Caesars Entertainment misses Q2 earnings expectations, shares edge lower
Carey Thomas, Corporate Vice President at Broadridge Financial Solutions , Inc. (NYSE:BR), recently sold shares valued at approximately $855,797, according to a regulatory filing. The $27.7 billion market cap company, which currently trades near its 52-week high of $247.01, maintains a "GOOD" financial health rating according to InvestingPro analysis. The transaction, which took place on May 13, involved the sale of 3,607 shares of common stock at a weighted average price of $237.26 per share. The shares were sold in multiple transactions, with prices ranging from $237.01 to $237.53. Following this sale, Thomas retains ownership of 6,077 shares in the company. Notable for investors, Broadridge has raised its dividend for 18 consecutive years, though it currently trades at a relatively high P/E ratio of 35x. For comprehensive insider trading analysis and 12 additional key insights, explore InvestingPro’s detailed research report.
In other recent news, Broadridge Financial Solutions reported its third-quarter 2025 earnings, with adjusted earnings per share (EPS) of $2.44, slightly surpassing the forecasted $2.41. However, the company’s revenue came in at $1.81 billion, falling short of the projected $1.85 billion. Despite this mixed result, Broadridge remains optimistic about its future, revising its full-year closed sales guidance to a range of $240 million to $300 million. Analysts at Needham have initiated coverage on Broadridge with a Buy rating and set a price target of $300, reflecting confidence in the company’s strategic direction and potential for growth. This positive outlook is supported by Broadridge’s focus on expanding its product suite and its capital allocation strategy, which includes mergers and acquisitions as well as dividends and stock buybacks. The company continues to see strong demand for its digital solutions, with recurring revenue growing by 8% on a constant currency basis. Broadridge’s strategic approach, emphasizing operational efficiency and digital transformation, aligns with the positive assessments from analysts, suggesting potential for sustained growth and profitability.
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