Broadridge Financial Solutions (BR)
Market Price (4/5/2026): $160.92 | Market Cap: $18.8 BilSector: Industrials | Industry: Data Processing & Outsourced Services
Broadridge Financial Solutions (BR)
Market Price (4/5/2026): $160.92Market Cap: $18.8 BilSector: IndustrialsIndustry: Data Processing & Outsourced Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.9%, Dividend Yield is 2.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.8%, FCF Yield is 7.0% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -34% Low stock price volatilityVol 12M is 26% Megatrend and thematic driversMegatrends include Fintech & Digital Payments, Crypto & Blockchain, and Automation & Robotics. Themes include Wealth Management Technology, Show more. | Weak multi-year price returns2Y Excs Rtn is -44%, 3Y Excs Rtn is -45% | Key risksBR key risks include [1] high client concentration, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.9%, Dividend Yield is 2.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.8%, FCF Yield is 7.0% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -34% |
| Low stock price volatilityVol 12M is 26% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, Crypto & Blockchain, and Automation & Robotics. Themes include Wealth Management Technology, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -44%, 3Y Excs Rtn is -45% |
| Key risksBR key risks include [1] high client concentration, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Broadridge Financial Solutions (BR) stock has lost about 25% since 12/31/2025 because of the following key factors:
1. Significant Reductions in Analyst Price Targets and Shifting Sentiment. Despite Broadridge reporting strong Q1 fiscal 2026 results with adjusted EPS up 51% and total revenues up 12% in November 2025, and beating revenue estimates for Q2 fiscal 2026 with $1.71 billion, several analysts significantly trimmed their price targets in early 2026. For instance, JPMorgan Chase & Co. cut its target from $273.00 to $229.00, Needham & Company LLC reduced its target from $305.00 to $255.00, RBC Capital adjusted its target from $265.00 to $245.00, and Raymond James Financial lowered its target from $276.00 to $257.00. This widespread downward revision of future valuations by the investment community likely contributed to investor uncertainty and selling pressure.
2. Normalization of Event-Driven Revenue. While Broadridge reported a robust 81% increase in event-driven revenues to $114 million in Q1 fiscal 2026, management anticipated a return to historical average levels of $50 million to $60 million per quarter for the remainder of fiscal 2026. The subsequent Q2 fiscal 2026 results saw event-driven revenue decline by 27.3% year-over-year to $90.6 million. This expected and realized tapering of a high-margin revenue stream likely tempered investor expectations for continued rapid growth in this segment, impacting the stock's valuation.
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1. Significant Reductions in Analyst Price Targets and Shifting Sentiment. Despite Broadridge reporting strong Q1 fiscal 2026 results with adjusted EPS up 51% and total revenues up 12% in November 2025, and beating revenue estimates for Q2 fiscal 2026 with $1.71 billion, several analysts significantly trimmed their price targets in early 2026. For instance, JPMorgan Chase & Co. cut its target from $273.00 to $229.00, Needham & Company LLC reduced its target from $305.00 to $255.00, RBC Capital adjusted its target from $265.00 to $245.00, and Raymond James Financial lowered its target from $276.00 to $257.00. This widespread downward revision of future valuations by the investment community likely contributed to investor uncertainty and selling pressure.
2. Normalization of Event-Driven Revenue. While Broadridge reported a robust 81% increase in event-driven revenues to $114 million in Q1 fiscal 2026, management anticipated a return to historical average levels of $50 million to $60 million per quarter for the remainder of fiscal 2026. The subsequent Q2 fiscal 2026 results saw event-driven revenue decline by 27.3% year-over-year to $90.6 million. This expected and realized tapering of a high-margin revenue stream likely tempered investor expectations for continued rapid growth in this segment, impacting the stock's valuation.
