Broadridge Financial Solutions (NYSE:BR) is a global leader in technology solutions for the financial services industry, known for powering investing, governance, and communications. The company processes over 7 billion communications annually and supports the daily trading of more than $10 trillion in securities globally. With over 14,000 associates across 21 countries, Broadridge is a certified Great Place to Work® and is listed on the S&P 500® Index. For investors seeking deeper insights, InvestingPro offers comprehensive analysis including 13+ additional ProTips and a detailed Pro Research Report, providing valuable intelligence for informed investment decisions. For investors seeking deeper insights, InvestingPro offers comprehensive analysis including 13+ additional ProTips and a detailed Pro Research Report, providing valuable intelligence for informed investment decisions.
Broadridge Financial Solutions is a global leader in technology solutions for the financial services industry, known for powering investing, governance, and communications. The company processes over 7 billion communications annually and supports the daily trading of more than $10 trillion in securities globally. With over 14,000 associates across 21 countries, Broadridge is a certified Great Place to Work® and is listed on the S&P 500® Index. For investors seeking deeper insights, InvestingPro offers comprehensive analysis including 13+ additional ProTips and a detailed Pro Research Report, providing valuable intelligence for informed investment decisions.
Before her tenure at Broadridge, Ghei had an 18-year career at American Express (NYSE:AXP), culminating in the position of Head of Merchant Pricing for the Americas. Her extensive experience in financial management and strategy is seen as a significant asset to Broadridge's executive team.
Tim Gokey, CEO of Broadridge, expressed confidence in Ghei's abilities, citing her strategic leadership and track record of delivering results. He emphasized her role as a key partner in executing the company's long-term growth plan.
Ghei herself expressed enthusiasm for leading Broadridge into its next growth phase, focusing on strategic and financial goals that include innovation for clients and delivering shareholder value through disciplined investment and strong financial management.
Broadridge Financial Solutions is a global leader in technology solutions for the financial services industry, known for powering investing, governance, and communications. The company processes over 7 billion communications annually and supports the daily trading of more than $10 trillion in securities globally. With over 14,000 associates across 21 countries, Broadridge is a certified Great Place to Work® and is listed on the S&P 500® Index.
This announcement is based on a press release statement from Broadridge Financial Solutions, Inc.
In other recent news, Broadridge Financial Solutions reported a strong fiscal first quarter 2025, marking a 4% rise in recurring revenue and a record $57 million in closed sales, a 21% increase year-over-year. The company also disclosed an adjusted earnings per share (EPS) of $1 and upgraded its recurring revenue guidance for fiscal 2025 to 6%-8%, up from the previously forecasted 5%-7%.
Wolfe Research initiated coverage on Broadridge with a Peerperform rating, highlighting the company's solid recurring revenue and positioning within the capital markets and financial services sectors. Similarly, UBS initiated coverage on Broadridge with a Neutral rating, projecting steady recurring revenue growth in the mid- to high-single digits over the medium term.
Broadridge's shareholders approved all management's proposals at its 2024 Annual Meeting, including the election of 10 directors, the Say on Pay vote, and the ratification of Deloitte & Touche LLP as the company's independent auditors. In addition, DA Davidson increased Broadridge's price target from $205.00 to $210.00, maintaining a neutral rating on the stock, following Broadridge's fiscal first-quarter earnings.
The company continues to explore merger and acquisition opportunities while maintaining a focus on organic growth, with a robust sales pipeline and a backlog of $450 million. These are the recent developments in the company's activities.
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