In yesterday’s Wall Street session, Broadridge Financial Solutions Inc. (NYSE:BR) shares traded at $141.16, down -0.89% from the previous session.
8 analysts cover Broadridge Financial Solutions Inc. (NYSE:BR), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $183.00 and a low of $135.00, we find $160.50. Given the previous closing price of $142.43, this indicates a potential upside of 12.69 percent. BR stock price is now -1.71% away from the 50-day moving average and -5.28% away from the 200-day moving average. The market capitalization of the company currently stands at $16.40B.
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The stock has received a hold rating from 3 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $161.17 as their price target over the next twelve months.
With the price target of $160, Morgan Stanley recently initiated with Equal-Weight rating for Broadridge Financial Solutions Inc. (NYSE: BR)., while ‘BTIG Research’ rates the stock as ‘Buy’.
In other news, Duelks Robert N, Director sold 1,425 shares of the company’s stock on Feb 24. The stock was sold for $201,017 at an average price of $141.06. Upon completion of the transaction, the Director now directly owns 6,275 shares in the company, valued at $0.89 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 22, Director PERNA THOMAS J sold 42,417 shares of the business’s stock. A total of $6,259,278 was realized by selling the stock at an average price of $147.57. This leaves the insider owning 29,704 shares of the company worth $4.19 million. Insiders disposed of 266,409 shares of company stock worth roughly $37.61 million over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BR stock. A new stake in Broadridge Financial Solutions Inc. shares was purchased by FARMER STEVEN PATRICK during the first quarter worth $114,611,000. AMALGAMATED FINANCIAL CORP. invested $4,851,000 in shares of BR during the first quarter. In the first quarter, ARETE WEALTH ADVISORS, LLC acquired a new stake in Broadridge Financial Solutions Inc. valued at approximately $4,658,000. STRS OHIO acquired a new stake in BR for approximately $4,588,000. PRANA CAPITAL MANAGEMENT, LP purchased a new stake in BR valued at around $4,560,000 in the second quarter. In total, there are 1,125 active investors with 90.40% ownership of the company’s stock.
On Thursday morning Broadridge Financial Solutions Inc. (NYSE: BR) stock kicked off with the opening price of $143.25. During the past 12 months, Broadridge Financial Solutions Inc. has had a low of $131.35 and a high of $183.33. As of last week, the company has a debt-to-equity ratio of 2.30, a current ratio of 1.30, and a quick ratio of 1.30. The fifty day moving average price for BR is $143.62 and a two-hundred day moving average price translates $149.03 for the stock.
The latest earnings results from Broadridge Financial Solutions Inc. (NYSE: BR) was released for Dec, 2022. According to the Information Technology Services Company, earnings per share came in at $0.91, beating analysts’ expectations of $0.9 by 0.01. This compares to $0.40 EPS in the same period last year. The net profit margin was 9.10% and return on equity was 28.70% for BR. The company reported revenue of $1.29 billion for the quarter, compared to $1.26 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.64 percent. For the current quarter, analysts expect BR to generate $1.65B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/05/2023. Investors who held shares on 03/15/2023 were paid a $0.725 dividend. On an annualized basis, this represents a $2.90 dividend and a 2.05% percent yield. There was an ex-dividend date of 03/14/2023 for this dividend. In terms of dividend payout ratio, BR is presently at 60.10%.
Broadridge Financial Solutions Inc.(BR) 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. 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; data and analytics solutions; solutions for public corporations and mutual funds; 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. The company’s 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, clearance 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 management solutions. The company was founded in 1962 and is headquartered in Lake Success, New York.