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Stock Movement Drivers
Fundamental Drivers
The -27.5% change in BR stock from 12/31/2025 to 4/5/2026 was primarily driven by a -37.3% change in the company's P/E Multiple.| (LTM values as of) | 12312025 | 4052026 | Change |
|---|---|---|---|
| Stock Price ($) | 221.95 | 160.92 | -27.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7,056 | 7,180 | 1.8% |
| Net Income Margin (%) | 13.1% | 14.9% | 13.4% |
| P/E Multiple | 28.1 | 17.6 | -37.3% |
| Shares Outstanding (Mil) | 117 | 117 | 0.2% |
| Cumulative Contribution | -27.5% |
Market Drivers
12/31/2025 to 4/5/2026| Return | Correlation | |
|---|---|---|
| BR | -27.5% | |
| Market (SPY) | -5.4% | -1.3% |
| Sector (XLI) | 5.6% | -14.2% |
Fundamental Drivers
The -31.8% change in BR stock from 9/30/2025 to 4/5/2026 was primarily driven by a -46.5% change in the company's P/E Multiple.| (LTM values as of) | 9302025 | 4052026 | Change |
|---|---|---|---|
| Stock Price ($) | 235.87 | 160.92 | -31.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,889 | 7,180 | 4.2% |
| Net Income Margin (%) | 12.2% | 14.9% | 22.0% |
| P/E Multiple | 32.9 | 17.6 | -46.5% |
| Shares Outstanding (Mil) | 117 | 117 | 0.3% |
| Cumulative Contribution | -31.8% |
Market Drivers
9/30/2025 to 4/5/2026| Return | Correlation | |
|---|---|---|
| BR | -31.8% | |
| Market (SPY) | -2.9% | 2.6% |
| Sector (XLI) | 6.5% | -4.0% |
Fundamental Drivers
The -32.5% change in BR stock from 3/31/2025 to 4/5/2026 was primarily driven by a -52.1% change in the company's P/E Multiple.| (LTM values as of) | 3312025 | 4052026 | Change |
|---|---|---|---|
| Stock Price ($) | 238.31 | 160.92 | -32.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,683 | 7,180 | 7.4% |
| Net Income Margin (%) | 11.4% | 14.9% | 30.9% |
| P/E Multiple | 36.8 | 17.6 | -52.1% |
| Shares Outstanding (Mil) | 117 | 117 | 0.3% |
| Cumulative Contribution | -32.5% |
Market Drivers
3/31/2025 to 4/5/2026| Return | Correlation | |
|---|---|---|
| BR | -32.5% | |
| Market (SPY) | 16.3% | 38.8% |
| Sector (XLI) | 26.3% | 33.7% |
Fundamental Drivers
The 15.4% change in BR stock from 3/31/2023 to 4/5/2026 was primarily driven by a 62.8% change in the company's Net Income Margin (%).| (LTM values as of) | 3312023 | 4052026 | Change |
|---|---|---|---|
| Stock Price ($) | 139.40 | 160.92 | 15.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,833 | 7,180 | 23.1% |
| Net Income Margin (%) | 9.1% | 14.9% | 62.8% |
| P/E Multiple | 30.8 | 17.6 | -42.8% |
| Shares Outstanding (Mil) | 118 | 117 | 0.8% |
| Cumulative Contribution | 15.4% |
Market Drivers
3/31/2023 to 4/5/2026| Return | Correlation | |
|---|---|---|
| BR | 15.4% | |
| Market (SPY) | 63.3% | 41.8% |
| Sector (XLI) | 68.8% | 43.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BR Return | 21% | -25% | 56% | 12% | 0% | -28% | 14% |
| Peers Return | 42% | -22% | 25% | 24% | -26% | -19% | 2% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -4% | 75% |
Monthly Win Rates [3] | |||||||
| BR Win Rate | 67% | 42% | 67% | 42% | 67% | 0% | |
| Peers Win Rate | 62% | 45% | 60% | 55% | 48% | 20% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| BR Max Drawdown | -9% | -26% | -1% | -7% | -4% | -29% | |
| Peers Max Drawdown | -14% | -36% | -9% | -6% | -37% | -26% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: SSNC, FISV, FIS, DFIN, FDS. See BR Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/2/2026 (YTD)
How Low Can It Go
| Event | BR | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -27.7% | -25.4% |
| % Gain to Breakeven | 38.3% | 34.1% |
| Time to Breakeven | 437 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -36.4% | -33.9% |
| % Gain to Breakeven | 57.3% | 51.3% |
| Time to Breakeven | 126 days | 148 days |
| 2018 Correction | ||
| % Loss | -33.4% | -19.8% |
| % Gain to Breakeven | 50.0% | 24.7% |
| Time to Breakeven | 596 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -59.4% | -56.8% |
| % Gain to Breakeven | 146.4% | 131.3% |
| Time to Breakeven | 529 days | 1,480 days |
Compare to SSNC, FISV, FIS, DFIN, FDS
In The Past
Broadridge Financial Solutions's stock fell -27.7% during the 2022 Inflation Shock from a high on 12/27/2021. A -27.7% loss requires a 38.3% gain to breakeven.
