identified an opportunity in the A.I. space. He's calling it A.I.'s perfect storm.
Broadridge Names Hope Jarkowski Chief Legal Officer
A.I. “Perfect Storm” Could Send THESE Stocks Sky High
A little-known investment analyst whose performance beat out 15,000+ other experts in 2020 has identified an opportunity in the A.I. space. He's calling it A.I.'s perfect storm.
Broadridge Financial Solutions, Inc.
See More Headlines
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Company Calendar

Last Earnings
2/01/2024
Ex-Dividend for 4/5 Dividend
3/14/2024
Dividend Payable
4/05/2024
Today
4/16/2024
Next Earnings (Estimated)
5/07/2024
Fiscal Year End
6/30/2024

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
Data Processing & Outsourced Services
CUSIP
11133T10
Fax
N/A
Employees
14,700
Year Founded
1962

Price Target and Rating

Average Stock Price Target
$206.67
High Stock Price Target
$239.00
Low Stock Price Target
$180.00
Potential Upside/Downside
+5.8%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$630.60 million
Pretax Margin
13.73%

Debt

Sales & Book Value

Annual Sales
$6.06 billion
Cash Flow
$10.49 per share
Book Value
$18.99 per share

Miscellaneous

Free Float
115,888,000
Market Cap
$23.00 billion
Optionable
Optionable
Beta
0.99

Social Links

12 Stocks Corporate Insiders are Abandoning Cover

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Should I Buy Broadridge Financial Solutions Stock? BR Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Broadridge Financial Solutions, Inc.:

  • Recent increase in institutional ownership and hedge fund interest, indicating confidence in the company's future growth potential.
  • Strong financial performance with consistent revenue growth and profitability, providing stability and potential for returns.
  • Expansion of technology-driven solutions for the financial services industry, positioning the company well in a rapidly evolving market.
  • Diversified service offerings including data processing, regulatory reporting, and customer communications, reducing dependency on a single revenue stream.
  • Current stock price is relatively stable and attractive, offering a potential entry point for investors seeking value.

Cons

Investors should be bearish about investing in Broadridge Financial Solutions, Inc. for these reasons:

  • Market competition in the data processing and outsourced services industry may impact the company's market share and pricing power.
  • Dependency on the financial services sector for revenue, making the company susceptible to economic downturns in the industry.
  • Potential regulatory challenges and compliance costs could increase operational expenses and affect profitability.
  • Limited geographical diversification, with a significant portion of revenue generated from the U.S. market, exposing the company to local market risks.
  • Uncertainty in global economic conditions and financial markets, which could impact demand for the company's services and solutions.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Broadridge Financial Solutions pros and cons to contact@marketbeat.com.

BR Stock Analysis - Frequently Asked Questions

Should I buy or sell Broadridge Financial Solutions stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Broadridge Financial Solutions in the last year. There are currently 4 hold ratings and 3 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.
View BR analyst ratings
or view top-rated stocks.

What is Broadridge Financial Solutions' stock price target for 2024?

7 brokers have issued 12-month price objectives for Broadridge Financial Solutions' stock. Their BR share price targets range from $180.00 to $239.00. On average, they expect the company's stock price to reach $206.67 in the next year. This suggests a possible upside of 5.6% from the stock's current price.
View analysts price targets for BR
or view top-rated stocks among Wall Street analysts.

How have BR shares performed in 2024?

Broadridge Financial Solutions' stock was trading at $205.75 at the start of the year. Since then, BR shares have decreased by 4.9% and is now trading at $195.67.
View the best growth stocks for 2024 here
.

Are investors shorting Broadridge Financial Solutions?

Broadridge Financial Solutions saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 871,500 shares, a decline of 35.4% from the March 15th total of 1,350,000 shares. Based on an average daily volume of 530,600 shares, the short-interest ratio is currently 1.6 days.
View Broadridge Financial Solutions' Short Interest
.

When is Broadridge Financial Solutions' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our BR earnings forecast
.

How were Broadridge Financial Solutions' earnings last quarter?

Broadridge Financial Solutions, Inc. (NYSE:BR) issued its quarterly earnings data on Thursday, February, 1st. The business services provider reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.03. The business services provider had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.40 billion. Broadridge Financial Solutions had a trailing twelve-month return on equity of 41.12% and a net margin of 10.82%. Broadridge Financial Solutions's quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.91 EPS.
Read the conference call transcript
.

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

Broadridge Financial Solutions announced a quarterly dividend on Friday, February 16th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.80 per share on Friday, April 5th. This represents a $3.20 annualized dividend and a yield of 1.64%. The ex-dividend date is Thursday, March 14th.
Read our dividend analysis for BR
.

Is Broadridge Financial Solutions a good dividend stock?

Broadridge Financial Solutions (NYSE:BR) pays an annual dividend of $3.20 per share and currently has a dividend yield of 1.61%. The company has been increasing its dividend for 17 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 55.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BR will have a dividend payout ratio of 38.10% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BR.

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

Broadridge Financial Solutions updated its FY 2024 earnings guidance on Thursday, February, 1st. The company provided EPS guidance of 7.570-7.850 for the period, compared to the consensus EPS estimate of 7.730. The company issued revenue guidance of -.

What is Tim Gokey's approval rating as Broadridge Financial Solutions' CEO?

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.

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), Home Depot (HD), Alibaba Group (BABA), Walt Disney (DIS), AbbVie (ABBV), Advanced Micro Devices (AMD), Intel (INTC) and Cisco Systems (CSCO).

Who are Broadridge Financial Solutions' major shareholders?

Broadridge Financial Solutions' stock is owned by a variety of institutional and retail investors. Top institutional investors include Confluence Investment Management LLC (0.60%), Bath Savings Trust Co (0.10%), Douglas Lane & Associates LLC (0.08%), Congress Asset Management Co. MA (0.07%), Running Oak Capital LLC (0.05%) and Transform Wealth LLC (0.03%). 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.
View institutional ownership trends
.

How do I buy shares of Broadridge Financial Solutions?

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

This page (NYSE:BR) was last updated on 4/16/2024 by MarketBeat.com Staff

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