What Happened?
Shares of financial technology provider Broadridge (NYSE: BR) jumped 6.2% in the afternoon session after the company reported strong fourth-quarter financial results that surpassed Wall Street's expectations and announced a dividend increase. The fintech firm posted adjusted earnings of $3.55 per share on revenue of $2.07 billion, which both topped analyst estimates. Strong demand for its investor communication services and global technology businesses fueled this performance. Broadridge also rewarded its shareholders, declaring an 11% increase in its annual dividend. This marked the nineteenth consecutive year the company raised its payout. To complete the positive news, the company issued an optimistic outlook for fiscal year 2026.
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What Is The Market Telling Us
Broadridge’s shares are not very volatile and have only had 3 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.
Broadridge is up 16.9% since the beginning of the year, and at $265.15 per share, has set a new 52-week high. Investors who bought $1,000 worth of Broadridge’s shares 5 years ago would now be looking at an investment worth $1,964.
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