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About Broadridge Financial Solutions (BR)
Broadridge Financial Solutions, Inc. provides investor communications and technology-driven solutions for the financial services industry worldwide. The company's Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services; and offers ProxyEdge, an electronic proxy delivery and voting solution. It also distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions; and provides content management, composition, and omni-channel distribution of regulatory, marketing, and transactional information, as well as mutual fund trade processing services. This segment offers data and analytics solutions; solutions for public corporations and mutual funds; financial reporting document composition and management solutions; SEC disclosure and filing services; registrar, stock transfer, and record-keeping services; and omni-channel customer communications solutions, as well as operates Broadridge Communications Cloud platform that creates, delivers, and manages communications and customer engagement activities. The company's Global Technology and Operations segment offers desktop productivity tools, data aggregation, performance reporting, portfolio management, order capture and execution, trade confirmation, margin, cash management, clearance and settlement, asset servicing, reference data management, reconciliations, securities financing and collateral optimization, compliance and regulatory reporting, and portfolio accounting and custody-related services. It also provides business process outsourcing services; technology solutions, such as portfolio management, compliance, and operational workflow solutions; and capital market and wealth management solutions. The company was founded in 1962 and is headquartered in Lake Success, New York.
AI Analysis | Feedback
Here are 1-3 brief analogies to describe Broadridge Financial Solutions (BR):
- It's like Fiserv for the investment and capital markets industry, providing the critical technology and processing behind brokerages, asset managers, and complex financial transactions.
- It's like ADP for corporate shareholder services, handling the essential and highly regulated communications, proxy voting, and record-keeping between public companies and their millions of investors.
AI Analysis | Feedback
- Proxy Services: Processes and distributes proxy materials to investors and facilitates related vote processing.
- Regulatory and Corporate Action Distribution: Distributes regulatory reports, class action, corporate action/reorganization event information, and tax reporting solutions.
- Content Management and Multi-Channel Distribution: Provides content management, composition, and omni-channel distribution for regulatory, marketing, and transactional information.
- Mutual Fund Trade Processing: Offers services for the processing of mutual fund trades.
- Data and Analytics Solutions: Provides data and analytics capabilities for financial services clients.
- SEC Disclosure and Filing Services: Assists companies with SEC disclosure and filing requirements.
- Registrar and Transfer Agent Services: Offers registrar, stock transfer, and record-keeping services.
- Capital Markets and Wealth Management Technology Solutions: Provides technology tools for portfolio management, trading, post-trade processing, compliance, and operational workflows.
- Business Process Outsourcing (BPO): Delivers outsourcing services for various financial industry operations.
- Broadridge Communications Cloud: A platform that creates, delivers, and manages customer communications and engagement activities.
AI Analysis | Feedback
Broadridge Financial Solutions (BR) sells primarily to other companies within the financial services industry, rather than directly to individuals. Based on the company description, its major customer categories include:
- Broker-dealers, Investment Banks, and Wealth Management Firms: These firms utilize Broadridge's solutions for desktop productivity, data aggregation, performance reporting, portfolio management, order capture and execution, trade confirmation, margin, cash management, clearance and settlement, asset servicing, reconciliations, securities financing and collateral optimization, compliance, regulatory reporting, and wealth management.
- Asset Managers and Mutual Funds: Broadridge provides these customers with services related to investor communications (e.g., proxy materials, regulatory reports), mutual fund trade processing, and solutions for their general operations and reporting.
- Public Corporations (Issuers): Publicly traded companies rely on Broadridge for the processing and distribution of proxy materials, regulatory reports, corporate action information, tax reporting solutions, SEC disclosure and filing services, and registrar, stock transfer, and record-keeping services.
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Tim Gokey, Chief Executive Officer
Tim Gokey joined Broadridge in 2010 and was appointed Chief Executive Officer in 2019, after serving as President and Chief Operating Officer. Prior to his time at Broadridge, he was the President of the Retail Tax business at H&R Block from 2004 to 2009. Earlier in his career, he spent 13 years at McKinsey & Company, where he led their North American Financial Services Sales and Marketing Practice. Mr. Gokey is a Rhodes Scholar and holds degrees from Princeton University and a doctorate in Finance from Oxford University. He also serves on the Board of C.H. Robinson Worldwide, Inc.
