Gain from key trends

Article Excerpt

BROADRIDGE FINANCIAL SOLUTIONS, $136.60, is a buy. The company (New York symbol BR; TSINetwork Rating: Average) (www.broadridge.com; Shares o/s: 117.2 million; Market cap: $16.5 billion; Divd. yield: 1.9%) continues to be the leader in its expanding markets. This includes meeting the needs of the financial services industry as it pushes to improve efficiency and lower costs by outsourcing key middle and back-office functions to Broadridge. As well, new regulations in the U.S. (“Regulation Best Interest”) and Europe (“Shareholder Rights Directive”) also brighten the outlook for customer demand. Longer term, growing consumer demand for passive investment products like ETFs should also benefit Broadridge and its investor communications unit. In the meantime, the integration of recent acquisitions is going well and continues to boost the company’s profitability. Broadridge Financial is a buy. buy…