Welcome to our dedicated page for Broadridge Finl Solutions news (Ticker: BR), a resource for investors and traders seeking the latest updates and insights on Broadridge Finl Solutions stock.
Broadridge Financial Solutions Inc. (NYSE: BR) is a global leader in investor communications and financial technology infrastructure. This news hub provides authorized updates on corporate developments, regulatory milestones, and strategic initiatives shaping the fintech sector.
Investors and analysts will find verified press releases covering earnings disclosures, partnership announcements, and technology deployments. Our curated selection focuses on material events impacting capital markets operations, digital transformation projects, and governance-related communications.
Key updates are organized by relevance to financial professionals, including:
• Quarterly financial performance reports
• Strategic acquisitions and client wins
• Regulatory compliance advancements
• Technology platform enhancements
Bookmark this page for direct access to Broadridge's official communications and third-party analyses vetted for operational context. Regular updates ensure stakeholders maintain awareness of developments affecting investor services, trade processing ecosystems, and financial data management solutions.
Broadridge Financial Solutions reported solid financial results for Q3 and nine months ended March 31, 2021. Total revenues increased by 11% to $1.39 billion, with recurring fee revenues rising 8% to $900 million. Operating income rose by 6% to $239 million, though the operating margin slightly decreased. Adjusted EPS increased by 5% to $1.76, with a notable 20% rise in adjusted operating income. The company raised guidance for recurring revenue growth to 8-10% and adjusted EPS growth to 11-13%, reflecting strong performance and strategic investments, including the pending acquisition of Itiviti.
Broadridge Financial Solutions (NYSE: BR) has announced a partnership with FundApps to integrate regulatory compliance technology into its portfolio and order management solution. This integration aims to streamline operational challenges for clients, including enhanced shareholder disclosures and compliance monitoring. Clients, such as BennBridge, highlight the benefits of automating compliance processes to focus on core business functions. The collaboration addresses the complexities of global regulatory compliance and aims to reduce reporting times while helping firms avoid fines and reputational risks.
On April 22, 2021, AllianceBernstein made history in fixed income trading by executing a significant block trade through Broadridge's LTX platform. This marked the first instance of a buy-side firm receiving aggregated liquidity from multiple buyers in real time. The innovation allows asset managers to trade large blocks of bonds more efficiently by leveraging LTX's RFX protocol, which optimizes buyer matching and enhances liquidity. Since January 2021, over 10 dealers and 40 asset managers have joined the platform, reflecting its growing influence in the bond market.
Broadridge Financial Solutions (NYSE:BR) is set to release its financial results for the third quarter and nine months ended March 31, 2021, on May 4, 2021. A conference call will occur at 8:30 a.m. ET, featuring CEO Tim Gokey and CFO Edmund Reese. Broadridge generates over $4.5 billion in revenues, delivering technology-driven solutions to financial institutions. Their infrastructure links public companies and investors, underpinning daily trading of over $10 trillion in securities globally, emphasizing their crucial role in corporate governance and communications.
The RepTrak Company has appointed Chris Perry, President of Broadridge Financial Solutions (NYSE: BR), to its Board of Directors. Perry brings nearly 30 years of experience in sales, marketing, and mergers & acquisitions in the fintech sector. The CEO of RepTrak, Kylie Wright-Ford, stated that Perry's expertise will support the company's growth strategy in reputation management and ESG priorities. Perry also holds positions on various boards, including the Financial Services Institute and Make-A-Wish Foundation, indicating his commitment to community and industry leadership.
On March 29, 2021, Broadridge Financial Solutions (NYSE: BR) announced its acquisition of Itiviti Holding AB in an all-cash deal valued at €2.143 billion (approx. $2.5 billion). This strategic acquisition aims to enhance Broadridge's capital markets capabilities and expand its presence in the APAC and EMEA regions. Itiviti, a provider of trading technology, had generated approximately €210 million in recurring revenues in 2020. The acquisition is expected to be accretive to Broadridge's Adjusted EPS in the first full year and contribute significantly to recurring revenue growth through 2023.
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