Broadridge Financial Solutions,NYSE: BR
Industrials · Data Processing & Outsourced Services
$154.80
+0.53%
Vol: 857K
Research Digest
Friday, May 1, 2026
Broadridge completes CQG acquisition; Q3 revenue beats but stock falls on FCF margin decline
Broadridge completed strategic CQG acquisition expanding trading and connectivity capabilities across futures/options markets globally. Reported fiscal Q3 revenue of $1.95B up 7.8% and adjusted EPS of $2.72 up 11% YoY, beating estimates. However stock fell 3.38% despite beats due to investor reaction to weaker free cash flow margin and YTD performance. Company raised FY26 EPS guidance but lowered closed sales outlook. Stock down 22.48% over 90 days and 27.96% YTD despite strong fundamentals. Company also formed AI partnership with CENTRL and strategic tokenization deal with Ondo Finance.
Previous Market Intelligence
13 daysApr 30Broadridge beats Q1 revenue expectations but stock falls on free cash flow margin declineMixed▶
Broadridge Financial Solutions reported Q1 2026 revenue of $1.95B (up 7.8% YoY) and non-GAAP EPS of $2.72 (4.4% above estimates), but shares fell 3.38% due to declining free cash flow margin (13.9% vs 18.6% prior year). The company raised FY2026 guidance for recurring revenue growth to at or above 7% and adjusted EPS growth to 10-12%, though sell-side analysts expect slower 3.4% revenue growth over next 12 months.
Apr 16Broadridge launches digital asset platform for Canadian wealth managers; stock trading 62.90% below $246.17 analyst target.Mixed▶
Broadridge Financial Solutions launched next-generation digital asset platform for Canadian wealth managers enabling crypto and tokenized asset offerings. Company received up to $40 million in grants and tax credits from New York State with $78 million investment commitment to Long Island facilities. Q2 2026 earnings beat expectations with recurring revenue and adjusted EPS growth outlook raised, highlighting investment in digital assets and tokenization. According to 6 analysts, average rating is Buy with 12-month price target of $246.17, representing 62.90% upside from current price. Stock described as trading at 50% intrinsic discount and 63% gap to analyst targets after sharp 1-year share price decline. Governor Kathy Hochul grant convinced Broadridge to remain on Long Island.
Apr 15Broadridge launches on-chain governance platform for tokenized equities, processing $8 trillion in tokenized assets monthly.Positive▶
Broadridge announced on April 6 the extension of its governance platform to support digital assets, enabling management of proxy voting, corporate actions, and disclosures for both traditional and tokenized securities. The platform now processes $8 trillion in tokenized assets per month and supports 392% year-over-year growth in March 2026 average daily volume. Q2 2026 results showed total revenues of $1.71 billion with gross profit of $473.6 million.
Apr 14Broadridge launches on-chain governance for tokenized equities and Canadian digital asset platform; DLR processes record $9T.Positive▶
Broadridge announced extension of governance platform to support digital assets, enabling proxy voting and corporate actions for tokenized securities. Galaxy, first US public company to issue native tokenized equity on major blockchain, will use Broadridge's platform. Broadridge also launched next-generation digital asset capabilities for Canadian wealth managers. DLR platform processed record $9 trillion monthly volumes.
Apr 13Broadridge Financial Solutions extended governance platform to tokenized equities with $8 trillion monthly DLR processing.Positive▶
Broadridge announced April 6 extension of governance platform for digital assets, enabling public companies to manage proxy voting for tokenized securities. DLR platform processing over $8 trillion monthly volumes. Buy consensus from 6 analysts with $246.17 price target.
Apr 10Broadridge Financial stock hits 52-week low at $155.47; DA Davidson upgrades to Buy rating despite price decline.Negative▶
Broadridge Financial Solutions stock hit 52-week low of $155.47, down 31.42% YoY. DA Davidson upgraded stock from Neutral to Buy with $228 price target. RBC Capital lowered target to $245 from $265 while maintaining Outperform rating. Company announced expansion into digital assets governance and agreement to acquire CQG.
