On August 21, 2024, President Christopher Perry sold 6,501 shares of Broadridge Financial Solutions Inc (BR, Financial) at a price of $210.22 per share. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 67,770.521 shares of the company.
Broadridge Financial Solutions Inc provides investor communications and technology-driven solutions to banks, broker-dealers, mutual funds, and corporate issuers globally. The company's services include processing securities transactions, managing investor communications, and providing various solutions for the financial services industry.
Over the past year, Christopher Perry has sold a total of 104,675 shares and has not made any purchases. This recent sale is part of a broader trend observed over the past year, where there have been 25 insider sells and no insider buys at Broadridge Financial Solutions Inc.
The stock was trading at $210.22 on the day of the sale, giving the company a market cap of approximately $24.64 billion. The price-earnings ratio of Broadridge Financial Solutions Inc stands at 36.03, which is above both the industry median of 25.29 and the company's historical median.
According to the GF Value, the intrinsic value of the stock is estimated at $192.68, making the current price-to-GF-Value ratio 1.09. This suggests that the stock is Fairly Valued.
This insider sale could be of interest to investors tracking insider behaviors as an indicator of the company's future performance and valuation adjustments.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
