Broadridge Financial Solutions recently witnessed a flurry of activity. Insiders sold US$20m of stock potentially hinting at perceived weakness. Companies such as Panagora Asset Management and Vanguard Personalised Indexing LLC adjusted their positions, while private advisor group bought 217 shared. Broadridge's Q1 earnings and revenues surpassed estimates. Franklin Resources currently holds a $198.51 million position in the firm. The company's stock achieved a notable 98% return in the past five years. However, the shares dipped below 200 Daily Moving Average triggering concern among investors. Despite this, analysts forecast growth and valuations state it's undervalued by 24%. In fiscal Q3, Broadridge's adjusted EPS neared analyst expectations, but overall earnings and revenue fell short, leading to a dip in stock price. The company appointed Frank Troise to lead trading and Connectivity Solutions Business. Q4 is predicted to maintain its earnings performance, backed by a solid business model and strategic buyouts – for example, the acquisition of RPM Technologies. Third quarter 2024 earnings call transcript highlighted key financial metrics. The company was recognised by FORTUNE Magazine as one of the World’s Most Admired Companies in 2024. Finally, Broadridge used AI to enhance productivity, signalling commitment to innovation.
Broadridge Financial Solutions BR News Analytics from Fri, 03 Nov 2023 07:00:00 GMT to Thu, 23 May 2024 20:25:50 GMT -
Rating 1
- Innovation 7
- Information 5
- Rumor -2
