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Broadridge Financial Solutions (NYSE:BR) has reached a new pinnacle, hitting an all-time high of 211.76 USD. This milestone reflects the company's robust performance over the past year, with the stock demonstrating a strong upward trend. The 1-year change data further underscores this positive trajectory, showing a significant increase of 22.87%. This impressive growth rate indicates a solid investor confidence in Broadridge Financial Solutions, as the company continues to outperform in its sector.
In other recent news, Broadridge Financial Solutions has been the focus of several significant developments. The company's Q3 2024 results revealed a 4% rise in recurring revenue and a 9% increase in adjusted earnings per share (EPS), affirming its full-year financial objectives, including a 100% free cash flow conversion.
Broadridge also announced a change in leadership with CFO Edmund Reese set to depart by the end of June. Ashima Ghei, current CFO of Broadridge's Investor Communication Solutions segment, will step in as Interim CFO.
In terms of market analysis, D.A. Davidson has maintained a Neutral stance on Broadridge, with a continued price target of $185.00. The firm included Broadridge in its Best-of-Breed Bison initiative, which highlights top-tier companies with strong market positions and financial metrics.
Broadridge is also actively allocating capital through share repurchases and mergers and acquisitions, indicating a strategic focus on growth. These are the latest developments that continue to shape the trajectory of Broadridge Financial Solutions.
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