Broadridge Financial

Broadridge Financial Solutions, Inc. engages in the provision of investor communications and technology solutions to banks, broker-dealers, mutual funds, and corporate issuers. It operates through the following segments: Investor Communication Solutions and Global Technology and Operations. The Investor Communication Solutions segment offers services for broker-dealer investor communication, customer communication, corporate issuer, advisor solutions, and mutual fund and retirement solutions. The Global Technology and Operations segment includes middle and back-office securities processing solutions, automation services, and business process outsourcing services. The company was founded in 1962 and is headquartered in Lake Success, NY.

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Broadridge reports strong Q1 earnings, eyes organic growth opportunities

Broadridge's Q1 2023 earnings call showcased strong financial performance, with a focus on recurring revenue growth and margin expansion. The company is confident in its ability to deliver another strong year in fiscal '23, despite challenges in new bookings and closed sales expectations. Broadridge remains well-positioned to capitalize on opportunities in foundational technology and organic revenue growth.

Broadridge Financial reports strong Q2 earnings, eyes growth opportunities

Broadridge Financial's Q2 performance was robust, showcasing growth in key segments and reaffirming full-year guidance. Despite challenges like decelerating growth and potential macro headwinds, the company remains optimistic about sustaining growth targets and leveraging opportunities for further expansion.

Broadridge Financial excels in Q3, poised for sustained growth

Broadridge Financial delivered a strong Q3 performance with growth across key segments and expects steady top and bottom-line growth in the fourth quarter. The company is on track to meet or exceed its 3-year financial objectives, with a focus on enhancing free cash flow conversion and capital allocation strategies.

Broadridge Financial exceeds Q4 expectations, eyes growth opportunities in M&A

Broadridge Financial reported strong Q4 results, met or exceeded financial objectives, and announced plans for dividend increase, share repurchases, and potential M&A. The company expects mid- to high single-digit recurring revenue growth, margin expansion, and strong adjusted EPS growth in fiscal '24. Challenges include sales visibility uncertainties and managing sales timing.

Broadridge Financial reports strong Q1 performance and outlines growth strategies

Broadridge Financial's Q1 2024 showcased robust financial performance and strategic initiatives for growth and margin expansion.
The company's strengths in modernizing investing, disciplined financial management, and competitive positioning bode well for future prospects.
While facing challenges in earnings impact and market competition, Broadridge eyes opportunities in debt reduction, strategic investments, and shareholder value creation.

Broadridge Financial reports strong Q2 results, eyes growth opportunities

Broadridge Financial's Q2 performance reflects a solid foundation for future growth, supported by strong revenue growth and a clear strategic vision. While facing challenges in customization and integration, the company's focus on innovation and client engagement positions it well for success. With a robust pipeline and confidence in meeting financial objectives, Broadridge is poised for continued growth and market leadership.

Broadridge Financial reports strong Q3 performance and growth outlook

Broadridge Financial's Q3 performance reflects solid growth in recurring revenue and adjusted EPS.
Despite challenges in regulatory communications timing, the company remains focused on growth and shareholder engagement.
Management's strategic focus on addressing client needs and enhancing digital capabilities positions Broadridge for long-term success.
Anticipated revenue growth and strong performance outlook indicate a positive trajectory for Broadridge Financial.

Broadridge posts record sales and dividend increase, eyes growth opportunities

Broadridge Financial's Q4 2024 performance reflects strong sales growth, financial stability, and shareholder value creation through dividends and buybacks.
The company's strategic focus on digitization, governance, and market expansion positions it well for sustained growth and profitability.
While facing challenges in maintaining growth targets, Broadridge has opportunities to leverage its strengths in technology, acquisitions, and market trends.

Broadridge Financial reports solid Q1 results, raises revenue guidance

Broadridge Financial delivered a strong performance in Q1 2025, with growth in governance and capital markets revenue. Despite challenges in Wealth and Investment Management, the company remains optimistic about the SIS acquisition and raised revenue guidance. The outlook for the year includes solid sales activity and confidence in revenue growth.

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Combining forward-looking advisor intent data with asset holding data enables precision-targeted, cost-effective digital marketing and sales strategies NEW YORK , May 30, 2024 /PRNewswire/ -- Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) announced today that it has acquired AdvisorTarget, a market leader in providing asset management and wealth management firms with data products to help power digital marketing, sales and engagement programs targeting financial advisors. Adding AdvisorTarget's unique advisor insight to Broadridge's existing data and analytics suite will enable asset managers to better target advisors and drive their growth strategies.

Broadridge Acquires AdvisorTarget, Expands Capabilities to Help Asset Management and Wealth Firms Transform Digital Distribution and Marketing

Self-directed assets increase to 23% and the share of investors without a college degree exceeds 50%     ETF usage rose to 47% from 31% in 2018 and is likely to exceed 50% by 2025 The count of Millennial investors is on a path to overtake that of Gen-X investors, Millennial count increases by 9 percentage points since 2018 Female investors have higher median assets than male investors at $52,105 in 2023 compared to men's $50,271 NEW YORK , May 22, 2024 /PRNewswire/ -- The newest edition of the annual U.S. Investor Study, launched today from global Fintech leader Broadridge Financial Solutions, Inc. (NYSE: BR), provides critical insight into U.S. retail investor habits and enables asset managers, advisors and investors to deepen their understanding of the national investment landscape. This year's Study reveals key trends such as Gen-Z, Millennial and Gen-X investors steadily increasing their share of assets while assets held by Boomers and the Silent Generation continue to decline, the rising popularity of self-directed investing across generations and Americans' slow but steady breakup with mutual funds as allocations to ETFs and U.S. equities rise.

