Broadridge Financial Solutions, Inc.

Strong Financial Performance: Broadridge reported an 8% growth in recurring revenues and a 9% adjusted EPS growth in Q3 FY2025. Year-to-date sales reached $174 million, reaffirming guidance for 6%-8% recurring revenue growth and an adjusted EPS increase in the middle of the 8%-12% range.

Market Volatility and Client Behavior: The company experienced an unusual level of market volatility recently, leading to high trading volumes. While this has benefited Broadridge in the near term, there are signs of elongation in the sales closing process as clients adopt a cautious approach towards new investments, impacting Q4 sales expectations.

Substantial Equity Position Growth: There was a 15% increase in equity positions, with a notable growth in smaller, non-revenue-generating positions likely driven by trends in direct indexing. This could contribute to overall long-term growth as these smaller accounts scale into larger positions over time.