Latest news with #TimGokey
Yahoo
07-05-2025
- Business
- Yahoo
Growing Need for Operational and Cyber Resilience Dominates Concerns Among Financial Services Industry
Outdated legacy systems leaving firms vulnerable to mounting cyber risks, according to Broadridge NEW YORK, May 7, 2025 /PRNewswire/ -- Growing concerns over operational and cyber resilience were the major theme of the SIFMA Ops 2025 conference, a gathering of top operations and technology leaders from across the capital markets ecosystem. The threat landscape is only becoming increasingly more sophisticated with artificial intelligence and other new tools to automate attacks. With high-profile data breaches, ransomware attacks, and system failures happening more frequently the importance of being prepared and protected against these growing risks has never been more important. Broadridge's recently released Digital Transformation & Next-Gen Technology Study found that 83% of firms have made cybersecurity a strategic imperative, and nearly 90% are making moderate to large investments in cybersecurity this year. This theme around operational and cyber resiliency was echoed in remarks by Broadridge CEO, Tim Gokey, and other industry leaders throughout the conference. "The combination of higher volatility, shorter settlement cycles, and the growing risk from cyber bad actors, have made operational and cyber resilience a critical priority for our financial services clients," said Neha Singh, Broadridge's Head of Post-Trade Transformation at Broadridge Financial Solutions. "It's no longer a conversation about if a cyber event will happen, but how prepared they will be for recovery when it does, which is why nearly 50% of our post-trade clients have adopted our enhanced cyber recovery solution" Broadridge's enhanced cyber recovery (Immutability and Repave) solution and services bolsters financial organizations' operational resilience as cyber threats become more sophisticated and prevalent. By deploying secure immutable storage, these solutions create unalterable, point-in-time copies of client and other critical data to enable swift restoration of services in the event of a cyber incident. Broadridge is also engaged with large global firms on collaborative assessments to design firm-specific recovery playbooks that improve preparedness. About Broadridge Broadridge Financial Solutions (NYSE: BR) is a global technology leader with the trusted expertise and transformative technology to help clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.
Yahoo
28-04-2025
- Business
- Yahoo
Here's Why SouthernSun SMID Cap Strategy Maintains Its Confidence in Broadridge Financial Solutions (BR)
SouthernSun Asset Management, LLC, an investment management firm, released its 'SouthernSun SMID Cap Strategy' first quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter, the strategy returned -8.60% on a gross basis (-8.76% net compared to a -7.50% return for the Russell 2500 Index and -5.83% for the Russell 2500 Value Index. The fund returned -9.41% on a gross basis (-10.06% net) over the trailing 12 months compared to -3.11% and -1.47% returns for the indexes, respectively, over the same period. In addition, please check the top 5 holdings of the strategy to know its best pick in 2025. In its first-quarter 2025 investor letter, SouthernSun SMID Cap Strategy highlighted stocks such as Broadridge Financial Solutions, Inc. (NYSE:BR). Headquartered in Lake Success, New York, Broadridge Financial Solutions, Inc. (NYSE:BR) is an investor communications and technology-driven solutions provider for the financial services industry. The one-month return of Broadridge Financial Solutions, Inc. (NYSE:BR) was -1.47% and its shares gained 21.49% of their value over the last 52 weeks. On April 25, 2025, Broadridge Financial Solutions, Inc. (NYSE:BR) stock closed at $238.13 per share with a market capitalization of $27.866 billion. SouthernSun SMID Cap Strategy stated the following regarding Broadridge Financial Solutions, Inc. (NYSE:BR) in its Q1 2025 investor letter: "Broadridge Financial Solutions, Inc. (NYSE:BR), the leading processor of proxy voting and fixed income trading in the U.S., was a top contributor in the first quarter. Results slightly exceeded our expectations, driven by a major mutual fund complex conducting board elections and relying on BR to process the proxies. More importantly, the outlook for the upcoming equity proxy season improved as equity position growth, which had been trending around 7%, began to pick up in October and was +11% for the quarter. Management now anticipates low double-digit equity position growth in the upcoming proxy season, up from prior expectations of mid-single-digit growth. Management also highlighted rising M&A activity and with net debt/EBITDA at approximately 2x, BR has the capacity to pursue strategic acquisitions. Overall, we remain confident in BR's strong competitive position, its ability to grow organically with minimal capital investment, and its skilled leadership team led by CEO Tim Gokey." A successful investor looking over a graph on a laptop charting a company's performance. Broadridge Financial Solutions, Inc. (NYSE:BR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 35 hedge fund portfolios held Broadridge Financial Solutions, Inc. (NYSE:BR) at the end of the fourth quarter, compared to 33 in the third quarter. While we acknowledge the potential of Broadridge Financial Solutions, Inc. (NYSE:BR) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
Business Journals
22-04-2025
- Business
- Business Journals
Broadridge Financial will lay off 72 people in Kansas City