Apr 9Broadridge Q2 2026 beats estimates; tokenized equities governance platform expands digital asset offeringsPositive▶
Broadridge announced April 6 extension of governance platform to support digital assets and tokenized securities. Q2 2026 revenues of $1.71B beat expectations with gross profit of $473.6M and operating profit $206M. CEO Timothy Gokey increased personal stake; recurring revenue guidance raised. Processes $8 trillion in tokenized assets monthly. Stock undervalued at current price vs. analyst target of $245.88; analyst consensus Buy with 52.97% upside. Market leadership in payment digitization (>90% for equity proxies).
Apr 8Broadridge announces on-chain governance for tokenized equities April 6; processes $8T monthly.Positive▶
Broadridge extended governance platform for digital assets April 6. Galaxy will use platform for May meeting voting. Processes $8T monthly tokenized assets. Needham reaffirmed Buy $255 PT.
Apr 7Broadridge Beats Q2 Earnings, Raises Recurring Revenue Guidance Amid Digital PushPositive▶
Broadridge (BR) topped Q2 2026 earnings expectations and raised recurring revenue outlook, driving 30-day returns of 18.26% YTD returns of 27.01%. CEO Timothy Gokey added to his stake. Company extended governance platform to support tokenized equities, processing $8 trillion in tokenized assets monthly. Needham reaffirmed Buy with $255 target. 7 analysts average $248.78 target.
Apr 6Broadridge Q2 2026 earnings beat, raises recurring revenue outlook, advances tokenization initiativesPositive▶
Broadridge Financial Solutions reported Q2 2026 revenue of $1.71 billion with diluted EPS of $2.42, beating expectations. The company raised recurring revenue and adjusted EPS growth outlook and is advancing digital assets and tokenization capabilities. CEO Timothy Gokey increased his stake in the company. The Sponsored GC service went live March 2026 with DTCC and BNY Mellon for tri-party repo transactions across U.S. Treasury and agency securities. The Board declared a quarterly dividend of $0.975 per share. According to six analysts, the average rating is Buy with a 12-month price target of $246.17, representing 52.97% upside from current levels.
Apr 3Broadridge reports strong Q2 2026 earnings with $1.71B revenue and $2.42 EPS, backed by CQG acquisition agreement.Positive▶
Broadridge reported Q2 2026 total revenues of $1.71 billion and diluted EPS of $2.42. Announced agreement to acquire CQG's core global trading technology. Declared quarterly dividend of $0.975 per share. Governor Hochul announced $78M Broadridge investment in Long Island. DA Davidson upgraded to Buy on March 17.
Apr 2Broadridge Q2 2026 earnings beat; new 52-week low signals selling pressureMixed▶
Broadridge Financial Solutions reported Q2 2026 revenues of $1.71 billion and diluted EPS of $2.42. The company announced enhanced multi-asset portfolio management platform and secured $78 million NY state investment to retain 2,200 jobs on Long Island. However, the stock reached a new 52-week low of $155.54 during mid-day trading on April 1, 2026. The board declared a quarterly dividend of $0.975 per share. Analyst consensus is 'Buy' with a 12-month price target of $246.17, representing 34.50% upside.
Apr 1Broadridge reports strong Q2 2026 earnings ($2.42 EPS, $1.71B revenue) and raises FY EPS guidance; dividend $0.975 payable April 8.Positive▶
Broadridge reported strong Q2 2026 with $1.71 billion revenue, $284.6 million net income, and $2.42 EPS. Lifted full-year EPS growth guidance. Declared $0.975 quarterly dividend payable April 8. Released 2026 Fund Brand 50 report. New Chief Growth and Strategy Officer appointed. Analyst consensus Buy with $246.17 PT.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| BRBROADRIDGE | $154.80 | +0.53% | -5.2% | 14.9x | 1.01 | $18.0B |
| CATCATERPILLAR | $890.93 | +0.09% | +23.4% | 31.8x | 1.52 | $414.2B |
| GEGENERAL | $287.56 | -0.82% | +0.4% | 33.4x | 1.43 | $302.9B |
| GEVGE | $1,064.74 | -1.73% | +20.7% | 44.2x | 1.20 | $291.1B |
| RTXRTX | $174.46 | -0.91% | -11.3% | 23.3x | 0.43 | $237.1B |
| BABOEING | $227.67 | -0.59% | +7.9% | 52.3x | 1.13 | $180.5B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.