Ashima Ghei, Chief Financial Officer
Ashima Ghei was appointed Chief Financial Officer of Broadridge, effective December 2024, after serving as Interim CFO since July 2024. She joined Broadridge in January 2022 as CFO of the company's Investor Communications Solutions (ICS) segment. Before joining Broadridge, Ms. Ghei had an 18-year career at American Express, where she held various leadership roles, including Head of Merchant Pricing for the Americas. She holds an undergraduate degree in Economics from Delhi University and an MBA from the Indian Institute of Management Calcutta.
Chris Perry, President
Chris Perry serves as the President of Broadridge, leading global business lines and major client partnerships. He joined Broadridge in 2014.
Thomas Carey, Corporate Vice President, President of Global Technology and Operations
Thomas Carey is the Corporate Vice President and President of Global Technology and Operations at Broadridge, where he oversees platforms, infrastructure, and service delivery worldwide.
Tyler Derr, Chief Technology and Product Officer
Tyler Derr runs technology on a global basis for divisions in Broadridge’s Global Technology and Operations business. He was the first to assume the Chief Technology Officer role when he joined Broadridge in 2012 and has also served as Chief Administrative Officer. Prior to joining Broadridge, Mr. Derr worked in private equity for various holding partners and was the CTO for the global tax business of H&R Block.
AI Analysis | Feedback
The key risks to Broadridge Financial Solutions (BR) include the rapid pace of technological disruption, particularly from decentralized finance (DeFi) protocols and tokenization, significant client concentration, and the ongoing threat of cybersecurity breaches.
- Technological Disruption and Fintech Competition: Broadridge faces an "existential threat" from the rise of decentralized finance (DeFi) protocols and the tokenization of financial markets, which could disintermediate its traditional intermediary role in post-trade processing. The company is also under sustained pressure from agile, cloud-native fintech competitors with lower overhead, necessitating continuous investment in innovation to maintain its market position. While Broadridge is developing its own Distributed Ledger Repo (DLR) platform and integrating digital assets, the ultimate success of these initiatives and its role in a tokenized market remain uncertain.
- Client Concentration Risk: A substantial portion of Broadridge's revenue is derived from a limited number of clients. For instance, its top 20 clients account for approximately 60% of its total revenue, and the largest single client contributed around 7% of consolidated revenues in fiscal year 2025. This reliance makes Broadridge vulnerable to industry downturns, the potential deterioration of these key client relationships, or client attrition, which could materially impact its financial performance.
- Cybersecurity Risks: As a critical infrastructure provider that processes and manages sensitive financial data for a vast number of financial institutions globally, Broadridge is a high-value target for cybersecurity threats. A material security breach or a major cyberattack could significantly undermine client trust, lead to substantial financial losses, and severely damage the company's reputation, which is paramount in the financial services industry.
AI Analysis | Feedback
The widespread adoption of blockchain and distributed ledger technologies (DLT) in financial markets presents an emerging threat. As these technologies mature, they have the potential to fundamentally reshape financial infrastructure by enabling direct, peer-to-peer, and immutable record-keeping and transaction processing. This could potentially disintermediate traditional intermediaries and service providers in areas where Broadridge operates, such as proxy voting, corporate actions, clearance, settlement, and reference data management.
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Broadridge Financial Solutions Addressable Markets
Broadridge Financial Solutions (BR) operates across several significant addressable markets within the financial services industry. Their main products and services fall into categories such as investor communications, capital markets technology, wealth management solutions, regulatory reporting, and financial business process outsourcing (BPO).
Investor Communications
- Investor Relations Software: The global investor relations software market size was valued at approximately USD 755 million in 2025 and is anticipated to reach USD 1.33 billion by 2032.
- Corporate Communications Services: The global corporate communications services market was valued at USD 264.485 billion in 2021 and is projected to reach USD 1,131.05 billion by 2033. North America holds a commanding 33.95% of the global market.
Technology and Operations Solutions
- Capital Markets Technology: Global capital markets technology spending totaled US$163 billion in 2023 and is expected to reach US$244 billion by 2028. The global capital markets technology solutions market was valued at USD 126.52 billion in 2024 and is projected to reach USD 223.35 billion by 2032. North America accounted for approximately 42% of the global market share in 2024.
