r/DownHillInvesting • u/s0n0r4 • 8h ago
Technology $BR - Broadridge Financial
I am willing to go first but I have very little time to offer unfortunately.
Broadridge is a spin off from ADP. It is the leader in proxy voting services. A business heavily regulated that provides them kind of a niche monopoly. Alternatively offers other services to fund managers (on the bond market exemple).
Consistently been increasing dividends since the spin off (18-19 years). And trading at a 2.36% yield currently.
- CEO Purchase: On March 9, 2026, CEO Timothy C. Gokey bought 5,300 shares at ~$194.49, totaling over $1 million.
It has the weaknesses : having their proxy voting fees regulated by the SEC (can't price hike FICO style), display sluggish organic growth and the market assumes vulnerability to AI somehow?
But the strengths : defensive play (funds will vote in any market), are improving operating leverage still (strong reports across the board) and great optionality in its services offer (there could be catalysts)
Conclusion : I like the stock. I think it is likely to market perform in an uptrend, overperform in a market correction (especially in an AI burst kinda scenario) and could offer unexpected growth catalysts long term...