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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 ...
Enhancing Visibility and Analytics for Banks and Broker-Dealers, Broadridge Announces New Communications Data-Driven Platform
Prnewswire· 2024-09-12 20:30
CommCentral offers greater efficiency, API connectivity and insight into investor communications activity NEW YORK, Sept. 12, 2024 /PRNewswire/ -- CommCentral, a new cloud-based data solution providing banks and broker-dealers with real-time visibility into the investor communications they distribute and manage, is being rolled out by global fintech leader, Broadridge Financial Solutions, Inc. (NYSE:BR). The new platform offers AI-enabled query capabilities, customizable alerts for insights, monitoring and ...
Broadridge Ranked #3 in the 2024 IDC FinTech Rankings Top 100
Prnewswire· 2024-09-10 06:00
NEW YORK, Sept. 10, 2024 /PRNewswire/ -- For the tenth consecutive year, Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader, announced today its inclusion on IDC's FinTech Ranking Top 100 list for 2024. Broadridge maintains its #3 ranking on this year's list. The 21st annual vendor ranking represents leading hardware, software, and service providers to the financial services industry from around the world. Companies are ranked based on 2023 calendar year revenues attributed to the fina ...
Broadridge Financial (BR) Up 0% Since Last Earnings Report: Can It Continue?
ZACKS· 2024-09-05 16:36
It has been about a month since the last earnings report for Broadridge Financial Solutions (BR) . Shares have added about 0% in that time frame, underperforming the S&P 500. Will the recent trend continue leading up to its next earnings release, or is Broadridge Financial due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Broadridge Beats Q4 Earnings ...
Here's Why You Should Retain Broadridge Financial Stock Now
ZACKS· 2024-08-30 17:20
Broadridge Financial Solutions, Inc. (BR) has an impressive Growth Score of A. This style score condenses all the essential metrics from a company's financial statements to get a true sense of the quality and sustainability of its growth. The company's earnings for fiscal 2025 and 2026 are expected to improve 10.1% year over year. Revenues are expected to increase 6.3% in fiscal 2025 and 5.7% in fiscal 2026. Factors That Augur Well Fundamental trends like growing demand for data and analytics, mutualization ...