Back to top

Image: Bigstock

Broadridge (BR) Announces Partnership With AccessFintech

Read MoreHide Full Article

Broadridge Financial Solutions, Inc. (BR - Free Report) , yesterday, announced a new partnership with AccessFintech. Founded in 2015, AccessFintech runs a network of financial industry participants, sharing data and working together on exception resolution of trades.

The collaboration is aimed at providing a Strategic Gateway for Settlement Workflow that helps in efficiently resolving multi-party settlement fails. Powered by Broadridge's post-trade data and platforms, and subsumed with AccessFintech's cloud-based operations workflow model, this work flow solution enables users to attain transformational advantages, such as accelerated resolution of settlement fails, cost savings and operational risk reduction.

It allows participants to seamlessly share data with multiple counterparties on a single platform, ensuring high quality and consistency of data, easy onboarding, and improved efficiency in comparing data and resolving settlement exceptions.

Vijay Mayadas, president of Capital Markets at Broadridge, said, "Broadridge's partnership with AccessFintech aims to bridge operational gaps that currently exist in multi-party exception management with a collaborative approach, providing the sell-side with consistent, quality data and an automated workflow.

Notably, Broadridge’s shares have gained 55.3% over the past year, underperforming the 58.8% rise of the industry it belongs to and 62.8% rally of the Zacks S&P 500 composite.

Zacks Rank and Stocks to Consider

Broadridge currently carries a Zacks Rank #3 (Hold).

Some better-ranked service stocks are ExlService (EXLS - Free Report) , Gartner (IT - Free Report)  and Blucora , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The long-term expected earnings per share (three to five years) growth rate for ExlService, Gartner and Blucora is pegged at 9.4%, 13.5% and 15%, respectively.

Time to Invest in Legal Marijuana

If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.

After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%.

You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.

Today, Download Marijuana Moneymakers FREE >>


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Broadridge Financial Solutions, Inc. (BR) - free report >>

Gartner, Inc. (IT) - free report >>

ExlService Holdings, Inc. (EXLS) - free report >>

Published in