On August 16, 2024, Timothy Gokey, CEO of Broadridge Financial Solutions Inc (NYSE:BR), sold 25,000 shares of the company. The transaction was documented in a recent SEC filing. After this sale, the insider now owns 200,675.0271 shares of Broadridge Financial Solutions Inc.

Broadridge Financial Solutions Inc. provides investor communications and technology-based solutions to broker-dealers, banks, mutual funds and corporate issuers worldwide. The company’s services include executing securities transactions, managing investor communications and providing data and analytics to the financial industry.

Over the past year, Timothy Gokey has sold a total of 84,341 shares and purchased no shares of the company. This recent sale is part of a broader trend observed over the past year, when there were 24 insider sales and no insider purchases at Broadridge Financial Solutions Inc.

Broadridge Financial Solutions Inc.’s stock price on the day of sale was $209.11. The company has a market capitalization of around $24.36 billion. Its price-to-earnings ratio is 35.62, which is higher than both the industry median of 25.32 and the company’s historical median.

Broadridge Financial Solutions Inc’s GF Value is $192.87, resulting in a Price to GF Value ratio of 1.08. This rating suggests that the stock is fairly valued.

This insider sale could be of interest to investors who follow insider behavior as an indicator of confidence in the company’s current valuation and future prospects.

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This article first appeared on GuruFocus.