- Wealth Management Technology: The global wealth management software market size was estimated at USD 6.28 billion in 2025 and is projected to reach USD 18.77 billion by 2033. Another estimate for the global wealth management software market size is USD 10.49 billion in 2026, expanding to USD 32.81 billion by 2035. North America dominated the global wealth management software market in 2025.
- Financial Business Process Outsourcing (BPO): The global BFSI BPO services market size was valued at USD 118.94 billion in 2024 and is expected to reach USD 269.63 billion by 2033. North America is the most significant shareholder in this market. More specifically, the global finance and accounting business process outsourcing market size was estimated at USD 60.31 billion in 2023 and is projected to reach USD 110.74 billion by 2030.
- Regulatory Reporting Solutions: The global regulatory reporting solutions market size was USD 7.58 billion in 2025 and is projected to grow to USD 12.97 billion in 2030. The global regulatory reporting and compliance market was valued at USD 3.95 billion in 2024 and is poised to grow to USD 9.17 billion by 2033. North America was the largest region in the regulatory reporting solutions market in 2025.
- FinTech (Overall Financial Technology): The global fintech market was valued at USD 394.88 billion in 2025 and is projected to be worth USD 1,760.18 billion by 2034. North America dominated the global fintech market in 2025.
- Securities Exchanges: The global securities exchange market size was valued at USD 79.68 billion in 2025 and is projected to grow to USD 136.40 billion by 2034. The U.S. market in 2026 is estimated at around USD 26.77 billion, representing approximately 31.5% of global revenues.
AI Analysis | Feedback
Broadridge Financial Solutions (BR) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:- Consistent Recurring Revenue Growth: Broadridge anticipates sustained growth in its recurring revenue streams, with guidance set at the higher end of a 5% to 7% constant currency range for fiscal year 2026. This growth is supported by robust sales, an increase in equity positions, and expansion within managed accounts.
- Advancements in Digital Assets and Tokenization: The company is actively investing in and observing significant momentum from its ventures into digital assets and tokenization. Broadridge considers this a crucial growth area within capital markets and plans to integrate tokenized and digital assets into its proxy capabilities by the end of the current fiscal year, extending these to other servicing functions and digital wallets.
- Modernization of Wealth Management Platforms: A key part of Broadridge's strategy involves modernizing wealth management platforms. The company has seen substantial growth in wealth management recurring revenues, attributed to both organic expansion and strategic acquisitions.
- Strategic Acquisitions and Partnerships: Broadridge has a proven track record of leveraging strategic acquisitions, such as Kyndryl's Securities Industry Services business, Signal, iJoin, and Acolin, to enhance its service offerings, expand its market presence, and contribute to overall revenue growth.
- Expansion of Global Technology and Operations (GTO) Solutions: The Global Technology and Operations segment is expected to contribute to revenue growth through increased demand for front and back-office solutions in capital markets, driven by higher trading volumes. The anticipated shift to 23x5 equity trading in late 2026 is also projected to generate additional demand for Broadridge's solutions in this area.
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Share Repurchases
- Broadridge's Board of Directors authorized a $70 million share repurchase program on October 28, 2021, with an additional $70 million authorized on October 25, 2022.
- The company repurchased $100 million of its shares in fiscal year 2025. Annual share buybacks also amounted to $485.4 million in 2024 and $134.9 million in 2025.
- As of September 27, 2025, $22.8 million remained available for share repurchases under the existing program.
Outbound Investments
- In March 2021, Broadridge acquired Itiviti for $2.53 billion.
- Broadridge acquired Alpha Omega, a FIX-based post-trade solutions provider, in August 2021, building on the Itiviti acquisition.
- More recently, Broadridge completed the acquisition of Acolin, a European cross-border fund distribution and regulatory services provider, in January 2026 (announced July 2025), and iJoin, a retirement plan technology provider, in September 2025.
Capital Expenditures
- Broadridge's capital expenditures were $100.7 million in 2021, $73.1 million in 2022, and $75.2 million in 2023.
- Capital expenditures are primarily directed towards maintaining existing assets and expanding to new property, plant, and equipment.
- The company is funding key initiatives related to tokenization, shareholder engagement, and digital communications.
