Broadridge corporate VP Carey sells $399,559 of stock

Thomas P. Carey, a Corporate Vice President at Broadridge Financial Solutions (BR), sold 2,501 shares of the company's common stock on October 1, 2026. The transaction amounted to $399,559, with each share sold for $159.76. According to a regulatory filing, the sale was to cover tax liabilities arising from the vesting of 5,275 performance-based Restricted Stock Units (RSUs).

These RSUs converted into an equivalent number of common stock shares on the same day. After this transaction, Mr. Carey now holds 8,800 shares of Broadridge Financial Solutions common stock. The company's stock, which trades at $165.45, has a P/E ratio of 17.23. Analysis from InvestingPro suggests the company is undervalued at current levels, boasting a strong dividend yield of 2.64%.

For a more detailed examination, the Pro Research Report is available for BR and 1,400+ other US equities. Meanwhile, Broadridge Financial Solutions announced its fiscal fourth-quarter results, which surpassed market expectations. The company reported adjusted earnings of $3.82 per share, exceeding expectations of $3.75 per share, and revenue of $2.22 billion, surpassing the forecasted $2.17 billion.

The firm highlighted robust recurring revenue growth, record closed sales, and substantial cash generation throughout fiscal 2026. Additionally, UBS upgraded its price target for Broadridge Financial Solutions to $180 from $165, maintaining a Neutral rating. UBS pointed to the company's positive outlook for fiscal year 2027 and beyond, driven by a strong sales pipeline that increased by 33% year-over-year.

These developments underscore Broadridge's positive trajectory in financial performance and market outlook.