Broadridge Financial Solutions (BR) – Investment Analysts’ Weekly Ratings Updates

Broadridge Financial Solutions (NYSE: BR) has recently received a number of price target changes and ratings updates:

• 11/9/2024 – Broadridge Financial Solutions was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 11/6/2024 – Broadridge Financial Solutions had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $246.00 price target on the stock.
• 11/6/2024 – Broadridge Financial Solutions had its price target raised by analysts at Morgan Stanley from $200.00 to $207.00. They now have an “equal weight” rating on the stock.
• 11/1/2024 – Broadridge Financial Solutions was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/24/2024 – Broadridge Financial Solutions was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/16/2024 – Broadridge Financial Solutions was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/8/2024 – Broadridge Financial Solutions was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.

Broadridge Financial Solutions Price Performance

Shares of NYSE BR opened at $229.01 on Thursday. The company has a market capitalization of $26.77 billion, a price-to-earnings ratio of 39.62 and a beta of 1.05. Broadridge Financial Solutions, Inc. has a twelve month low of $179.79 and a twelve month high of $230.00. The business has a 50 day simple moving average of $215.21 and a 200-day simple moving average of $207.66. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.63.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data on Tuesday, November 5th. The business services provider reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.03. Broadridge Financial Solutions had a net margin of 10.57% and a return on equity of 41.79%. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the firm posted $1.09 EPS. Broadridge Financial Solutions’s quarterly revenue was down .6% compared to the same quarter last year. As a group, equities research analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Insider Buying and Selling

In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 10,757 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $226.82, for a total transaction of $2,439,902.74. Following the sale, the vice president now owns 12,689 shares in the company, valued at approximately $2,878,118.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Thomas P. Carey sold 10,757 shares of Broadridge Financial Solutions stock in a transaction on Monday, November 11th. The stock was sold at an average price of $226.82, for a total transaction of $2,439,902.74. Following the transaction, the vice president now owns 12,689 shares in the company, valued at approximately $2,878,118.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Maura A. Markus sold 3,880 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $227.02, for a total value of $880,837.60. Following the completion of the transaction, the director now owns 27,788 shares in the company, valued at $6,308,431.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,996 shares of company stock worth $30,073,732 in the last ninety days. 1.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Broadridge Financial Solutions

Several institutional investors have recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Broadridge Financial Solutions by 108.7% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 83,923 shares of the business services provider’s stock worth $17,192,000 after buying an additional 43,710 shares during the period. Tidal Investments LLC raised its stake in shares of Broadridge Financial Solutions by 99.6% in the first quarter. Tidal Investments LLC now owns 17,707 shares of the business services provider’s stock valued at $3,627,000 after acquiring an additional 8,837 shares during the last quarter. QRG Capital Management Inc. raised its position in Broadridge Financial Solutions by 72.7% in the 1st quarter. QRG Capital Management Inc. now owns 7,009 shares of the business services provider’s stock valued at $1,436,000 after purchasing an additional 2,950 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in Broadridge Financial Solutions by 5.1% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 55,494 shares of the business services provider’s stock worth $11,329,000 after buying an additional 2,685 shares in the last quarter. Finally, BDF Gestion acquired a new position in shares of Broadridge Financial Solutions during the second quarter worth approximately $3,954,000. 90.03% of the stock is currently owned by institutional investors and hedge funds.

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.