Broadridge Financial - Solid Steady Growth Continues

Introduction

This is a follow up to my February 9, 2017 Broadridge Financial (NYSE: BR) post. At the time I wrote that post, BR was trading at $68.18. This price was very similar to the price I had paid in August 2016 to acquire additional BR shares; BR is currently trading at $71.07.

Should you be unfamiliar with BR, I suggest you review BR's March 14, 2017 presentation made at Barclays Emerging Payments Forum.

In my February 9, 2017 post I indicated BR had acquired the North American Customer Communications ("NACC") business of DST Systems, Inc. (NSYE: DST). Upon acquiring this business, BR renamed the NACC business "Broadridge Customer Communications" and integrated it into BR's Investor Communication Solutions segment. By doing so, BR created North America's premier customer communications technology platform for print and digital solutions to banks, broker-dealers, mutual funds and corporate issuers.

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