Latest Trefis Analyses
Trade Ideas
Select ideas related to BR.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 03312026 | NSP | Insperity | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03312026 | TNC | Tennant | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03272026 | ADP | Automatic Data Processing | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 1.0% | 1.0% | 0.0% |
| 03272026 | HURN | Huron Consulting | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.0% | 4.0% | 0.0% |
| 03272026 | TRU | TransUnion | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.2% | 5.2% | 0.0% |
| 02062026 | BR | Broadridge Financial Solutions | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -10.2% | -10.2% | -13.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 62.21 |
| Mkt Cap | 17.7 |
| Rev LTM | 6,726 |
| Op Inc LTM | 1,338 |
| FCF LTM | 1,380 |
| FCF 3Y Avg | 1,120 |
| CFO LTM | 1,586 |
| CFO 3Y Avg | 1,308 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.0% |
| Rev Chg 3Y Avg | 6.0% |
| Rev Chg Q | 8.0% |
| QoQ Delta Rev Chg LTM | 1.9% |
| Op Mgn LTM | 21.3% |
| Op Mgn 3Y Avg | 20.1% |
| QoQ Delta Op Mgn LTM | -0.3% |
| CFO/Rev LTM | 27.1% |
| CFO/Rev 3Y Avg | 26.9% |
| FCF/Rev LTM | 19.3% |
| FCF/Rev 3Y Avg | 20.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 17.7 |
| P/S | 2.4 |
| P/EBIT | 12.2 |
| P/E | 19.2 |
| P/CFO | 9.0 |
| Total Yield | 7.1% |
| Dividend Yield | 1.7% |
| FCF Yield 3Y Avg | 6.0% |
| D/E | 0.3 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -9.6% |
| 3M Rtn | -20.0% |
| 6M Rtn | -25.7% |
| 12M Rtn | -29.7% |
| 3Y Rtn | 3.5% |
| 1M Excs Rtn | -5.3% |
| 3M Excs Rtn | -17.7% |
| 6M Excs Rtn | -23.7% |
| 12M Excs Rtn | -51.6% |
| 3Y Excs Rtn | -56.6% |
Comparison Analyses
Price Behavior
Price Behavior
| Market Price | $160.93 | |
| Market Cap ($ Bil) | 18.8 | |
| First Trading Date | 02/23/2007 | |
| Distance from 52W High | -38.9% | |
| 50 Days | 200 Days | |
| DMA Price | $180.46 | $220.94 |
| DMA Trend | down | down |
| Distance from DMA | -10.8% | -27.2% |
| 3M | 1YR | |
| Volatility | 33.5% | 25.0% |
| Downside Capture | 0.66 | 0.46 |
| Upside Capture | -46.83 | 21.15 |
| Correlation (SPY) | -0.2% | 36.8% |
BR Betas & Captures as of 3/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.06 | -0.37 | -0.02 | 0.06 | 0.53 | 0.59 |
| Up Beta | -1.72 | -3.34 | -2.32 | -0.85 | 0.54 | 0.57 |
| Down Beta | -0.10 | -0.58 | 0.04 | -0.04 | 0.53 | 0.60 |
| Up Capture | -115% | -51% | -48% | -19% | 17% | 27% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 8 | 20 | 25 | 58 | 119 | 384 |
| Down Capture | 86% | 81% | 117% | 81% | 84% | 84% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 14 | 22 | 38 | 68 | 133 | 365 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BR | |
|---|---|---|---|---|
| BR | -33.2% | 25.8% | -1.59 | - |
| Sector ETF (XLI) | 25.7% | 19.5% | 1.05 | 33.6% |
| Equity (SPY) | 16.1% | 19.0% | 0.67 | 38.8% |
| Gold (GLD) | 50.5% | 28.0% | 1.46 | -5.3% |
| Commodities (DBC) | 16.2% | 17.7% | 0.77 | -1.9% |
| Real Estate (VNQ) | 3.6% | 16.5% | 0.04 | 41.9% |
| Bitcoin (BTCUSD) | -21.5% | 44.0% | -0.42 | 6.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BR | |
|---|---|---|---|---|
| BR | 2.7% | 22.9% | 0.08 | - |
| Sector ETF (XLI) | 12.4% | 17.2% | 0.56 | 54.5% |
| Equity (SPY) | 11.6% | 17.0% | 0.53 | 57.5% |
| Gold (GLD) | 21.7% | 17.8% | 1.00 | 5.3% |
| Commodities (DBC) | 11.6% | 18.8% | 0.51 | 6.0% |
