Wall Street Zen Downgrades Broadridge Financial Solutions (NYSE:BR) to Hold

Broadridge Financial Solutions (NYSE:BR) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Friday.

Several other research firms also recently issued reports on BR. Morgan Stanley boosted their price objective on Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 6th. UBS Group boosted their price objective on Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a “neutral” rating in a report on Friday, August 8th. Finally, Needham & Company LLC boosted their price objective on Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Broadridge Financial Solutions presently has a consensus rating of “Hold” and an average price target of $261.50.

Broadridge Financial Solutions Price Performance

Shares of Broadridge Financial Solutions stock opened at $236.05 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.04. The company’s 50-day moving average price is $252.47 and its two-hundred day moving average price is $242.39. Broadridge Financial Solutions has a 52 week low of $208.20 and a 52 week high of $271.91. The stock has a market cap of $27.65 billion, a PE ratio of 33.29 and a beta of 0.96.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Tuesday, August 5th. The business services provider reported $3.55 EPS for the quarter, topping the consensus estimate of $3.51 by $0.04. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the previous year, the business earned $3.50 earnings per share. Broadridge Financial Solutions’s revenue for the quarter was up 6.2% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. As a group, sell-side analysts anticipate that Broadridge Financial Solutions will post 8.53 EPS for the current fiscal year.

Insider Transactions at Broadridge Financial Solutions

In related news, President Christopher John Perry sold 7,036 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $262.72, for a total value of $1,848,497.92. Following the completion of the sale, the president owned 48,813 shares of the company’s stock, valued at approximately $12,824,151.36. The trade was a 12.60% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Timothy C. Gokey sold 84,571 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $259.53, for a total value of $21,948,711.63. Following the completion of the sale, the chief executive officer directly owned 165,634 shares of the company’s stock, valued at approximately $42,986,992.02. The trade was a 33.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,532 shares of company stock worth $38,417,208 in the last quarter. 1.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Broadridge Financial Solutions

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Broadridge Financial Solutions by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 15,031,420 shares of the business services provider’s stock valued at $3,653,086,000 after buying an additional 298,273 shares in the last quarter. State Street Corp grew its stake in shares of Broadridge Financial Solutions by 0.6% in the 2nd quarter. State Street Corp now owns 5,642,154 shares of the business services provider’s stock valued at $1,376,006,000 after buying an additional 35,061 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Broadridge Financial Solutions by 4.3% in the 2nd quarter. Geode Capital Management LLC now owns 3,292,241 shares of the business services provider’s stock valued at $797,031,000 after buying an additional 136,386 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Broadridge Financial Solutions by 3.6% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,751,266 shares of the business services provider’s stock valued at $425,610,000 after buying an additional 61,659 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Broadridge Financial Solutions by 2.5% in the 2nd quarter. Invesco Ltd. now owns 1,466,774 shares of the business services provider’s stock valued at $356,470,000 after buying an additional 36,355 shares in the last quarter. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Company Profile

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.