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LAKE SUCCESS, N.Y.—Matlin Laura, the Corporate Vice President, Deputy General Counsel, and Chief Compliance Officer at Broadridge Financial Solutions , Inc. (NYSE:BR), recently executed a sale of company stock. According to a filing with the Securities and Exchange Commission, Laura sold 514 shares of Broadridge Financial common stock on February 4, 2025, at a price of $241.60 per share. This transaction amounted to a total value of approximately $124,180. The sale occurred as Broadridge's stock trades near its 52-week high of $242.03, with a market capitalization of $28.2 billion. InvestingPro analysis shows the stock maintains notably low price volatility, making it an interesting case study for stability-focused investors.
Following this sale, Laura retains ownership of 6,601.696 shares in the company. Additionally, she acquired 1,580 stock options, which are set to vest equally over four years starting February 4, 2026. These options have a conversion price of $240.59 per share and will expire on February 4, 2035. InvestingPro data reveals Broadridge maintains a GOOD financial health score, with 13 additional key insights available to subscribers, including detailed valuation metrics and growth indicators.
In other recent news, Broadridge Financial Solutions has been the focus of analysts' attention following its fiscal second-quarter earnings release. The company reported adjusted earnings per share of $1.56, surpassing analyst estimates of $1.44. Revenue also increased by 13% to $1.59 billion, slightly exceeding the consensus forecast of $1.57 billion. Broadridge's recurring revenues, a key performance metric, grew by 9% to $980 million.
Following these results, DA Davidson analyst Peter Heckman revised Broadridge's stock price target to $220, maintaining a Neutral rating. The company's performance also led Raymond (NSE:RYMD) James to raise their price target from $238.00 to $256.00, while keeping an Outperform rating. Both firms highlighted Broadridge's solid performance and its ability to exceed expectations.
Broadridge management confirmed their financial guidance for fiscal 2025, expecting a 6%-8% increase in recurring revenue and an 8%-12% year-over-year rise in adjusted earnings per share. These recent developments highlight Broadridge's stability and potential for continued growth.
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