Broadridge has begun trading on the New York Stock Exchange as an independent, public company focused on providing services to the financial services industry.
Broadridge Financial Solutions, Inc. was officially spun off from Automatic Data Processing, Inc. on March 30th. The newly independent company begins trading as a member of the S&P MidCap 400 Index.
“This is a very exciting milestone for Broadridge that exemplifies our commitment to pursue continued growth and build value for our shareholders and clients,” Broadridge CEO Rich Daly said. “As an independent company focused on providing solutions to the financial services industry, we believe Broadridge is well positioned to execute strategic initiatives specific to our business needs, provide expanded solutions for our clients and increase opportunities for our associates.”