Last $42.03 USD
Change Today +0.68 / 1.64%
Volume 962.7K
BR On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 4:15 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

broadridge financial solutio (BR) Snapshot

Open
$41.25
Previous Close
$41.35
Day High
$42.13
Day Low
$41.19
52 Week High
06/4/14 - $42.32
52 Week Low
09/3/13 - $29.22
Market Cap
5.0B
Average Volume 10 Days
845.4K
EPS TTM
$2.16
Shares Outstanding
119.5M
EX-Date
09/11/14
P/E TM
19.5x
Dividend
$1.08
Dividend Yield
2.00%
Current Stock Chart for BROADRIDGE FINANCIAL SOLUTIO (BR)

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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: $711.7K
Chief Operating Officer and Corporate Senior ...
Total Annual Compensation: $527.9K
President of Investor Communication Solutions
Total Annual Compensation: $428.1K
Compensation as of Fiscal Year 2013.

broadridge financial solutio (BR) Key Developments

Wolters Kluwer Financial Services and Broadridge Tax Services Team-Up to Develop a Comprehensive Tax Reporting and Investment Compliance Solution

Wolters Kluwer Financial Services has joined with Broadridge Tax Services to deliver world-class Phase 3 Debt functionality to support Cost Basis and Tax Reporting compliance. The solution marries the efficiency of GainsKeeper(R) CompleteDebt with Broadridge Tax Data Services in order to facilitate enhanced tax reporting, reconciliation and continuity to meet the increasingly complex needs of broker-dealers for all asset classes, including debt, equities, mutual funds, and options. The combination of GainsKeeper and Broadridge Tax Data Services under this model introduces the industry's only Phase 3 Debt solution built from a Cost Basis platform. Moreover, GainsKeeper CompleteDebt is the only debt calculator currently in production in the industry that complies with all of the tax rules necessary to make the complex basis adjustments required by Phase 3. Wolters Kluwer Financial Services will leverage Broadridge's Tax Managed Services solution as a complementary offering to complete Information Reporting requirements for clients looking for a combined Basis and Tax Reporting solution. This combination is a logical step to provide an integrated solution to several broker-dealers that selected both the GainsKeeper and Broadridge Tax Data/Tax Managed Services solutions.

Broadridge Financial Solutions, Inc. Approves a Quarterly Dividend, Payable on October 1, 2014

Broadridge Financial Solutions, Inc. announced that on August 7, 2014, the Board of Directors approved a quarterly dividend of $0.27 per share payable on October 1, 2014 to stockholders of record on September 15, 2014. The Board also increased the annual dividend amount by approximately 29%, from $0.84 per share to $1.08 per share, subject to the discretion of the Board of Directors.

Broadridge Financial Solutions, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2014; Provides Earnings Guidance for the Full Year Ending June 30, 2015

Broadridge Financial Solutions, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended June 30, 2014. For the quarter, the company reported revenues of $885.9 million compared to $865.1 million a year ago. The increase was driven by higher recurring fee revenues of approximately $39 million, or 7%, as a result of Net New Business (defined as recurring revenue closed sales less client losses) and internal growth. Earnings before income taxes were $206.6 million compared to $202.2 million a year ago. Net earnings were $140.2 million or $1.13 per diluted share, compared to $134.6 million or $1.09 per diluted share, a year ago, primarily due to higher revenues and operating leverage coupled with the positive impact of improved productivity from strategic initiatives. The company announced that fourth quarter was successfully executed and enabled Broadridge to achieve another record year with 20% growth in Non-GAAP diluted EPS generated by Net New Business, favorable market conditions, and improved productivity. Non-GAAP Net earnings increased to $145 million, compared to $142 million for the same period last year. Non-GAAP Diluted earnings per share increased to $1.16 compared to $1.15 per share for the same period last year. For the year to date, the company reported revenues of $2,558.0 million compared to $2,430.8 million a year ago. The $127 million increase was driven by higher recurring fee revenues of $131 million and higher distribution revenues of $10 million. The positive contribution from recurring fee revenues reflected higher Net New Business and internal growth. Earnings before income taxes were $395.5 million compared to $323.2 million a year ago. Net earnings were $263.0 million or $2.12 per diluted share, compared to $212.1 million or $1.69 per diluted share, a year ago. Non-GAAP Net earnings increased to $279 million, compared to $236 million in the prior year period. Non-GAAP Diluted earnings per share were $2.25 per share compared to $1.88 per share for the comparable period last year. Net cash flows provided by operating activities (GAAP) were $388 million. Capital expenditures and software purchases were $54 million. The company provided earnings guidance for the full year ending June 30, 2015. For the period, the company is expecting its net cash flows provided by operating activities (GAAP) in the range of $395 million to $440 million; and capital expenditures and software purchases in the range of $75 million to $70 million. The company is anticipating its recurring revenue growth in the range of 5% to 7%, and total revenue growth in the range of 4% to 6%; non-GAAP pre-tax margins in the range of 17.3% to 17.7%, and GAAP Pre-tax margins in the range of 16.4% to 16.8%; non-GAAP diluted earnings per share in the range of $2.42 to $2.52, and GAAP Diluted earnings per share in the range of $2.29 to $2.39, based on diluted weighted-average shares outstanding of approximately 124 million shares; free cash flows in the range of approximately $320 million to $370 million; and recurring revenue closed sales in the range of $110 million to $150 million The Non-GAAP Pre-tax margins and diluted earnings per share guidance ranges exclude the projected impact of Acquisition Amortization and Other Costs.

 

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Industry Analysis

BR

Industry Average

Valuation BR Industry Range
Price/Earnings 19.5x
Price/Sales 1.9x
Price/Book 5.1x
Price/Cash Flow 18.8x
TEV/Sales 1.6x
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