Broadridge adds a niche

Article Excerpt

BROADRIDGE FINANCIAL SOLUTIONS $130.56 New York symbol BR; TSINetwork Rating: Average) (201-714-3000; www.broadridge.com; Shares outstanding: 116.1 million; Market cap: $15.1 billion; Dividend yield: 1.5%) has completed the acquisition of Ireland-based Rockall Technologies Ltd. for $37 million. That firm makes securities-based lending- and collateral-management software for wealth management firms and commercial banks. Customers use the software to manage risk and optimize their clients’ securities lending and financing needs. Rockall Technologies currently facilitates the management of more than $3 trillion worth of collateral daily for some of the world’s top banks; about 10 of the top 30 U.S. banks use Rockall’s technology to streamline collateral management, safeguard against credit risk and enhance lending. Broadridge is a top pick for 2019. 2019…

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