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Robert N. Duelks, a director at Broadridge Financial Solutions , Inc. (NYSE:BR), recently executed significant stock transactions, according to a Form 4 filing with the Securities and Exchange Commission. The company, currently valued at $27.69 billion, has shown strong momentum with a 19.47% return over the past year, according to InvestingPro data. On February 26, Duelks sold a total of 8,405 shares of the company’s common stock at an average price of $237.15 per share, amounting to approximately $1.99 million.
In addition to the sales, Duelks also exercised stock options to acquire 14,631 shares of Broadridge Financial common stock. The options were exercised at prices ranging from $56.37 to $88.66 per share, totaling about $997,860.
Following these transactions, Duelks holds 26,510 shares in direct ownership. The filing also indicates indirect ownership through various trusts, including the Mary E. Duelks 2007 Revocable Trust and the Robert N. Duelks 2007 Revocable Trust. Notably, Broadridge has maintained dividend payments for 19 consecutive years, with a current yield of 1.49%. For deeper insights into Broadridge’s valuation and financial health metrics, investors can access comprehensive analysis through InvestingPro, which offers 12 additional investment tips for this stock.
In other recent news, Broadridge Financial reported fiscal second-quarter results that surpassed analysts’ expectations. The company posted adjusted earnings per share of $1.56, exceeding the projected $1.44, while revenue rose 13% to $1.59 billion, slightly above the consensus forecast of $1.57 billion. Recurring revenues increased by 9% to $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 8%-12% growth in adjusted earnings per share for fiscal 2025.
In response to these results, DA Davidson raised its price target for Broadridge to $220 but maintained a Neutral rating, citing the company’s solid performance. Meanwhile, Raymond (NSE:RYMD) James increased its price target to $256, retaining an Outperform rating, and highlighted Broadridge’s potential to reach the upper end of its full-year guidance. Raymond James also noted the company’s ability to invest in growth initiatives, supported by unexpected event-driven revenue. These developments reflect analysts’ varying perspectives on Broadridge’s valuation and growth prospects.
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