Nucor earnings beat by $0.08, revenue fell short of estimates
Douglas Richard Deschutter, Co-President of Broadridge Financial Solutions , Inc. (NYSE:BR), recently sold a significant portion of his holdings in the company. According to the latest SEC filing, Deschutter disposed of 5,056 shares of common stock on May 27, 2025, at an average price of $239.5493 per share. This transaction totaled approximately $1.21 million. Following the sale, Deschutter retains ownership of 21,166.8948 shares in the company. The shares were sold in multiple transactions, with prices ranging from $239.4450 to $239.6950.The sale comes as Broadridge, with a market capitalization of $28.15 billion, trades near its 52-week high of $247.01. InvestingPro analysis indicates the stock is currently overvalued, trading at a P/E ratio of 35.6x. The company maintains strong financial health with a "GOOD" overall rating and has raised its dividend for 18 consecutive years, recently growing it by 10%. For deeper insights into Broadridge’s valuation and 11 additional exclusive ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Broadridge Financial Solutions reported its third-quarter 2025 earnings, where the company posted an adjusted earnings per share (EPS) of $2.44, slightly exceeding the forecast of $2.41. However, revenue fell short of expectations, coming in at $1.81 billion compared to the projected $1.85 billion. Despite the revenue miss, Broadridge revised its full-year closed sales guidance to a range of $240-300 million, indicating optimism about future demand for its solutions. RBC Capital Markets maintained an Outperform rating on Broadridge, with a price target of $259, citing the company’s strong financial performance and the successful launch of a new Wealth Management platform in fiscal 2023. Meanwhile, Needham initiated coverage with a Buy rating and a $300 price target, emphasizing Broadridge’s comprehensive product suite and shareholder-friendly capital allocation strategy. Broadridge’s strategic focus on mergers and acquisitions, along with its consistent margin expansion, continues to be a point of interest for investors. The company’s ability to sustain growth amidst macroeconomic uncertainty and its approach to expansion were also highlighted in recent discussions with RBC analysts.
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