Broadridge Financial Solutions (NYSE:BR) Announces Quarterly Earnings Results

Broadridge Financial Solutions (NYSE:BR) posted its quarterly earnings data on Friday. The business services provider reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.24, RTT News reports. Broadridge Financial Solutions had a net margin of 10.57% and a return on equity of 41.79%. During the same quarter last year, the business posted $0.92 earnings per share. Broadridge Financial Solutions updated its FY 2025 guidance to 8.350-8.660 EPS.

Broadridge Financial Solutions Stock Up 0.0 %

NYSE:BR traded up $0.11 on Friday, hitting $239.23. 296,263 shares of the company’s stock traded hands, compared to its average volume of 471,474. The firm has a 50-day moving average price of $231.10 and a 200-day moving average price of $219.96. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.63. The company has a market cap of $27.96 billion, a PE ratio of 41.47 and a beta of 1.08. Broadridge Financial Solutions has a 1 year low of $188.30 and a 1 year high of $241.45.

Broadridge Financial Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were given a dividend of $0.88 per share. The ex-dividend date was Friday, December 13th. This represents a $3.52 dividend on an annualized basis and a yield of 1.47%. Broadridge Financial Solutions’s payout ratio is presently 60.90%.

Insider Buying and Selling

In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 24,185 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $220.21, for a total value of $5,325,778.85. Following the completion of the sale, the insider now directly owns 27,137 shares in the company, valued at $5,975,838.77. The trade was a 47.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas P. Carey sold 10,757 shares of the 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. This trade represents a 45.88 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 54,532 shares of company stock worth $12,264,846. 1.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BR. Morgan Stanley raised their target price on shares of Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th. UBS Group started coverage on Broadridge Financial Solutions in a research note on Thursday, November 21st. They set a “neutral” rating and a $250.00 price objective for the company. StockNews.com lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. Royal Bank of Canada reiterated an “outperform” rating and issued a $246.00 price target on shares of Broadridge Financial Solutions in a research report on Wednesday, November 6th. Finally, Wolfe Research restated a “peer perform” rating on shares of Broadridge Financial Solutions in a report on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $226.71.

About Broadridge Financial Solutions

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.