Broadridge Finl Solutions Inc Stock Price, News & Analysis

Broadridge Financial Solutions' recent survey reveals that over 50% of financial firms plan to increase spending on emerging technologies like AI and blockchain in the next two years. IT budget allocation for these technologies is expected to rise from 11.8% to 15.7%, with leaders aiming for nearly 20%. The study indicates that leaders in tech adoption reported a 2.55% profit margin increase and 4.04% revenue growth, outperforming non-leaders. Cloud technology was found to be critical for operational improvements, followed by AI and digital solutions.

Broadridge Financial Solutions (NYSE: BR) announced participation in two key investor events. The first is the Raymond James 42nd Annual Institutional Investors – Virtual Conference on March 1, 2021, featuring CEO Tim Gokey at 12:30 PM ET. The second event is the Fifth Annual Evercore ISI Payments & FinTech Innovators – Virtual Forum on March 4, 2021, with CFO Edmund Reese speaking at 2:45 PM ET. Webcasts for both events will be available on Broadridge's Investor Relations website.

Broadridge Financial Solutions (NYSE: BR) has declared a quarterly cash dividend of $0.575 per share, payable on April 2, 2021, to stockholders of record as of March 15, 2021. As a global fintech leader with a market capitalization of $4.5 billion, Broadridge provides technology-driven solutions for banks and asset managers. The company processes an average of $10 trillion in trades daily and supports proxy voting for over 50% of public companies globally, reaffirming its expertise in investor communications.

Broadridge Financial Solutions reported strong financial results for Q2 and the first six months of fiscal year 2021. Total revenues rose by 9% to $1,055 million in Q2, while recurring fee revenues increased 7% to $696 million. Operating income surged 197% to $79 million, boosting diluted EPS to $0.48, a 433% year-over-year increase. The company forecasts full-year recurring revenue growth of 3-6% and adjusted EPS growth of 6-10%, expecting to meet the higher end of its guidance.

Broadridge Financial Solutions (NYSE: BR) has begun developing its role as an Approved SFT Submitter in collaboration with DTCC for a new Securities Financing Transaction (SFT) Clearing service. This service will enhance central clearing and settlement for overnight equity loans and borrowings. Slated for launch in Q3 2021, pending regulatory approval, the service aims to improve market access, reduce risks, and optimize capital usage for clients. The initiative reflects Broadridge's ongoing commitment to advancing efficiency in the securities finance market.

Broadridge Financial Solutions (NYSE: BR) has been selected by Cecabank, a major Spanish custodian bank, to implement its automated global proxy voting solution, enhancing compliance with the new Shareholder Rights Directive (SRD II). This initiative aims to streamline shareholder involvement in corporate governance, ensuring transparency and efficient communication. The solution is already operational, supporting Cecabank's diverse client base with enhanced governance standards. Broadridge has successfully completed over 220 implementations of its SRD II solutions, indicating strong market demand.

Broadridge Financial Solutions, Inc. (NYSE: BR) announces the appointment of Germán Soto Sanchez as Senior Vice President of Corporate Strategy, succeeding Michael Tae, who transitions to Chief Transformation Officer. Soto Sanchez brings extensive experience from Cloud9 Technologies and JPMorgan Chase, focusing on enhancing Broadridge's strategic vision and growth initiatives. CEO Tim Gokey emphasizes Soto Sanchez's innovative leadership as crucial to navigating the evolving financial industry landscape. Broadridge, a $4.5 billion global Fintech leader, is well-positioned to partner with firms for transformative technology solutions.