Broadridge appoints Lahovitsky. Broadridge stock stays 33.36 percent below its high

Published on 10/06/2026 at 15:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Quarterly revenue rose 7.50 percent to USD 2.22 billion. Broadridge stock costs EUR 141.70 on October 6, 2026, plus 0.04 percent versus EUR 141.65.

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Broadridge Financial Solutions (ISIN US11133T1034) was trading at EUR 141.70 at Lang & Schwarz on October 6, 2026 at 2:50 p.m. CEST. Its primary-market quote was last at USD 159.08 on the NYSE on October 5, 2026, leaving the stock 33.36 percent below its USD 238.73 52-week high. AFX News reported on September 23, 2026 that Broadridge appointed Boaz Lahovitsky as president of Wealth Management.

Wealth leadership changes

Lahovitsky succeeded Mike Alexander, who remained with Broadridge on strategic programs, according to AFX News. The incoming executive brought more than 20 years of experience in advisory and financial services businesses, including roles at J.P. Morgan, Vanguard, Citi, Genpact, UBS and Booz Allen Hamilton.

The appointment adds a management development to a business that provides investor communications, wealth-management technology and transaction-processing services. Broadridge's fiscal year runs from July through June, and its latest annual figures show how much scale supports that platform.

Fiscal 2026 delivered growth

Broadridge generated USD 7.48 billion in revenue in fiscal 2026, up 8.53 percent from USD 6.89 billion in fiscal 2025. Net income rose to USD 1.12 billion from USD 839.50 million, while diluted earnings per share increased to USD 9.60 from USD 7.10, according to the standardized annual financial statements for those periods.

For the latest reported quarter, MarketBeat reported revenue of USD 2.22 billion, up 7.50 percent year over year, and earnings per share of USD 3.82 against a USD 3.76 consensus estimate. The company set fiscal 2027 earnings-per-share guidance at USD 10.37 to USD 10.75.

Analyst target stays higher

MarketBeat reported on October 3, 2026 that eight analysts split evenly between buy and hold ratings, producing a Moderate Buy consensus and an average 12-month target of USD 216.00. The target is 35.79 percent above the USD 159.08 primary-market quote, but the comparison uses the NYSE price rather than the euro reference price.

Zacks wrote on September 11, 2026 that recurring revenue rose 8.00 percent in fiscal 2026 to USD 4.88 billion, while fiscal 2027 guidance called for 6.00 percent to 8.00 percent recurring-revenue growth and 8.00 percent to 12.00 percent adjusted earnings-per-share growth.

Stock remains below its high

At Lang & Schwarz, Broadridge was trading at EUR 141.70 on October 6, 2026 at 2:50 p.m. CEST, plus 0.04 percent versus the prior close of EUR 141.65 on October 5, 2026. The modest daily move leaves the market response focused on the leadership change, recurring revenue visibility and the gap between the NYSE quote and the average analyst target. The further course of trading is shown by the continuously updated real-time quote of Broadridge stock.