As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the data & business process services industry, including Broadridge (NYSE:BR) and its peers.
Broadridge Financial Solutions (NYSE: BR) and blockchain firm Fnality completed a successful integration of their platforms, paving the way for instant repo settlements using tokenized central bank funds. The partnership highlights how digital assets can streamline global financial transactions with faster, more secure settlements.
Broadridge has been treading water for the past six months, recording a small loss of 1.6% while holding steady at $216.22. However, the stock is beating the S&P 500’s 13.7% decline during that period.
In a sliding market, Broadridge has defied the odds, trading up to $239.01 per share. Its 11.2% gain since September 2024 has outpaced the S&P 500’s 1.4% drop. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move.
Broadridge has had an impressive run over the past six months. While the S&P 500 has been flat, the stock has returned 11.9% and now trades at $236.94. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move.
Business services providers thrive by solving complex operational challenges for their clients, allowing them to focus on their secret sauce. But cutbacks in corporate spending and the threat of new AI products have kept sentiment in check,
and over the past six months, the industry has tumbled by 1.9%. This drop mirrored the S&P 500’s decline.
In recent weeks, three excellent dividend stocks raised their dividends, signaling that their financials are still strong, even in this period of volatility.
Broadridge Financial Solutions Inc (NYSE:BR) posted a strong Q2 FY25 with sales growth of 13.1% to $1.589 billion, surpassing estimates. Recurring revenues rose 9%, and event-driven revenues surged 126%.
Today's Research Daily features new research reports on 16 major stocks, including UnitedHealth Group Inc., Costco Wholesale Corp., and International Business Machines Corp., as well as a micro-cap stock Smith-Midland Corp.
