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Christopher John Perry, President of Broadridge Financial Solutions Inc. (NYSE:BR), has recently reported a series of stock transactions, according to a Form 4 filing with the Securities and Exchange Commission. On March 7, Perry sold a total of 22,357 shares of Broadridge Financial common stock. These shares were sold at a weighted average price of $235.23 per share, resulting in a total transaction value of approximately $5.26 million. The stock, currently trading at $239.34, is near its 52-week high of $246.58, with InvestingPro data indicating the company trades at a P/E ratio of 37.08.
In addition to the sales, Perry also acquired shares through option exercises. The transactions involved the acquisition of 24,644 shares at prices ranging from $144.67 to $148.07 per share, totaling approximately $3.59 million. Following these transactions, Perry’s direct ownership in Broadridge Financial now stands at 52,523 shares.
These transactions highlight significant activity by an executive within the company, providing investors with insights into insider movements.
In other recent news, Broadridge Financial reported fiscal second-quarter results that exceeded analyst expectations, with adjusted earnings per share (EPS) of $1.56 compared to the anticipated $1.44. The company’s revenue increased by 13% to $1.59 billion, surpassing the consensus forecast of $1.57 billion. Broadridge also reaffirmed its full-year guidance, projecting a 6%-8% growth in recurring revenue and an 8%-12% rise in adjusted EPS for fiscal 2025. DA Davidson raised its price target for Broadridge to $220, maintaining a Neutral rating, following the company’s strong earnings performance. Meanwhile, Raymond (NSE:RYMD) James increased its price target to $256 and kept an Outperform rating, citing confidence in Broadridge’s ability to meet its full-year sales objectives. Analysts from Raymond James also highlighted Broadridge’s re-accelerating equity position count growth and event-driven revenue as positive indicators. These developments reflect Broadridge’s robust business fundamentals and strategic investments aimed at supporting long-term growth. The company’s financial guidance and recent analyst upgrades underscore its stable growth trajectory.
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