Broadridge Financial ($BR) Investment Thesis

Hello friends, I wanted to share a quick update on my latest portfolio move. Here is my thesis on $BR, which I bought at $147.50, increasing its weight from 0% to 7.5% of my portfolio. Business moat: $BR is the world leader in investor communications, processing regulatory documents and proxy voting so shareholders can vote (75% of its revenues with 85% market share and 98% retention rate). The company also supplies the core software that banks use to trade, clear, and settle securities daily (2