Landmark Broadridge Study of More than 40 Million U.S. Retail Investors Highlights the Dramatic Shifts in How Americans Invest

NEW YORK , May 16, 2024 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR) announced that its Board of Directors has declared a quarterly cash dividend of $0.80 per share. The dividend is payable July 5, 2024 to stockholders of record at the close of business on June 14, 2024.

Broadridge Declares Quarterly Dividend of $0.80 Per Share

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Conduent

The Zacks Outsourcing industry is poised for growth as business and IT outsourcing become increasingly vital. Companies like BR, BBSI and CNDT are positioned to benefit from these prevailing trends.

3 Outsourcing Stocks to Buy Amid Industry Woes

NEW YORK and TORONTO , May 13, 2024 /PRNewswire/ -- Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR), today announced that it will acquire Kyndryl's Securities Industry Services (SIS) wealth and capital markets technology platform. SIS solutions include clearing and settlement, account record keeping, tax and regulatory reporting, and integrated order management activities for Canadian financial services firms.

Broadridge and Kyndryl to Partner in Canadian Wealth Management

NEW YORK , May 9, 2024 /PRNewswire/ --  LTX , a subsidiary of Broadridge Financial Solutions Inc. (NYSE: BR), today announced its integration with MultiLynq , a leading provider of electronic fixed income trading connectivity and integration solutions, to accelerate connectivity to the LTX platform. Solutions like MultiLynq assist dealers and other market participants in more quickly onboarding to LTX, joining the 35+ dealers and 90+ asset managers already on the AI-powered corporate bond trading platform.

LTX by Broadridge Integrates with MultiLynq to Deliver Accelerated Trading Connectivity

Broadridge Financial Solutions, Inc. (NYSE:BR ) Q3 2024 Earnings Conference Call May 8, 2024 8:30 AM ET Company Participants Edings Thibault - IR Tim Gokey - Chief Executive Officer Edmund Reese - Chief Financial Officer Conference Call Participants David Togut - Evercore ISI William Vu - Wolfe Research Patrick O'Shaughnessy - Raymond James Operator Good day, and welcome to the Broadridge Financial Solutions Third Quarter and Fiscal Year 2024 Earnings Conference Call. All participants will be in a listen-only mode.

Broadridge Financial Solutions, Inc. (BR) Q3 2024 Earnings Call Transcript

Broadridge's (BR) Q3 earnings and revenues increase year over year.

Broadridge (BR) Q3 Earnings Meet Estimates, Revenues Miss

While the top- and bottom-line numbers for Broadridge Financial (BR) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Broadridge Financial (BR) Q3 Earnings: A Look at Key Metrics

Recurring revenues grew 4%; up 4% constant currency Diluted EPS rose to $1.79 and Adjusted EPS increased 9% to $2.23 Q3 Closed sales rose 29%; up 19% year-to-date  Expecting FY'24 Recurring revenue growth constant currency at the low end of 6-9% guidance range, Adjusted EPS growth at the middle of 8-12% range, and record Closed sales NEW YORK , May 8, 2024 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE: BR) today reported financial results for the third quarter ended March 31, 2024 of its fiscal year 2024. Results compared with the same period last year were as follows:   Summary Financial Results Third Quarter Nine Months Dollars in millions, except per share data 2024 2023 Change 2024 2023 Change Recurring revenues $1,126 $1,082 4 % $2,896 $2,728 6 %      Constant currency growth (Non-GAAP) 4 % 6 % Total revenues $1,726 $1,646 5 % $4,563 $4,222 8 % Operating income $303 $287 6 % $576 $482 19 %      Margin 17.5 % 17.4 % 12.6 % 11.4 % Adjusted Operating income (Non-GAAP) $370 $345 7 % $743 $668 11 %      Margin (Non-GAAP) 21.4 % 21.0 % 16.3 % 15.8 % Diluted EPS $1.79 $1.67 7 % $3.14 $2.58 22 % Adjusted EPS (Non-GAAP) $2.23 $2.05 9 % $4.24 $3.81 11 % Closed sales $80 $62 29 % $185 $156 19 % "Broadridge reported 4% Recurring revenue growth and 9% Adjusted EPS growth in a quarter that was modestly impacted by the timing of annual meetings," said Tim Gokey, Broadridge CEO.

