Broadridge Financial Solutions Shares Inch Up Despite Poor Trading Session
June 24, 2023
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Broadridge Financial Solutions ($NYSE:BR) Inc. saw its shares increase by 0.57% to $159.68 on Wednesday, despite the overall lack of performance in the stock market. This was a stark contrast to the rest of the trading session, where markets were down overall. Broadridge Financial Solutions Inc. (BR) is a leading global provider of technology-driven solutions to banks, brokers, and asset managers. It offers a full suite of services, from data and analytics to investor communications, proxy voting, and compliance services. The company also provides investor communications solutions, compliance solutions, digital banking solutions, and consumer banking solutions.
The company has seen strong growth over the past few years due to its commitment to innovation and its focus on customer service. Its products have been well received by its clients and customers, allowing it to expand its reach and increase its revenue. Broadridge Financial Solutions Inc. is well positioned to benefit from the increasing demand for technology-enabled solutions in the financial services industry. With its comprehensive suite of products and services, BR is set to capitalize on the current market environment and continue to grow its business.
Stock Price
On Wednesday, Broadridge Financial Solutions Inc. shares inched up despite a poor trading session in the broader market. The stock opened at $158.1 and closed at $159.7, representing a 0.6% increase from the previous closing price of $158.8. This slight upswing in the stock price indicates investors remain confident in the company’s future prospects and overall performance. While the US stock market was down overall, Broadridge Financial Solutions Inc. managed to stay afloat and even make some gains, showcasing its resilience in the face of challenging market conditions. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for BR. More…
| Total Revenues | Net Income | Net Margin |
| 5.94k | 554.6 | 9.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for BR. More…
| Operations | Investing | Financing |
| 551.5 | -78.5 | -411.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for BR. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.43k | 6.43k | 15.18 |
Key Ratios Snapshot
Some of the financial key ratios for BR are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.7% | 13.3% | 13.8% |
| FCF Margin | ROE | ROA |
| 8.2% | 27.2% | 6.1% |
Analysis
At GoodWhale, we believe that analyzing a company’s fundamentals is essential for making sound investment decisions. We have analyzed the fundamentals of BROADRIDGE FINANCIAL SOLUTIONS and assigned it a medium risk rating. This rating takes into consideration both the financial and non-financial aspects of the company and is based on factors such as their profitability, debt-to-equity ratio, and liquidity. We have also detected two risk warnings in the company’s balance sheet. To gain access to this information, you must register as a user. We invite you to explore this company’s fundamentals further and make an informed decision about whether this is an appropriate investment for you. More…
Peers
Broadridge Financial Solutions Inc. is a provider of investor communications and technology-driven solutions to banks, broker-dealers, asset and wealth managers, and corporations. Headquartered in New York, United States, Broadridge employs over 10,000 people in 18 countries.
Broadridge’s main competitors are RTS Technology Holdings Bhd, Fact Inc, and Information Services Group Inc.
– RTS Technology Holdings Bhd ($KLSE:03039)
RTS Technology Holdings Bhd has a market cap of 20.53M as of 2022, a Return on Equity of 15.84%. The company is an investment holding company. Through its subsidiaries, the Company is engaged in the provision of management services, as well as trading of electrical and electronic products.
– Fact Inc ($OTCPK:FCTI)
Fact Inc is a publicly traded company with a market capitalization of 552.17k as of 2022. The company has a return on equity of 98.84%. Fact Inc is engaged in the business of providing financial data and analytics solutions to clients in a variety of industries. The company’s products and services are used by clients to make informed decisions about investments, risk management, and other financial matters.
– Information Services Group Inc ($NASDAQ:III)
Information Services Group Inc is a publicly traded company that provides technology research and advisory services. The company has a market capitalization of 232.55 million as of 2022 and a return on equity of 19.28%. ISG was founded in 2006 and is headquartered in Stamford, Connecticut.
Summary
Broadridge Financial Solutions Inc., a financial services company, saw its stock prices increase slightly on Wednesday, up 0.57% to $159.68. This minor increase came in the face of a generally down day in the stock market. Investors should take into account the current market conditions when considering investing in Broadridge Financial Solutions. Analysts suggest looking into the company’s financials and past performance to get a better understanding of future prospects.
Additionally, investors should pay attention to recent news and further developments that could affect the company’s stock price. With the right research, investors can make informed decisions when considering investments in Broadridge Financial Solutions.
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