Broadridge Financial Solutions Inc

BR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Broadridge Earnings: Report Is Mostly as Expected; Maintaining $205 Fair Value Estimate

Rajiv Bhatia

Nov 5, 2024

Broadridge reported an OK start to its fiscal year. Broadridge raised its recurring revenue outlook by 1 percentage point at the midpoint, but this was largely due to its acquisition of Securities Industry Services. Overall, there was little in its earnings release that would alter our long-term view of the firm, and we will maintain our $205 fair value estimate and narrow moat rating.

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Broadridge Financial Solutions Inc

Broadridge Earnings: Report Is Mostly as Expected; Maintaining $205 Fair Value Estimate

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