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Broadridge Financial Solutions Inc BR

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Very Good Start to Fiscal 2021 for Broadridge

Rajiv Bhatia Equity Analyst

Analyst Note

| Rajiv Bhatia |

Broadridge started its fiscal 2021 on a high note. Revenue for the quarter of $1.02 billion was 6% higher than the FactSet consensus and earnings per share of $0.98 handily beat the consensus of $0.63. In addition, Broadridge tweaked its fiscal 2021 outlook higher, something it seldom does during its seasonally soft first fiscal quarter. While a strong quarter, we plan on maintaining our fair value estimate of $120 as our model already incorporated higher revenue growth and earnings than the firm’s prior outlook.

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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.

Contact
5 Dakota Drive, Suite 300
Lake Success, NY, 11042
T +1 516 472-5400
Sector Technology
Industry Information Technology Services
Most Recent Earnings Sep 30, 2020
Fiscal Year End Jun 30, 2021
Stock Type Classic Growth
Employees 12,000