Topic: How To Invest

What is Pat’s commentary for the week of May 6, 2025

Article Excerpt

Broadridge is far from a household name outside of the financial sector. Regardless, since it was spun off by Automatic Data Processing (symbol ADP on Nasdaq) in 2007, the company has become a dominant player. We added the stock as a buy in our February 2008 issue of Wall Street Stock Forecaster at $22 a share. The shares are now up 961.8% for our subscribers. Moreover, they have risen 17.4% over the last year, alone. They currently trade near their all-time high, and we see several reasons why the shares will go even higher. For one, Broadridge has a wealth of data, gathered from thousands of broker-dealers, wealth managers, public companies and investment funds. The company is now using that database to become a leader in artificial intelligence (AI); that’s the combination of big computing with big data. Further, in 2020, Broadridge transferred control of most of its computing infrastructure to IBM. Today, IBM’s spinoff Kyndryl Holdings manages that infrastructure. We expect Kyndryl…