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Timothy C. Gokey, CEO of Broadridge Financial Solutions , Inc. (NYSE:BR), a $26.2 billion market cap company currently trading at $223.86, recently executed significant stock transactions, according to a Form 4 filing. According to InvestingPro analysis, the stock is currently trading near its Fair Value. On March 10, Gokey sold a total of 95,956 shares of Broadridge common stock, amounting to approximately $22.98 million. The sales were conducted in two separate transactions, with shares sold at weighted average prices ranging from $231.55 to $240.30.
In addition to the sales, Gokey exercised stock options to acquire 59,395 shares at a price of $67.32 per share, in a transaction valued at $3,998,471. These transactions were part of a pre-established 10b5-1 trading plan adopted in December 2024. After these transactions, Gokey holds 169,788 shares of Broadridge common stock.
In other recent news, Broadridge Financial reported fiscal second-quarter results that exceeded expectations, with a 13% increase in revenue to $1.59 billion, surpassing the consensus forecast of $1.57 billion. The company also achieved adjusted earnings per share of $1.56, beating analyst estimates of $1.44. Recurring revenues grew 9% year-over-year, reaching $980 million, driven by 7% organic growth and the acquisition of SIS. Broadridge reaffirmed its full-year guidance, projecting 6%-8% growth in recurring revenue and an 8%-12% increase in adjusted earnings per share for fiscal 2025.
Analyst firms have responded positively to these developments. DA Davidson raised Broadridge’s stock price target to $220, maintaining a Neutral rating, while Raymond (NSE:RYMD) James increased their target to $256 with an Outperform rating. Raymond James analysts noted the company is on track to reach the upper end of its full-year recurring revenue and EPS guidance. They also highlighted Broadridge’s re-accelerating equity position count growth as a positive sign.
Raymond James emphasized that unexpected event-driven revenue provides Broadridge with the flexibility to invest in initiatives supporting future growth. The firm’s analysts believe these investments will contribute to performance in fiscal year 2026 and beyond. Broadridge’s business model, characterized by high barriers to entry, supports a premium valuation, according to Raymond James.
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