Broadridge Financial Solutions is a leading provider of technology and operations solutions for the financial services industry
The company specializes in providing services such as investor communications, securities processing, and regulatory compliance, catering primarily to banks, broker-dealers, and asset management firms. By leveraging advanced technology and innovative software, Broadridge streamlines complex processes and enhances efficiency for its clients, enabling them to focus on their core business functions while ensuring compliance with regulatory requirements. Through its comprehensive suite of services, Broadridge plays a crucial role in supporting the infrastructure of global capital markets.
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.
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%.
In recent weeks, three excellent dividend stocks raised their dividends, signaling that their financials are still strong, even in this period of volatility.
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.
Northwell Health and the Donald and Barbara Zucker School of Medicine at Hofstra/Northwell, in partnership with Broadridge Financial Solutions, have announced the establishment of an endowed deanship supporting medical student scholarships, funded by a generous $3 million gift from Broadridge Financial Solutions. The newly named Deborah and Lawrence Smith Dean of the Donald and Barbara Zucker School of Medicine at Hofstra/Northwell position honors the institution's founding dean and his late wife, who both played pivotal roles in the school’s creation in 2008. David L. Battinelli, MD, dean of the Zucker School of Medicine and executive vice president and physician-in-chief of Northwell Health, has been named the inaugural recipient of the endowment, which will enable more students to graduate debt-free from a top-ranked medical school, fully prepared to provide exceptional care to their patients and communities.
Broadridge Financial Solutions shares rise after reporting 4th quarter FY24 results with revenue growth of 6% Y/Y, recurring revenues up 5%, and adjusted EPS in line with consensus.
BR stock results show that Broadridge Financial Soln met analyst estimates for earnings per share but missed on revenue for the fourth quarter of 2024.
