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Brett Keller, a director at Broadridge Financial Solutions , Inc. (NYSE:BR), recently sold shares worth approximately $1.3 million. The transactions, dated February 6, involved the sale of 5,442 shares at an average price of $240.40 per share. The sale occurred as the stock trades near its 52-week high of $242.39, with InvestingPro data showing the company's market capitalization at $28 billion. In addition to these sales, Keller exercised options to acquire 8,858 shares at prices ranging from $51.43 to $56.37, totaling around $484,075. Following these transactions, Keller now directly owns 15,536 shares of the company. According to InvestingPro analysis, Broadridge maintains strong financial health with an Altman Z-Score of 7.46, while consistently raising dividends for 18 consecutive years. For deeper insights into insider trading patterns and 13 additional ProTips, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Broadridge Financial Solutions outperformed fiscal second-quarter estimates, with adjusted earnings per share of $1.56, surpassing the anticipated $1.44. The company's revenue also grew by 13% to $1.59 billion, slightly above the consensus forecast. Recurring revenues, a significant metric for Broadridge, increased by 9% to $980 million, driven by 7% organic growth and the acquisition of SIS.
Following these results, Broadridge reaffirmed its financial guidance for fiscal 2025, projecting 6%-8% year-over-year growth in recurring revenue and an 8%-12% year-over-year increase in adjusted earnings per share. DA Davidson analyst Peter Heckman reacted to these developments by increasing his price target for Broadridge to $220, while maintaining a neutral rating on the shares.
On a similar note, Raymond (NSE:RYMD) James also expressed a positive outlook on Broadridge shares, raising the price target to $256 and retaining an outperform rating. The firm highlighted Broadridge's ability to reach its full-year recurring revenue and earnings per share guidance and emphasized the company's potential growth in the fiscal year 2026 and beyond. These recent developments reflect the confidence of analysts in Broadridge's ongoing performance and growth trajectory.
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