Broadridge Financial Solutions (BR) has experienced significant movement, both in terms of
stock performance and
ownership. While the stock has fallen below the 200 DMA, it is still regarded as a
top growth stock for the long-term investment. Prominent companies like V Square Quantitative Management LLC, Goldman Sachs Group Inc., and Novak & Powell Financial Services Inc. have recently
acquired shares. In contrast, Brown Capital Management LLC, Seven Eight Capital LP, and Boyar Asset Management Inc. have sold off their stocks. There were concerns regarding BR's
capital allocation, despite their new
GenAI-Powered List Trading functionality. The resignation of BR's CFO may lead to corporate instability. Robust Q2 fiscal 2024 results were reported, yet third-quarter earnings were down, causing a hold-rating applied by classified market analysts. BR unveiled AdvisorTarget acquisition, aiming to foster asset management and wealth firm transformation. Nevertheless, recent insider share sales are hinting at potential weakness.
Broadridge Financial Solutions BR News Analytics from Fri, 03 Nov 2023 07:00:00 GMT to Sun, 16 Jun 2024 20:43:41 GMT -
Rating -4
- Innovation 3
- Information 7
- Rumor -5
