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Here's Why Broadridge Financial Solutions (BR) is a Strong Growth Stock
ZACKS· 2024-10-17 14:45
Core Insights - Zacks Premium provides various tools for investors to enhance their stock market strategies and confidence [1] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market within a 30-day timeframe [2] Zacks Style Scores Overview - The Style Scores categorize stocks based on value, growth, and momentum characteristics, assigning ratings from A to F [2] - Value Score focuses on identifying undervalued stocks using financial ratios like P/E and Price/Sales [2] - Growth Score evaluates stocks based on projected earnings and sales growth [3] - Momentum Score identifies trends in stock prices and earnings estimates to optimize entry points for investments [3] - VGM Score combines all three Style Scores to highlight stocks with the best overall potential [4] Zacks Rank and Style Scores Interaction - The Zacks Rank is a proprietary model that utilizes earnings estimate revisions to guide investors [5] - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41%, significantly outperforming the S&P 500 [5] - To maximize returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [6] Company Spotlight: Broadridge Financial Solutions - Broadridge Financial Solutions is a global financial technology company providing investor communications and technology solutions [7] - The company holds a Zacks Rank of 2 (Buy) and a VGM Score of A, indicating strong growth potential [7] - Broadridge is projected to achieve year-over-year earnings growth of 10.1% for the current fiscal year, with an upward revision in earnings estimates [7] - The Zacks Consensus Estimate for Broadridge's earnings has increased by $0.08 to $8.51 per share, with an average earnings surprise of 5.3% [7][8]
Broadridge Launches Instant Payments Service, Aligned with New EU Regulations
Prnewswire· 2024-10-17 06:00
NEW YORK and LONDON and FRANKFURT, Germany, Oct. 17, 2024 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, today announced the launch of its highly resilient and scalable managed service for connectivity, message processing and workflow management for instant payments. The Broadridge service supports real-time money transfers, operating 24/7/365, with transaction processing times of under 10 seconds from payer to beneficiary. Broadridge's Instant Payments Service util ...
Broadridge Launches Enhanced Operational Resilience Solution and Services for International Post-Trade Processing
Prnewswire· 2024-10-15 06:00
Core Insights - Broadridge Financial Solutions has launched enhanced services for international post-trade processing to address increasing cyber threats and comply with the EU's Digital Operational Resilience Act (DORA) [1][2] - The compliance deadline for DORA is approaching, emphasizing the urgency for financial firms to review their systems and strategies to mitigate risks associated with cyber incidents [2] Group 1: Enhanced Services and Solutions - Broadridge's new operational resilience services allow firms to share costs for business continuity and compliance with DORA through a shared services pricing model [2] - The services include specialized professional expertise to assess and validate risk and control frameworks, identifying vulnerabilities and enhancing operational risk management practices [2] - High-availability recovery solutions are provided, ensuring backup environments meet regulatory standards and can reduce recovery times from hours to minutes in case of cyber incidents [2] Group 2: Cyber-Recovery Capabilities - Broadridge offers enhanced cyber-recovery capabilities that protect critical data assets, utilizing secure, immutable storage for unalterable copies of a firm's post-trade infrastructure [2] - In the event of a cyber incident, these secure copies can be quickly restored, facilitating faster system recovery [2] Group 3: Company Overview - Broadridge Financial Solutions is a global technology leader, processing over 7 billion communications annually and supporting daily trading of more than $10 trillion in securities [4] - The company is part of the S&P 500 Index and employs over 14,000 associates across 21 countries [4]
Americas Executions Leverages Broadridge Technology to Support New Securities Lending Business
Prnewswire· 2024-10-10 06:00
NEW YORK, Oct. 10, 2024 /PRNewswire/ -- Americas Executions (AmerX), a full-service broker-dealer, implements technology platform Securities Finance and Collateral Management (SFCM) from global fintech leader Broadridge Financial Solutions, Inc. (NYSE: BR) to drive growth for its newly launched securities lending business. "As we launch AmerX's new securities lending business, Broadridge's advanced solution provides the essential system functionalities to enable us to offer new products and services that ad ...
What Makes Broadridge Financial (BR) a New Buy Stock
ZACKS· 2024-10-08 17:01
Broadridge Financial Solutions (BR) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system ...
