Broadridge Financial Solutions (NYSE:BR) Price Target Lowered to $228.00 at DA Davidson

Broadridge Financial Solutions (NYSE:BR) had its target price decreased by DA Davidson from $240.00 to $228.00 in a report released on Friday morning,Benzinga reports. DA Davidson currently has a neutral rating on the business services provider’s stock.

Several other analysts also recently issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Broadridge Financial Solutions in a report on Monday, December 29th. Morgan Stanley cut their price objective on Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. Wall Street Zen upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, UBS Group dropped their price target on Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating for the company in a research report on Thursday, November 13th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $257.83.

Broadridge Financial Solutions Price Performance

BR stock opened at $207.40 on Friday. The firm has a 50 day moving average of $224.42 and a 200-day moving average of $236.04. Broadridge Financial Solutions has a 12-month low of $204.61 and a 12-month high of $271.91. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The company has a market cap of $24.21 billion, a price-to-earnings ratio of 26.56 and a beta of 0.99.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Tuesday, November 4th. The business services provider reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.32. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.54 billion. Broadridge Financial Solutions had a return on equity of 43.28% and a net margin of 13.11%.Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. As a group, equities analysts expect that Broadridge Financial Solutions will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, December 12th were issued a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, December 12th. Broadridge Financial Solutions’s dividend payout ratio is presently 49.94%.

Insider Activity at Broadridge Financial Solutions

In other news, VP Thomas P. Carey sold 10,214 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $229.26, for a total transaction of $2,341,661.64. Following the completion of the sale, the vice president directly owned 6,026 shares of the company’s stock, valued at $1,381,520.76. The trade was a 62.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Christopher John Perry sold 3,984 shares of Broadridge Financial Solutions stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $226.00, for a total value of $900,384.00. Following the completion of the transaction, the president owned 44,829 shares in the company, valued at $10,131,354. The trade was a 8.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Broadridge Financial Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Broadridge Financial Solutions by 37.1% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,769 shares of the business services provider’s stock valued at $4,708,000 after acquiring an additional 5,346 shares in the last quarter. Shell Asset Management Co. boosted its holdings in Broadridge Financial Solutions by 87.9% in the second quarter. Shell Asset Management Co. now owns 30,069 shares of the business services provider’s stock valued at $7,308,000 after purchasing an additional 14,067 shares during the last quarter. Addenda Capital Inc. increased its holdings in Broadridge Financial Solutions by 28.6% during the 3rd quarter. Addenda Capital Inc. now owns 67,152 shares of the business services provider’s stock worth $16,049,000 after purchasing an additional 14,942 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Broadridge Financial Solutions by 40.8% in the 2nd quarter. Nordea Investment Management AB now owns 220,314 shares of the business services provider’s stock valued at $52,900,000 after purchasing an additional 63,798 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Broadridge Financial Solutions by 62.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 689 shares of the business services provider’s stock valued at $167,000 after buying an additional 265 shares during the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

About Broadridge Financial Solutions

Broadridge Financial Solutions is a global fintech company that provides technology-driven solutions and outsourcing services to the financial services industry. The firm’s core offerings center on investor communications, securities processing and post-trade services, and technology platforms that support capital markets and wealth management operations. Broadridge positions itself as a provider of mission-critical infrastructure that helps financial institutions manage regulatory requirements, investor engagement and operational complexity.

Products and services include proxy and shareholder communications, investor disclosure and digital communications, proxy voting and tabulation, clearing and settlement support, trade processing and reconciliation, and a range of software-as-a-service platforms for wealth and asset managers.