On August 21, 2024, President Christopher Perry sold 6,501 shares of Broadridge Financial Solutions Inc (NYSE:BR) 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-based solutions to banks, broker-dealers, mutual funds and corporate issuers worldwide. The company’s services include executing securities transactions, managing investor communications and providing various solutions to the financial services industry.
Over the past year, Christopher Perry has sold a total of 104,675 shares and made no purchases. This recent sale is part of a broader trend observed over the past year, when there were 25 insider sales and no insider purchases at Broadridge Financial Solutions Inc.
On the day of the sale, the stock was trading at $210.22, giving the company a market capitalization of approximately $24.64 billion. Broadridge Financial Solutions Inc.’s price-to-earnings ratio is 36.03, which is higher than both the industry median of 25.29 and the company’s historical median.
According to GF Value, the intrinsic value of the stock is estimated at $192.68, so the current price to GF Value ratio is 1.09. This suggests that the stock is fairly valued.
This insider sale may be of interest to investors who track insider behavior as an indicator of the company’s future performance and valuation adjustments.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
