Broadridge
About: Broadridge Financial Solutions, which was spun off from ADP in 2007, is a leading provider of investor communications and technology-driven solutions to banks, broker/dealers, traditional and alternative-asset managers, wealth managers, and corporate issuers. Broadridge is composed of two segments: investor communication solutions, or ICS, and global technology and operations, or GTO.
Employees: 14,600
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
17% more call options, than puts
Call options by funds: $12.7M | Put options by funds: $10.8M
16% more repeat investments, than reductions
Existing positions increased: 371 | Existing positions reduced: 320
1% less funds holding
Funds holding: 926 [Q1] → 914 (-12) [Q2]
4.7% less ownership
Funds ownership: 94.25% [Q1] → 89.55% (-4.7%) [Q2]
8% less capital invested
Capital invested by funds: $22.6B [Q1] → $20.8B (-$1.84B) [Q2]
13% less funds holding in top 10
Funds holding in top 10: 8 [Q1] → 7 (-1) [Q2]
14% less first-time investments, than exits
New positions opened: 74 | Existing positions closed: 86
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
JP Morgan Puneet Jain 50% 1-year accuracy 3 / 6 met price target | 3%upside $225 | Neutral Maintained | 20 Aug 2024 |
JP Morgan Puneet Jain 50% 1-year accuracy 3 / 6 met price target | 3%upside $224 | Neutral Maintained | 7 Aug 2024 |
RBC Capital Daniel Perlin 82% 1-year accuracy 40 / 49 met price target | 13%upside $246 | Outperform Maintained | 7 Aug 2024 |
Financial journalist opinion
Based on 14 articles about BR published over the past 30 days