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Douglas Richard Deschutter, Co-President of Broadridge Financial Solutions , Inc. (NYSE:BR), recently sold a significant portion of his holdings in the company. The transaction comes as Broadridge, a $28.9 billion market cap company with a GREAT financial health score according to InvestingPro, trades near its 52-week high of $247.01. According to a filing with the Securities and Exchange Commission, Deschutter sold 4,903 shares of common stock on June 6, 2025. The shares were sold at a weighted average price of approximately $245.76, resulting in a total transaction value of about $1,204,966.
Following this transaction, Deschutter retains direct ownership of 16,263.8948 shares in Broadridge Financial. The sale was executed in multiple transactions, with prices ranging from $245.40 to $246.13 per share.
In other recent news, Broadridge Financial Solutions reported its third-quarter 2025 earnings, with an adjusted earnings per share (EPS) of $2.44, slightly exceeding the forecasted $2.41. However, the company’s revenue of $1.81 billion fell short of the expected $1.85 billion. Despite the revenue miss, Broadridge demonstrated strong performance with an 8% growth in recurring revenue on a constant currency basis and an adjusted operating income margin of 22.4%. RBC Capital Markets maintained its Outperform rating on Broadridge, citing the company’s successful launch of a new Wealth Management platform and its robust financial performance. RBC analysts also noted Broadridge’s improved financial flexibility, with free cash flow conversion returning to its historical average of approximately 100%. Additionally, Needham initiated coverage on Broadridge with a Buy rating and a $300 price target, highlighting the company’s comprehensive product suite and consistent margin expansion. These developments indicate a positive outlook for Broadridge amidst economic uncertainties, with a focus on sustaining growth and expanding its market position.
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