Despite some daily losses, Broadridge Financial Solutions Inc. has been outperforming its competitors. The company's stock news and market updates indicate a trend of increased short interest. Analysts suggest that the company's stocks might be undervalued by up to 36%, yet there are also reports of underperformance against the Dow. Major sales of company shares have taken place, including sales by President Christopher Perry and CEO Timothy Gokey, which might signal caution. The company has recently made a name for itself in the financial industry, ranking 3rd in the 2024 IDC FinTech Rankings Top 100 and being recognized as a leader in communications experience platforms and outsourcing.
The company is also focusing on business advancement, introducing the first modular platform to unify various functions within global asset servicing. New platform releases are aimed at enhancing visibility and analytics for banks and dealer-brokers. The company has been on the buying side with the procurement of AdvisorTarget while also managing to make its securities-based lending capabilities integrated with Morningstar Advisor Workstation. In light of all its activities, the company has forecasted FY2025 earnings of $8.52 per share.
Broadridge Financial Solutions BR News Analytics from Wed, 31 Jan 2024 08:00:00 GMT to Sat, 21 Sep 2024 08:23:56 GMT - Rating 7 - Innovation 4 - Information 6 - Rumor -3
