On August 23, 2024, Timothy Gokey, CEO of Broadridge Financial Solutions Inc (NYSE:BR), sold 25,000 shares of the company’s stock. According to the SEC filing, the transaction was performed at an average price of $209.31 per share, for a total value of approximately $5,232,750. After this transaction, the insider now owns 206,349.0271 shares of the company’s stock.

Broadridge Financial Solutions Inc (NYSE:BR) is a leading global fintech company that provides investor communications and technology-based solutions to broker-dealers, banks, mutual funds and corporate issuers worldwide. The company’s services include securities transaction processing and investor communications management.

Over the past year, Timothy Gokey has sold a total of 109,341 shares and has not purchased any shares of the company. This recent sale is part of a broader trend seen within the company. Over the past year, there have been 24 insider sales and no insider purchases.

Broadridge Financial Solutions Inc. shares were trading at $209.31 on the day of the sale, giving the company a market capitalization of approximately $24.40 billion. The company’s price-to-earnings ratio is 35.67, which is higher than both the industry median of 25.24 and the company’s historical median.

The stock’s valuation metrics show a GF Value of $192.68, which means the stock is fairly valued at a Price to GF Value ratio of 1.09. The GF Value is calculated by taking into account historical trading multiples, an adjustment factor based on past earnings and growth, and estimates of future business performance.

This insider sale could be of interest to investors who follow insider behavior as an indicator of the company’s future performance and for adjustments to the stock valuation.

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.

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