Broadridge Financial Solutions, Inc. (NYSE: BR) observed trading -7.15% off 52-week high price. On the other end, the stock has been noted 40.52% away from low price over the last 52-weeks. The stock disclosed a move of -0.95% away from 50 day moving average and 13.61% away from 200 day moving average. Moving closer, we can see that shares have been trading 0.95% off 20-day moving average. It has market cap of $14769.24M and dividend yield of 1.68%.
Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader and part of the S&P 500® Index, today announced that it has acquired Financial Database Services, a trusted provider of compensation management, compliance and advisor onboarding solutions for the wealth management industry. The acquisition expands Broadridge’s current market leading advisor compensation management capabilities and underscores its commitment to bringing value-added technology solutions to the wealth management industry.
“The acquisition of Financial Database Services is the latest example of Broadridge expanding our wealth capabilities and growing our client base,” said Michael Alexander, head of North American Wealth and Capital Markets Solutions for Broadridge. “Compensation management and compliance are key industry areas in need of transformation, and we look forward to extending our industry leading capabilities.”
Financial Database Services, the developer of the CAESAR suite of products, provides a modular suite of compensation and compliance tools to the marketplace, including advisor onboarding and analytics solutions. With the SEC’s recently adopted Regulation Best Interest rule, the solutions strengthen Broadridge’s position to help clients with adoption and compliance.
“We are excited to become part of industry leader Broadridge and to work together to continue to bring innovative solutions to a greater number of clients,” said David Woltman, President of Financial Database Services.
Terms of the deal were not disclosed. The USA based company Broadridge Financial Solutions moved with change of -0.84% to $128.35 with the total traded volume of 402762 shares in recent session versus to an average volume of 698.89K. The stock was observed in the 5 days activity at 0.02%. The one month performance of stock was 0.49%. BR’s shares are at 1.62% for the quarter and driving a -4.68% return over the course of the past year and is now at 33.35% since this point in 2018. Right now the stock beta is 0.71. The average volatility for the week and month was at 1.55% and 1.90% respectively. There are 115.07M shares outstanding and 113.48M shares are floated in market.
Ricardo Gardner joined the newsdegree.com, after more than 10 years of experience in writing financial and business news, most recently as Investment Editor and writer. He also has a vast knowledge of stock trading. He earned bachelor degree from Union College with a focus in Business Administration. Ricardo is the Senior Editor for newsdegree.com and market movers section. He also holds an MBA from Penn State University He has two daughter and two children.
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