Broadridge Finl Solutions Inc Stock Price, News & Analysis

Broadridge Financial Solutions (NYSE: BR) has announced the delivery of comprehensive investor communication solutions for Shareholder Rights Directive II (SRD II) compliance to Northern Trust. These solutions enhance shareholder communications for EU issuers and their intermediaries. Broadridge's Global Proxy platform, used by Northern Trust, supports real-time connectivity and same-day meeting distributions. With revenues of $5 billion, Broadridge underpins over $9 trillion in daily trading, serving as a global communications hub that links public companies to millions of investors.

Broadridge Financial Solutions (NYSE: BR) has declared a quarterly cash dividend of $0.64 per share, set to be paid on January 5, 2022. Stockholders of record will be eligible if their shares are held at the close of business on December 15, 2021. With revenues exceeding $5 billion, Broadridge plays a crucial role in providing vital infrastructure for investment management and communication, underpinning over $9 trillion in daily trading of various securities.

Broadridge Financial Solutions (NYSE: BR) has been awarded the Asset Servicing Regulatory Solution of the Year for its innovative Shareholder Rights Directive (SRD II) solution at the Asset Servicing Times Awards in London. The end-to-end SRD II solution enhances proxy voting and shareholder disclosure, facilitating compliance for market intermediaries. Broadridge implemented over 300 client solutions, focusing on digital connectivity and governance. With revenues of $5 billion, the company plays a pivotal role in corporate governance and market transparency, underpinning over $9 trillion in daily trading globally.

Ping Identity appoints Shalini Sharma as the new Chief Legal Officer, effective January 10, 2022. Sharma, a legal professional with over 23 years of experience, holds expertise in corporate governance and compliance. She replaces Lauren Romer, who contributed significantly to the company over the past decade. Andre Durand, founder and CEO, expressed confidence in Sharma’s leadership as the company aims for global expansion.

Broadridge Financial Solutions reported strong first-quarter results for FY 2022, with total revenues up 17% to $1.193 billion and recurring fee revenues increasing by 16% to $751 million. Operating income rose 31% to $103 million, driven by robust governance trends and the integration of Itiviti. The company reaffirmed fiscal year guidance of 12-15% recurring revenue growth and 11-15% Adjusted EPS growth. Diluted EPS grew by 2% to $0.57, while adjusted EPS saw a 9% increase to $1.07. However, closed sales decreased by 6% to $30 million.

Broadridge Financial Solutions (NYSE:BR) has successfully implemented PeerNova's Cuneiform® Platform to enhance its customer onboarding process for international post-trade processing. This SaaS platform allows Broadridge to proactively manage and improve data quality across client data sources, leading to reduced onboarding costs, increased efficiency, and faster time-to-value for clients. Danny Green emphasized the importance of high-quality data in simplifying customer onboarding, while PeerNova's CEO, Gangesh Ganesan, highlighted the platform's ability to monitor data quality in real-time, ensuring effective and accurate client data migration.