Broadridge Stock Rises 17% in a Year: What You Should Know
ZACKS· 2024-09-27 18:20
Core Insights - Broadridge Financial Solutions, Inc. (BR) has seen a stock value increase of 17% over the past year, outperforming the broader industry growth of 14.7%, indicating strong performance and strategic execution [1] Group 1: Strategic Growth - Broadridge's success is attributed to its growth strategy focusing on governance, capital markets, and wealth management, utilizing advanced digital communication technologies and enhancing print and mail services [2] - In capital markets, Broadridge is expanding its global platform capabilities and employing next-generation solutions to improve service offerings [3] - The company has developed a comprehensive wealth management platform known for superior systems and data integration capabilities [3] Group 2: Shareholder Value - Broadridge has consistently increased its dividend payments, with $368.2 million in fiscal 2024, $331.0 million in 2023, and $290.7 million in 2022, supported by robust cash flow [4] - The company is projected to experience consistent growth in adjusted net income, estimating an 8% rise in fiscal 2024, followed by 6.9% in fiscal 2025 and 8.3% in fiscal 2026, enhancing its ability to pay dividends [5] Group 3: Financial Stability - As of the end of the fourth quarter of fiscal 2024, Broadridge reported a current ratio of 1.08, a significant improvement from the prior year's 0.58, indicating strong short-term financial stability [6]
2024 Proxy Voting Highlights Split Between Main Street and Wall Street in Corporate Elections, New Broadridge ProxyPulse™ Report Finds
Prnewswire· 2024-09-26 11:00
Individual investor ownership and voting is rising NEW YORK, Sept. 26, 2024 /PRNewswire/ -- Individual investor ownership was at its highest level in a decade according to the ProxyPulse™ report released today by global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE:BR). Individual investors owned 31.7% of shares held beneficially in street name, up from 31.5% for the prior season. More individual investors are exercising their right to vote: their voting participation ticked up to 29.8% of the ...
Here's Why Broadridge Financial Solutions (BR) is a Strong Momentum Stock
ZACKS· 2024-09-24 14:56
Company Overview - Broadridge Financial Solutions is a global financial technology company based in Lake Success, NY, providing investor communications and technology-driven solutions to banks, broker-dealers, asset managers, and corporate issuers [10] - The company is a leading producer and distributor of various documents widely used in the financial industry, including proxies, annual reports, prospectuses, and trade confirmations [10] Investment Ratings - Broadridge is currently rated 3 (Hold) on the Zacks Rank, with a VGM Score of A, indicating a solid performance potential [11] - The company has a Momentum Style Score of A, with shares increasing by 0.6% over the past four weeks [11] Earnings Estimates - In the last 60 days, three analysts have revised their earnings estimates upwards for fiscal 2025, with the Zacks Consensus Estimate increasing by $0.12 to $8.51 per share [11] - Broadridge has an average earnings surprise of 5.3%, suggesting a history of exceeding earnings expectations [11] Investment Considerations - With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, Broadridge is recommended to be on investors' short lists for potential investment opportunities [12]
Broadridge Recognized as a Leader in Financial Services for Communications Experience Platforms and Communications Outsourcing
Prnewswire· 2024-09-17 09:00
Aspire Leaderboard placements highlight Broadridge's strength in driving strategic communications experience and direction for customers globally NEW YORK, Sept. 17, 2024 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader, today announced it has been recognized, for the third year in a row, as a leading strategic communications and customer experience services provider in the 2024 Customer Communications Management (CCM) to Customer Experience Management (CXM) Aspire Le ...
Broadridge Announces First High-Quality Liquidity Asset Use Case for its Distributed Ledger Repo Platform
Prnewswire· 2024-09-16 06:00
NEW YORK, Sept. 16, 2024 /PRNewswire/ -- Expanding its network across the global repo market, Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR), today announced that a Tier-1 Canadian Bank has implemented its Distributed Ledger Repo (DLR) platform for High-Quality Liquid Asset (HQLA) treasury securities management. This collaboration marks a significant milestone as the bank becomes the first to go live with this groundbreaking HQLA use case through DLR, showcasing the potential of Distri ...