Broadridge Reports Third Quarter Fiscal 2024 Results

Get a deeper insight into the potential performance of Broadridge Financial (BR) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Insights Into Broadridge Financial (BR) Q3: Wall Street Projections for Key Metrics

NEW YORK--(BUSINESS WIRE)--Prometheum Capital LLC (“Prometheum”), a subsidiary of Prometheum Inc., today announced it has selected Broadridge Financial Solutions, Inc. (NYSE: BR) for back-office solutions as the firm prepares to launch its full-suite of custody, clearing, and settlement services for digital asset securities. Prometheum will deploy Broadridge's Shadow Post Trade Processing Solution and Business Process Outsourcing (BPO) solutions. Prometheum will use Broadridge's robust capabili.

Prometheum Selects Broadridge to Strengthen Post-Trade Lifecycle and Back-Office Operations

NEW YORK , April 19, 2024 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR) is scheduled to release its financial results for the third quarter of fiscal year 2024 on Wednesday, May 8, 2024. Broadridge will host a webcast and conference call to discuss those results at 8:30 a.m.

Broadridge Schedules Webcast and Conference Call to Review Third Quarter Fiscal Year 2024 Results on May 8, 2024

NioCorp Developments Ltd

CENTENNIAL, CO / ACCESSWIRE / April 17, 2024 / NioCorp Developments Ltd. ("NioCorp" or the "Company") (NASDAQ:NB)(TSX:NB) announces that its board of directors (the "Board") has approved the voluntary delisting of the Company's common shares from the Toronto Stock Exchange (the "TSX") (the "Delisting").

NioCorp to Voluntarily Delist from the TSX in Favor of its Current Nasdaq Listing

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Earnings Growth & Price Strength Make Broadridge Financial Solutions (BR) a Stock to Watch

NEW YORK and LONDON and TOKYO , April 14, 2024 /PRNewswire/ -- Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) today announced that SBI SECURITIES Co., Ltd. has selected Broadridge's post-trade solution to launch its equities brokerage services to clients in the UK, through its subsidiary SBI Shinsei International Limited.

SBI SECURITIES Selects Broadridge's Post-trade Solution for its Equities Brokerage Services in the UK

Intercontinental Exchange

NEW YORK , April 11, 2024 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader, announced that Hope Jarkowski has been appointed Chief Legal Officer, effective May 6, 2024. Jarkowski succeeds Keir Gumbs, who served as Chief Legal Officer until November 2023.

Broadridge Names Hope Jarkowski Chief Legal Officer

NEW YORK , April 8, 2024 /PRNewswire/ -- Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE: BR), announced the appointment of Frank Troise as President of Broadridge Trading & Connectivity Solutions and Vice Chairman of Broadridge Capital Markets, effective April 29, 2024. Mr. Troise succeeds Ray Tierney, who will serve in an advisory capacity, following a successful three-year tenure.

Frank Troise Joins Broadridge to Lead Trading and Connectivity Solutions Business

Broadridge (BR) maintains a strong business model with substantial recurring revenue streams.

Reasons Why You Should Bet on Broadridge (BR) Stock Now

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Increased retail investor engagement as a result of the evolving market and regulatory framework NEW YORK and LONDON , March 27, 2024 /PRNewswire/ -- Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) today announced its latest whitepaper on the trends driving the proxy voting and corporate governance activities of retail investors throughout Europe. The whitepaper, The Continued Empowerment of the Retail Shareholder , looks at how ongoing reviews of the Capital Markets Union (CMU) and the Shareholder Rights Directive (SRDII), combined with wider adoption of new technology, a greater emphasis on user experience and a shift in the priorities of traditional and next-generation retail investors, are shaping the market and further engaging the retail segment.

Across Europe Retail Investor Voting Activity is Growing, According to New Broadridge Whitepaper

13th annual ranking highlights that 'Solidity' and 'Client-oriented thinking' distinguish leading asset managers NEW YORK , March 26, 2024 /PRNewswire/ -- The latest edition of Broadridge's Fund Brand 50 (FB50), an annual research study by global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) was released today, highlighting the world's best-performing third-party asset management brands. U.S. fund selectors prize solidity and client service as the domestic giants jostle for position and strengthen their hold on the asset management industry.

Vanguard Unseats BlackRock's Top Spot in Broadridge's 2024 Best-Performing Fund Brand Ranking in the U.S.

NEW YORK , March 25, 2024 /PRNewswire/ -- LTX, an AI-powered fixed income trading platform and subsidiary of global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE:BR), today announced a successful integration with TS Imagine's Fixed Income Execution Management System, TradeSmart Fixed Income (TradeSmart). The integration offers mutual buy-side clients improved pre-trade transparency, price discovery and better access to aggregated liquidity within their existing workflows.

LTX by Broadridge Integrates with TS Imagine to Improve Fixed Income Liquidity Access for Mutual Buy-Side Clients

New expanded international issuer services including AI-powered analytics NEW YORK and LONDON , March 25, 2024 /PRNewswire/ -- Global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE:BR), today announced the launch of Broadridge Investor Insights, an analytics platform that gives issuers a comprehensive understanding of their investors and voting patterns. Issuers can use the built-in artificial intelligence to identify opportunities for increased investor engagement and participation in the voting process.

Broadridge's New Investor Insights Solution Elevates Engagement Between Issuers and Investors

Broadridge (BR) benefits from its growth strategy in governance, capital markets and wealth management.

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