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Broadridge Financial Solutions Inc - Stock Quote BR

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Morningstar's Broadridge Financial Solutions Inc Stock Analysis

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Capital Allocation


Smooth Sailing for Broadridge as Macroeconomic Uncertainty Has Little Effect

Rajiv Bhatia, CFA Equity Analyst

Analyst Note

| Rajiv Bhatia, CFA |

Broadridge reported a solid fiscal third quarter. Revenue of $1.53 billion was essentially in line with the FactSet consensus estimate of $1.54 billion and adjusted earnings per share of $1.93 beat consensus by $0.15 as operating expenses were lower than consensus expectations. Broadridge did nudge its adjusted EPS outlook higher but left its other guidance unchanged. Overall, there was little in the earnings release that would alter our long-term view of the firm, and we will maintain our narrow moat rating and $175 fair value estimate.

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Broadridge Financial Solutions Inc's Company Profile

Business Description

Broadridge, which was spun off from ADP in 2007, is a leading provider of investor communications and technology-driven solutions to banks, broker/dealers, asset managers, wealth managers, and corporate issuers. Broadridge is composed of two segments: investor communication solutions and global technology and operations.

5 Dakota Drive, Suite 300
Lake Success, NY, 11042
T +1 516 472-5400
Sector Technology
Industry Information Technology Services
Most Recent Earnings Mar 31, 2022
Fiscal Year End Jun 30, 2022
Stock Type Classic Growth
Employees 13,704