Broadridge makes a solid purchase

Article Excerpt

BROADRIDGE FINANCIAL SOLUTIONS, $199.24, is a buy. The company (New York symbol BR; TSINetwork Rating: Average) (www.broadridge.com; Shares o/s: 118.2 million; Market cap: $23.6 billion; Yield: 1.6%) has announced the acquisition of AdvisorTarget, a provider of data products to asset management and wealth Management firms. The purchase price was not disclosed. The move is aimed at supporting clients with more personalized, engaging and effective marketing campaigns by pairing AdvisorTarget’s advisor behavioral data with Broadridge’s insights on client asset holdings. Broadridge Financial is a buy. buy. …