| Real Estate (VNQ) | 3.3% | 18.8% | 0.08 | 55.0% |
| Bitcoin (BTCUSD) | 3.9% | 56.5% | 0.29 | 20.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BR | |
|---|---|---|---|---|
| BR | 12.9% | 23.6% | 0.51 | - |
| Sector ETF (XLI) | 13.4% | 19.9% | 0.60 | 57.7% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 62.7% |
| Gold (GLD) | 14.0% | 15.9% | 0.73 | 2.8% |
| Commodities (DBC) | 8.4% | 17.6% | 0.40 | 15.6% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.22 | 52.2% |
| Bitcoin (BTCUSD) | 66.2% | 66.8% | 1.06 | 12.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/3/2026 | -6.2% | -8.7% | -4.8% |
| 11/4/2025 | 0.8% | 0.9% | 4.4% |
| 8/5/2025 | 6.8% | 6.0% | 0.5% |
| 5/1/2025 | -5.9% | -2.6% | 0.2% |
| 1/31/2025 | -0.4% | 0.4% | 2.4% |
| 11/5/2024 | 4.1% | 7.9% | 11.1% |
| 8/6/2024 | 4.8% | 1.3% | 1.6% |
| 5/8/2024 | -5.4% | -0.7% | -1.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 13 | 14 |
| # Negative | 10 | 11 | 10 |
| Median Positive | 4.1% | 4.3% | 2.2% |
| Median Negative | -4.4% | -2.9% | -2.3% |
| Max Positive | 7.9% | 10.0% | 14.6% |
| Max Negative | -7.9% | -8.8% | -6.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/03/2026 | 10-Q |
| 09/30/2025 | 11/04/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-K |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 01/31/2025 | 10-Q |
| 09/30/2024 | 11/05/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-K |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 02/01/2024 | 10-Q |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-K |
| 03/31/2023 | 05/02/2023 | 10-Q |
| 12/31/2022 | 02/02/2023 | 10-Q |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/12/2022 | 10-K |
| 03/31/2022 | 05/03/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q2 2026 Earnings Reported 2/3/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Recurring Revenue Growth Constant Currency | 5.0% | 6.0% | 7.0% | 0 | 0 | Affirmed | Guidance: 6.0% for 2026 |
| 2026 Adjusted Operating Income Margin | 20.0% | 20.5% | 21.0% | 0 | 0 | Affirmed | Guidance: 20.5% for 2026 |
| 2026 Adjusted EPS Growth | 9.0% | 10.5% | 12.0% | 5.0% | 0.5% | Raised | Guidance: 10.0% for 2026 |
| 2026 Closed Sales | 290.00 Mil | 310.00 Mil | 330.00 Mil | 0 | Affirmed | Guidance: 310.00 Mil for 2026 | |
Prior: Q1 2026 Earnings Reported 11/4/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Recurring Revenue Growth | 5.0% | 6.0% | 7.0% | 0 | 0 | Affirmed | Guidance: 6.0% for 2026 |
| 2026 Adjusted EPS Growth | 8.0% | 10.0% | 12.0% | 0 | 0 | Affirmed | Guidance: 10.0% for 2026 |
| 2026 Closed Sales | 290.00 Mil | 310.00 Mil | 330.00 Mil | 0 | Affirmed | Guidance: 310.00 Mil for 2026 | |
| 2026 Adjusted Operating Income Margin | 20.0% | 20.5% | 21.0% | 0 | 0 | Affirmed | Guidance: 20.5% for 2026 |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Carey, Thomas P | Corporate VP | Direct | Sell | 12042025 | 229.26 | 10,214 | 2,341,618 | 1,381,495 | Form |
| 2 | Perry, Christopher John | President | Direct | Sell | 11182025 | 226.00 | 3,984 | 900,384 | 10,131,246 | Form |
| 3 | Gokey, Timothy C | CEO | Direct | Sell | 8262025 | 258.37 | 5,674 | 1,466,010 | 37,021,025 | Form |
| 4 | Gokey, Timothy C | CEO | Direct | Sell | 8182025 | 260.87 | 5,675 | 1,480,428 | 38,858,688 | Form |
| 5 | Gokey, Timothy C | CEO | Direct | Sell | 8152025 | 262.46 | 39,251 | 10,301,629 | 39,466,445 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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