Broadridge Financial Solutions, Inc.’s Stock Price Stumbles to $190.46, Marking a 5.41% Drop: Time to Buy?

Broadridge Financial Solutions, Inc. (BR)

190.46 USD -10.90 (-5.41%) Volume: 0.88M

Broadridge Financial Solutions, Inc.’s stock price is currently at 190.46 USD, experiencing a drop of 5.41% this trading session with a trading volume of 0.88M, indicating a year-to-date percentage change of -7.43%, demonstrating its fluctuating performance in the market.

Latest developments on Broadridge Financial Solutions, Inc.

Today’s stock price movements for Broadridge Financial Solutions, Inc (NYSE:BR) reflect a series of key events. The company’s Q3 fiscal 2024 earnings saw adjusted EPS nearing analyst expectations and revenues slightly missing estimates. Despite these mixed results, shares tumbled, underperforming the market on Tuesday, even though they had risen on Monday. Several investment groups, including Great Valley Advisor Group Inc., Savant Capital LLC, and First Trust Direct Indexing L.P., have increased their holdings in Broadridge, while Swiss National Bank and Retirement Systems of Alabama have sold shares. Broadridge’s tech growth is also being driven by Broadridge’s Investment Management Solutions, following an update by Amwal Capital Partners.

Broadridge Financial Solutions, Inc. on Smartkarma

Analysts at Baptista Research have provided bullish coverage of Broadridge Financial Solutions, Inc on Smartkarma. In their report titled “Broadridge Financial Solutions: Closed Sales Outlook & Changing Demand Environment – Will They Adapt? – Major Drivers,” they highlighted the company’s steady growth and positive fiscal year outlook. Broadridge achieved impressive Q2 results with healthy organic growth across both segments, aligning with their long-term goals. Strong fund position growth and mid-single-digit equity position growth contributed to their financial performance.

In another report by Baptista Research on Smartkarma, titled “Broadridge Financial Solutions: NYFIX Fill Matching: Broadridge’s Post-Trade Game Changer! – Major Drivers,” analysts noted that Broadridge Financial Solutions, Inc surpassed revenue and earnings expectations of Wall Street. The company saw an 8% surge in recurring revenue entirely organic, with a remarkable 30% increase in adjusted EPS. This growth was driven by robust recurring revenue expansion, event-driven fee timing, and sustained expense discipline. The report also included a fundamental analysis of the company’s historical financial statements.

A look at Broadridge Financial Solutions, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Broadridge Financial Solutions, Inc has a mixed long-term outlook. While the company scores well in terms of dividend and momentum, with scores of 4 each, its value and resilience scores are lower at 2. This indicates that investors may see potential in the company’s dividend payouts and current market momentum, but should be cautious of its overall value and resilience in the face of market challenges.

Broadridge Financial Solutions, Inc provides technology-based outsourcing solutions to the financial services industry, helping clients with various aspects of the investment lifecycle. With a growth score of 3, the company may be positioned for some expansion in the future, but investors should consider the overall mixed outlook based on the Smartkarma Smart Scores before making any investment decisions.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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