Broadridge Financial Solutions, Inc. has seen several developments that could impact its stock performance. Following its Q3 results, analysts have been adjusting their forecasts. Funds, including
Dimensional Fund Advisors LP and
Mitsubishi UFJ Asset Management Co. Ltd., have both increased their stakes, while
Victory Capital Management Inc. has decreased its holdings. Despite falls in its stock price and earning results, the company has been identified as a
strong growth stock, and it's
EPS Growth shows potential. The
adjusted EPS for the Q3 Fiscal 2024 nears analysts’ expectations. It was noted that
AI utilization has enhanced productivity within the firm. It was also noted to have an impressive
ROE and showed strong returns over five and three month periods. Broadridge completed the
acquisition of RPM Technologies and made strong efforts to strengthen the back-office operations but saw some share sell-offs from insiders and firms including Swiss National Bank. The firm announced a quarterly dividend of $0.80 per share, demonstrating confidence in its future profitability. However, there has been a notable proportion of short interest in the company's shares decreasing by 15.0%.
Broadridge Financial Solutions BR News Analytics from Tue, 08 Aug 2023 07:00:00 GMT to Thu, 16 May 2024 18:34:00 GMT -
Rating +7
- Innovation +5
- Information +6
- Rumor +3
