Last $53.23 USD
Change Today +0.10 / 0.19%
Volume 867.9K
BR On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

broadridge financial solutio (BR) Snapshot

Open
$53.15
Previous Close
$53.13
Day High
$53.55
Day Low
$53.02
52 Week High
02/25/15 - $53.97
52 Week Low
04/15/14 - $35.35
Market Cap
6.4B
Average Volume 10 Days
800.9K
EPS TTM
$2.08
Shares Outstanding
120.9M
EX-Date
03/11/15
P/E TM
25.6x
Dividend
$1.08
Dividend Yield
1.80%
Current Stock Chart for BROADRIDGE FINANCIAL SOLUTIO (BR)

broadridge financial solutio (BR) Related Businessweek News

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broadridge financial solutio (BR) Details

Broadridge Financial Solutions, Inc. provides investor communications and technology-driven solutions for the financial services industry in the United States, Canada, the United Kingdom, and internationally. The company’s Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services. It provides ProxyEdge, an electronic proxy delivery and voting solution for institutional investors and financial advisors; and distributes regulatory reports and corporate action/reorganization event information, as well as tax reporting solutions. This segment also offers financial information distribution and transaction reporting services, such as processing and distribution of account statements and trade confirmations, traditional and personalized document fulfillment and content management services, and marketing communications, as well as imaging, archival, and workflow solutions to financial institutions and securities issuers; and registered proxy, registrar, stock transfer, and record-keeping services for corporate issuers. Its Securities Processing Solutions segment offers advanced computerized real-time transaction processing services that automate the securities transaction comprising desktop productivity tools, data aggregation, performance reporting, portfolio management, order capture and execution, trade confirmation, settlement, and accounting. This segment’s services assist financial institutions to consolidate their books and records, gather and service assets under management, focus on their core businesses, and manage risk. The company serves retail and institutional brokerage firms, global banks, mutual funds, annuity companies, institutional investors, specialty trading firms, clearing firms, third party administrators, hedge funds, corporate issuers, and financial advisors. The company is headquartered in Lake Success, New York.

6,700 Employees
Last Reported Date: 08/7/14

broadridge financial solutio (BR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $785.8K
Chief Financial Officer and Corporate Vice Pr...
Total Annual Compensation: $512.3K
Chief Operating Officer and Corporate Senior ...
Total Annual Compensation: $544.3K
Corporate Senior Vice President of Investor C...
Total Annual Compensation: $466.8K
Corporate Vice President of US Investor Commu...
Total Annual Compensation: $384.4K
Compensation as of Fiscal Year 2014.

broadridge financial solutio (BR) Key Developments

Broadridge Financial Solutions, Inc Expands its Operations and It Professional Services Practice; Hires Erik Digiacomo to Lead the Practice

Broadridge Financial Solutions, Inc. is expanding its professional services practice within the company's Global Technology and Operations business unit to help financial institutions navigate regulatory and operational challenges and execute large business transformation initiatives. Broadridge's professional services practice offers transformation planning, cost optimization, risk and compliance consulting, and application development and integration services, leveraging Broadridge's global subject matter and technology expertise, as well as a strong network of external partners. The practice will leverage solutions from Broadridge in an open architecture environment, providing best-of-breed components to support business and operating model transformation. The company has hired industry veteran Erik DiGiacomo to lead the practice.

Broadridge Financial Solutions, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2014; Reaffirms Earnings Guidance for the Full Year of 2015

Broadridge Financial Solutions, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended December 31, 2014. For the quarter, the company reported revenues of $574.6 million compared to $520.6 million a year ago. The increase was driven by higher recurring fee revenues of $26 million, or 7%, and higher distribution revenues of $23 million, or 16%. Earnings before income taxes were $51.6 million compared to $42.7 million a year ago. Net earnings were $34.7 million compared to $27.6 million a year ago. Diluted earnings per share were $0.28 compared to $0.22 a year ago. Adjusted net earnings were $39.9 million compared to $31.2 million a year ago. Adjusted diluted earnings per share were $0.32 compared to $0.25 a year ago. Adjusted earnings before income taxes were $59.4 million compared to $48.3 million a year ago. For the six months, the company reported revenues of $1,130.4 million compared to $1,065.8 million a year ago. The increase was primarily driven by higher recurring fee revenues of $40 million, or 6%, reflecting gains from Net New Business, internal growth and acquisitions. Earnings before income taxes were $101.6 million compared to $112.0 million a year ago. Net earnings were $67.2 million compared to $72.0 million a year ago. Diluted earnings per share were $0.54 compared to $0.58 a year ago. Adjusted net earnings were $76.6 million compared to $79.3 million a year ago. Adjusted diluted earnings per share were $0.62 compared to $0.64 a year ago. Adjusted earnings before income taxes were $115.8 million compared to $123.4 million a year ago. The company reaffirmed earnings guidance for the full year of 2015. Recurring fee revenue growth in the range of 5% to 7%, and total revenue growth in the range of 4% to 6%. Adjusted diluted earnings per share in the range of $2.42 to $2.52, and diluted earnings per share in the range of $2.29 to $2.39. Free cash flows were in the range of approximately $320 million to $370 million. Recurring revenue closed sales in the range of $110 million to $150 million. Adjusted Earnings before income taxes were in the range of $462 million to $480 million. Earnings before income taxes were in the range of $438 million to $457 million. Capital expenditures and software purchases were in the range of $75 million to $70 million. Net cash flows provided by operating activities in the range of $395 million to $440 million.

Broadridge Eyes Acquisitions

Broadridge Financial Solutions, Inc. (NYSE:BR) is looking for acquisition opportunities. Richard J. Daly, President and Chief Executive Officer of Broadridge, said, ""We remain focused on our growth strategy, three-year financial objectives, and tuck-in acquisition goals that we communicated at our Investor Day in December. In addition to the quarter's strong financial and sales performance, in January, we announced our agreement to acquire the trade processing business of M&T Bank Corporation's Wilmington Trust Retirement and Institutional Services unit to complement and expand our industry leading Matrix platform. Also, in December, we acquired TwoFour Systems LLC to address the rising demand for advanced foreign exchange and cash management technology among financial institutions. We believe both of these transactions align very well with our successful tuck-in acquisition strategy."

 

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Industry Analysis

BR

Industry Average

Valuation BR Industry Range
Price/Earnings 25.6x
Price/Sales 2.4x
Price/Book 6.5x
Price/Cash Flow 24.9x
TEV/Sales 2.1x
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