Fannie Mae, Freddie Mac shares tumble after conservatorship comments
Robert N. Duelks, a director at Broadridge Financial Solutions , Inc. (NYSE:BR), recently sold shares of the company’s common stock. Broadridge, a $28 billion market cap company, has shown strong performance with a nearly 20% return over the past year and maintains a GOOD financial health rating according to InvestingPro analysis. According to a recent SEC filing, Duelks sold 485 shares at an average price of $237.93 per share, totaling approximately $115,395. The transaction occurred with the stock trading near its 52-week high of $244.47, at a time when InvestingPro’s Fair Value analysis suggests the stock may be slightly overvalued. Following this transaction, Duelks holds 4,960 shares indirectly through BOMAR II LLC. The filing also reports his direct ownership of 26,510 shares and additional indirect holdings through trusts. For comprehensive insider trading analysis and 13 additional ProTips about BR, visit InvestingPro.
In other recent news, Broadridge Financial Solutions reported fiscal second-quarter results that surpassed analyst expectations, posting adjusted earnings per share of $1.56, above the estimated $1.44. Revenue for the quarter rose 13% to $1.59 billion, slightly exceeding the consensus forecast of $1.57 billion. The company reaffirmed its full-year guidance, forecasting 6-8% growth in recurring revenue and an 8-12% increase in adjusted earnings per share for fiscal 2025. DA Davidson responded to Broadridge’s earnings by raising the stock price target to $220, maintaining a Neutral rating. Meanwhile, Raymond (NSE:RYMD) James increased their price target to $256, keeping an Outperform rating, and highlighted Broadridge’s strong performance and potential for future growth. The firm’s analysts noted that unexpected event-driven revenue allows Broadridge to invest in initiatives projected to support growth in fiscal 2026 and beyond. Broadridge’s recurring revenues increased 9% year-over-year, driven by organic growth and acquisitions. The company’s event-driven revenues more than doubled, attributed to higher mutual fund communication volumes.
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