Broadridge Financial Solutions relocates headquarters to New York City
Broadridge Financial Solutions relocates headquarters to New York City
Broadridge Financial Solutions, Inc. (NYSE:BR) has moved its corporate headquarters to 605 Third Avenue, New York, NY 10158. The change was effective September 29, according to a statement released Friday based on a filing with the Securities and Exchange Commission.
The company also updated its main telephone number to (212) 918-6900. No additional operational or financial changes were disclosed in the filing.
Broadridge Financial Solutions provides business services and is incorporated in Delaware. Its common stock is listed on the New York Stock Exchange under the ticker BR. The company maintains a market capitalization of $21 billion and trades at a P/E ratio of 19.4. According to InvestingPro analysis, the stock appears undervalued relative to its Fair Value, with the company earning a "GREAT" financial health score. Notably, Broadridge has raised its dividend for 19 consecutive years, reflecting strong operational consistency.
This information is based on a press release statement included in the company’s SEC filing.
In other recent news, Broadridge Financial Solutions reported fiscal fourth-quarter results that exceeded Wall Street expectations. The company announced adjusted earnings of $3.82 per share on revenue of $2.22 billion, surpassing analysts’ predictions of $3.75 per share on revenue of $2.17 billion. Fiscal 2026 was highlighted by strong recurring revenue growth, record closed sales, and robust cash generation. Additionally, UBS raised its price target for Broadridge Financial Solutions shares to $180 from $165, maintaining a Neutral rating. UBS cited the company’s healthy sales pipeline, which increased by 33% year-over-year, as a key factor in its decision. Management expressed optimism for fiscal year 2027 and beyond, contributing to the positive outlook. These recent developments reflect Broadridge’s strong performance and promising future prospects.