Broadridge corporate VP Carey sells $399,559 of stock

Thomas P. Carey, Corporate Vice President at Broadridge Financial Solutions, Inc. (BR), sold 2,501 shares of the company’s common stock on October 1, 2026. The transaction totaled $399,559, with shares sold at a price of $159.76 each.

According to a regulatory filing, the sale was conducted to cover tax liabilities. These liabilities arose from the vesting of 5,275 performance-based Restricted Stock Units (RSUs), which converted into an equal number of common stock shares on the same date.

Following this transaction, Mr. Carey directly holds 8,800 shares of Broadridge Financial Solutions common stock. The stock currently trades at $165.45, giving the $18.68 billion company a P/E ratio of 17.23. According to InvestingPro analysis, Broadridge appears undervalued at current levels, with the company maintaining a strong dividend yield of 2.64%. Investors seeking deeper insights can access the comprehensive Pro Research Report, available for BR and 1,400+ other US equities.

In other recent news, Broadridge Financial Solutions reported fiscal fourth-quarter results that exceeded Wall Street expectations. The company posted adjusted earnings of $3.82 per share, surpassing the anticipated $3.75 per share, and revenue reached $2.22 billion, above the forecasted $2.17 billion. Broadridge noted strong recurring revenue growth, record closed sales, and significant cash generation throughout fiscal 2026. In addition, UBS raised its price target for Broadridge Financial Solutions to $180 from $165, maintaining a Neutral rating. UBS highlighted the company’s healthy outlook for fiscal year 2027 and beyond, supported by a robust sales pipeline that increased 33% year-over-year. These developments reflect Broadridge’s positive trajectory in its financial performance and market outlook.