Broadridge names Boaz Lahovitsky president: what it means for Broadridge stock

Published on 10/01/2026 at 16:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal 2026 recurring revenue rose 8.00 percent to USD 4.88 billion. Broadridge stock costs EUR 144.35 on October 1, 2026.

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Broadridge (ISIN US11133T1034) was quoted at EUR 144.35 at Lang & Schwarz on October 1, 2026, while the financial technology company appointed Boaz Lahovitsky president of Wealth Management on September 23, 2026. As MarketScreener reported, Lahovitsky succeeded Mike Alexander, who remains involved in strategic programs. The change puts wealth-management execution at the center of Broadridge's next growth phase.

Wealth management gets new leadership

Lahovitsky joined after more than 20 years in advisory and platform businesses, including senior roles at J.P. Morgan, Vanguard, Citi, Genpact, UBS and Booz Allen Hamilton. The appointment matters because Broadridge's platform supports advisor productivity, investor communications and operational modernization across financial institutions.

The company is already expanding its technology footprint. Its digital-assets platform reached the U.S. market in September 2026, giving broker-dealers, registered investment advisers and wealth managers a unified operating model for digital-asset services, according to the company release carried by MarketScreener.

Recurring revenue sets the financial baseline

Broadridge's recurring revenue rose 8.00 percent to USD 4.88 billion in fiscal 2026, including 6.00 percent organic growth, according to Zacks. The same report said client retention reached 98.00 percent and the backlog stood at USD 470.00 million, giving the business measurable visibility beyond the leadership transition.

For the fourth quarter of fiscal 2026, total revenue reached USD 2.22 billion, up 7.50 percent year over year and 2.10 percent above consensus of USD 2.17 billion. Adjusted earnings per share came to USD 3.82, ahead of consensus at USD 3.75, while operating margin expanded 50 basis points to 24.60 percent.

Fiscal 2027 targets test execution

Management expects recurring revenue growth of 6.00-8.00 percent in fiscal 2027 and adjusted earnings-per-share growth of 8.00-12.00 percent. Zacks also reported a fiscal 2027 target of USD 25.00 million in artificial-intelligence productivity savings and adjusted operating margin of 21.00 percent, compared with 20.50 percent in fiscal 2026.

Broadridge stock and the next report

Broadridge stock was quoted at EUR 144.35 at Lang & Schwarz on October 1, 2026 at 4:02 p.m. CEST. The primary listing is the NYSE, where the finance-data snapshot showed a USD 133.83 to USD 238.73 52-week range and market capitalization of USD 18.9 billion on October 1, 2026. The next earnings date is November 3, 2026, according to GetSignal.
The further course of trading is shown by the continuously updated real-time quote of Broadridge stock.