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Stock Market & Financial Investment News

News Breaks
March 11, 2013
10:41 EDTBRMatrix financial converts $8B in assets from BOK Financial to trading platform
Earlier today, Matrix Financial Solutions, a Broadridge Financial Solutions company, announced that it has seamlessly converted $8B in assets from BOK Financial Corporation to its trading platform in just two days with no blackout compared to the industry standard three-day blackout period.
News For BR From The Last 14 Days
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September 17, 2014
08:46 EDTBRBroadridge reaffirms FY15 EPS view $2.42-$2.52, consensus $2.48
Backs FY15 recurring revenue growth in the range of 5%-7%, and total revenue growth in the range of 4%-6%, consensus $2.69B. Reaffirms FY15 free cash flow outlook in the range of approximately $320M-$370M. Says aims to grow portfolio by capitalizing on three disruptive market macro trends, which include digitization of investor communications, cost/capability mutualization and intelligence created from unique data. Says the company plans to do so with a combination of organic growth, partnerships and acquisitions. Says targeting to pay out 45% of NON-GAAP net earnings in dividends, but expects no less than $1.08 per share annually, subject to board approval. Says aims to use excess cash "opportunistically" to offset dilution and reduce share count through buybacks. aims to invest in projects delivering at least 20% IRR. Comments taken from the company's investor slide presentation.

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