Broadridge is the better buy right now

Article Excerpt

BROADRIDGE FINANCIAL SOLUTIONS $55.76 (New York symbol BR; TSINetwork Rating: Average) (201-714-3000; www.broadridge.com; Shares outstanding: 119.9 million; Market cap: $6.7 billion; Dividend yield: 2.2%) serves the investment industry in three main areas: investor communications, securities processing and transaction clearing. The company processes 90% of all proxy votes in the U.S. and Canada. Without one-time items, Broadridge earned $171.5 million in its fiscal 2015 fourth quarter, which ended June 30, 2015. That’s up 18.6% from $144.6 million a year earlier. Earnings per share rose 20.7%, to $1.40 from $1.16, on fewer shares outstanding. Revenue gained 4.9%, to $929.6 million from $885.9 million. The company continues to add new clients and is doing a good job of holding on to existing ones. Recurring fee revenue rose 7% in the latest quarter and accounted for 65% of the total. The company typically makes about half of its profits in its fiscal fourth quarter, which is the busiest period for processing proxies and annual…