Is Broadridge (BR) Turning Recurring Revenue And CQG Deal Into A Durable Competitive Advantage?

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Broadridge Financial Solutions (BR) recently reported strong second-quarter results with sales of US$1,713.9 million and net income of US$284.6 million, leading to an increased full-year adjusted EPS growth outlook. The company is expanding its capabilities through acquisitions like CQG and focusing on digital asset initiatives, leveraging its recurring revenue model and entrenched customer relationships. Despite a recent share price decline, analyst targets remain optimistic, though the completion of its buyback program and high debt levels present potential risks.

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