The fintech giant plans to close its Kansas City facility, despite the company's recent financial success. A multibillion-dollar fintech company is winding down its Kansas City operations, which initially will result in 72 layoffs. Broadridge Financial Solutions Inc. (NYSE: BR) detailed its plans in an April 22 Worker Adjustment and Retraining Notification Act filing. Broadridge said it is consolidating its production operations at 2600 SW Blvd. into other sites throughout the U.S. The Kansas City facility is tied to the company's investor communication solutions business. The 'first mass layoff' will occur on June 20 and is expected to be permanent. Affected jobs include insert operators, material handlers, mail processing clerks, operations training coordinators and print operators, among others. Laid off employees will receive separation benefits, including severance pay and outplacement support. Broadridge reported $4.2 billion in recurring revenue last year, according to its annual report. Its closed sales climbed to $342 million in 2024 — a 39% jump from 2023. It is based in Lake Success, New York, which is part of Long Island. 'Our focus on execution helped drive strong financial results, including a double-digit increase in earnings and record closed sales,' CEO Tim Gokey said in the report. 'Importantly, we are entering fiscal 2025 poised for another year of sustained growth backed by a record backlog, robust demand for our solutions and resilient volume trends.' Kansas City's Fintech Companies Total FTE employees Rank Prior Rank Name / Prior rank (*unranked previously) 1 1 Euronet Worldwide Inc. 2 2 TreviPay 3 3 C2FO View this list
Associated Press
29-01-2025
- Business
- Associated Press
Broadridge Recognized as One of FORTUNE Magazine's 2025 ‘World's Most Admired Companies'
FORTUNE® magazine has recognized Broadridge Financial Solutions, Inc. (NYSE: BR) as one of the 2025 World's Most Admired Companies. This marks the company's 11th time being named to the prestigious list within the Financial Data Services industry category. The FORTUNE list, considered one of the leading measures of corporate reputation among the world's largest companies, rates firms on a range of criteria from investment value to global competitiveness and innovation. 'We are honored to be recognized once again as one of Fortune's World's Most Admired Companies,' said Tim Gokey, Broadridge's Chief Executive Officer. 'With increased competitive pressures, technological change and evolving regulations, financial firms face more challenges than ever. This recognition underscores Broadridge's trusted role in helping clients navigate these complexities and transform their operations with innovative technology, helping them thrive and grow.' Broadridge is a global technology leader playing a critical role in helping the financial services industry operate, innovate, and grow. By providing the critical infrastructure and technology solutions that power governance, capital markets, and wealth and investment management, the company drives operational resiliency, elevates business performance, and transforms investor experiences for its clients. Recognized routinely by influential industry analyst firms, Broadridge is distinguished for its innovative technology solutions and capabilities – including being listed on the IDC FinTech Rankings for 10 consecutive years, achieving the Highest Leader Position in Market Impact for Wealth Management Products by Everest Group, and being named a Leader in Communications Experience Platforms and Communications Outsourcing by Aspire. These accolades exemplify Broadridge's focus on developing the next-generation technologies and innovations that power the financial services industry. Broadridge is also frequently recognized by industry organizations for its employer leadership. The company has been certified as a Great Place to Work in the United States, Canada, India, UK, Ireland, Romania, Poland, Czechia, France, Germany, Sweden, Singapore, Japan, Hong Kong, Australia, and the Philippines. Broadridge has been recognized as one of the 'Best Places to Work for LGBTQ+ Equality' for 12 consecutive years, and by The New York State Society of Human Resource Management as a Best Companies to Work for in the State of New York for 17 years. With a market capitalization of $27 billion, Broadridge has delivered strong returns to shareholders since it became a public company in 2007. Over the last decade, Broadridge has delivered annualized total shareholder returns of 19%, placing it squarely in the top quartile of S&P500 companies. About Broadridge Broadridge Financial Solutions (NYSE: BR), is a global technology leader with the trusted expertise and transformative technology to help clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences. Our technology and operations platforms process and generate over 7 billion communications per year and underpin the daily trading of more than $10 trillion of securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 14,000 associates in 21 countries. For more information, please visit About FORTUNE World's Most Admired Companies list FORTUNE collaborates with Korn Ferry on this survey of corporate reputation. To determine the best-regarded companies in 52 industries, Korn Ferry asked executives, directors, and analysts to rate enterprises in their own industry on nine criteria, from investment value and quality of management and products to social responsibility and ability to attract talent. A company's score must rank in the top half of its industry survey to be listed. For more information and to view the complete list of companies, visit: .
