Leader In a Growing Market

Article Excerpt

BROADRIDGE FINANCIAL SOLUTIONS $18.95 (New York symbol BR: SI Rating: Extra risk) (201-714-3000; www.broadridge.com; Shares outstanding: 139.3 million; Market cap: $2.6 million) reported an 8% rise in revenues for the three months ended June 30, 2007, to $780.3 million from $722.8 million from a year earlier. Excluding one-time items, profits rose 13.3% to $114 million or $0.82 a share from $100.7 million or $0.72 a share. Broadridge provides three types of services to the investment industry: investor communications; securities processing; and transaction clearing, trade settlements and other back office operations. The company’s systems help both large and small clients cut their costs while it profits from the continuing fall in the cost of computing. Broadridge is still a buy. buy…

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