Broadridge Financial Solutions (NYSE:BR) Reaches New 12-Month Low – What’s Next?
by Danessa Lincoln · The Markets DailyShares of Broadridge Financial Solutions, Inc. (NYSE:BR – Get Free Report) reached a new 52-week low on Tuesday . The stock traded as low as $211.67 and last traded at $211.2670, with a volume of 356726 shares traded. The stock had previously closed at $218.64.
Analysts Set New Price Targets
Several brokerages have recently issued reports on BR. Wall Street Zen raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Morgan Stanley reduced their price target on shares of 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. DA Davidson restated a “neutral” rating and set a $240.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, October 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Broadridge Financial Solutions in a research note on Monday, December 29th. Finally, UBS Group reduced their target price on shares of 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat, Broadridge Financial Solutions has a consensus rating of “Hold” and an average price target of $259.83.
View Our Latest Research Report on Broadridge Financial Solutions
Broadridge Financial Solutions Stock Down 4.3%
The firm has a market capitalization of $24.41 billion, a P/E ratio of 26.78 and a beta of 0.99. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a 50 day moving average of $225.71 and a 200-day moving average of $236.89.
Broadridge Financial Solutions (NYSE:BR – Get Free Report) last posted its earnings results on Tuesday, November 4th. The business services provider reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.32. Broadridge Financial Solutions had a net margin of 13.11% and a return on equity of 43.28%. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.54 billion. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. Research analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.
Broadridge Financial Solutions Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Friday, December 12th were given a dividend of $0.975 per share. The ex-dividend date was Friday, December 12th. This represents a $3.90 annualized dividend and a dividend yield of 1.9%. Broadridge Financial Solutions’s dividend payout ratio is currently 49.94%.
Insiders Place Their Bets
In other Broadridge Financial Solutions news, President Christopher John Perry sold 3,984 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was 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. This trade represents a 8.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas P. Carey sold 10,214 shares of Broadridge Financial Solutions stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $229.26, for a total value of $2,341,661.64. Following the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by company insiders.
Institutional Trading of Broadridge Financial Solutions
Several institutional investors and hedge funds have recently modified their holdings of BR. Sierra Legacy Group bought a new position in shares of Broadridge Financial Solutions in the fourth quarter worth approximately $446,000. Princeton Global Asset Management LLC lifted its position in Broadridge Financial Solutions by 0.4% during the fourth quarter. Princeton Global Asset Management LLC now owns 17,582 shares of the business services provider’s stock valued at $3,924,000 after purchasing an additional 78 shares during the last quarter. Ascent Group LLC grew its stake in Broadridge Financial Solutions by 15.1% in the 4th quarter. Ascent Group LLC now owns 1,191 shares of the business services provider’s stock worth $266,000 after buying an additional 156 shares in the last quarter. Savvy Advisors Inc. purchased a new position in Broadridge Financial Solutions in the 4th quarter worth approximately $586,000. Finally, Stratos Wealth Partners LTD. increased its holdings in shares of Broadridge Financial Solutions by 0.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 19,670 shares of the business services provider’s stock worth $4,390,000 after buying an additional 72 shares during the last quarter. Hedge funds and other institutional investors own 90.03% of the company’s stock.
Broadridge Financial Solutions Company Profile
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.