Yahoo
29-01-2025
- Business
- Yahoo
Broadridge Recognized as One of FORTUNE Magazine's 2025 'World's Most Admired Companies'
NEW YORK, Jan. 29, 2025 /PRNewswire/ -- FORTUNE® magazine has recognized Broadridge Financial Solutions, Inc. (NYSE: BR) as one of the 2025 World's Most Admired Companies. This marks the company's 11th time being named to the prestigious list within the Financial Data Services industry category. The FORTUNE list, considered one of the leading measures of corporate reputation among the world's largest companies, rates firms on a range of criteria from investment value to global competitiveness and innovation. "We are honored to be recognized once again as one of Fortune's World's Most Admired Companies," said Tim Gokey, Broadridge's Chief Executive Officer. "With increased competitive pressures, technological change and evolving regulations, financial firms face more challenges than ever. This recognition underscores Broadridge's trusted role in helping clients navigate these complexities and transform their operations with innovative technology, helping them thrive and grow." Broadridge is a global technology leader playing a critical role in helping the financial services industry operate, innovate, and grow. By providing the critical infrastructure and technology solutions that power governance, capital markets, and wealth and investment management, the company drives operational resiliency, elevates business performance, and transforms investor experiences for its clients. Recognized routinely by influential industry analyst firms, Broadridge is distinguished for its innovative technology solutions and capabilities – including being listed on the IDC FinTech Rankings for 10 consecutive years, achieving the Highest Leader Position in Market Impact for Wealth Management Products by Everest Group, and being named a Leader in Communications Experience Platforms and Communications Outsourcing by Aspire. These accolades exemplify Broadridge's focus on developing the next-generation technologies and innovations that power the financial services industry. Broadridge is also frequently recognized by industry organizations for its employer leadership. The company has been certified as a Great Place to Work in the United States, Canada, India, UK, Ireland, Romania, Poland, Czechia, France, Germany, Sweden, Singapore, Japan, Hong Kong, Australia, and the Philippines. Broadridge has been recognized as one of the "Best Places to Work for LGBTQ+ Equality" for 12 consecutive years, and by The New York State Society of Human Resource Management as a Best Companies to Work for in the State of New York for 17 years. With a market capitalization of $27 billion, Broadridge has delivered strong returns to shareholders since it became a public company in 2007. Over the last decade, Broadridge has delivered annualized total shareholder returns of 19%, placing it squarely in the top quartile of S&P500 companies. About Broadridge Broadridge Financial Solutions (NYSE: BR), is a global technology leader with the trusted expertise and transformative technology to help clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences. Our technology and operations platforms process and generate over 7 billion communications per year and underpin the daily trading of more than $10 trillion of securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 14,000 associates in 21 countries. For more information, please visit About FORTUNE World's Most Admired Companies list FORTUNE collaborates with Korn Ferry on this survey of corporate reputation. To determine the best-regarded companies in 52 industries, Korn Ferry asked executives, directors, and analysts to rate enterprises in their own industry on nine criteria, from investment value and quality of management and products to social responsibility and ability to attract talent. A company's score must rank in the top half of its industry survey to be listed. For more information and to view the complete list of companies, visit: Media Contact Linda NamiasBroadridge Financial Solutions+1 View original content to download multimedia: SOURCE Broadridge Financial Solutions, Inc. Sign in to access your portfolio
