On August 4, Broadridge Financial Solutions rose 8.49% in regular trading, trading at $170.63/share, with turnover of $150 million. The rally was driven by a dual catalyst of a newly authorized $1.5 billion stock repurchase program and fiscal Q4 results that exceeded Wall Street expectations on both top and bottom lines.

Broadridge approved the new buyback plan on August 3, authorizing repurchase of up to $1.5 billion in outstanding common shares, aimed at optimizing its capital structure and signaling management confidence in the company's outlook. On the earnings front, fiscal Q4 adjusted EPS came in at $3.82, beating the consensus estimate of $3.76 by 1.6% and representing a 7.6% year-over-year increase from $3.55. Revenue reached $2.22 billion versus the FactSet estimate of $2.17 billion. Net income rose to $398 million, or $3.44 per share. The Investor Communication Solutions segment, the company's largest business unit, posted revenue of $1.73 billion with notable year-over-year growth, serving as the primary performance driver.

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