Yahoo Finance This Insider Has Just Sold Shares In Broadridge Financial Solutions, Inc. (NYSE:BR)
We wouldn't blame Broadridge Financial Solutions, Inc. (NYSE:BR) shareholders if they were a little worried about the fact that Richard Daly, the Executive Chairman recently netted about US$4.0m selling shares at an average price of US$127. That sale reduced their total holding by 12% which is hardly insignificant, but far from the worst we've seen.
Check out our latest analysis for Broadridge Financial Solutions
Broadridge Financial Solutions Insider Transactions Over The Last Year
Notably, that recent sale by Executive Chairman Richard Daly was not the only time they sold Broadridge Financial Solutions shares this year. They previously made an even bigger sale of -US$4.0m worth of shares at a price of US$127 per share. So what is clear is that an insider saw fit to sell at around the current price of US$127. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.
We note that in the last year insiders divested 126052 shares for a total of US$16m. Insiders in Broadridge Financial Solutions didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).
Does Broadridge Financial Solutions Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Broadridge Financial Solutions insiders own 0.6% of the company, worth about US$83m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Do The Broadridge Financial Solutions Insider Transactions Indicate?
Insiders sold stock recently, but they haven't been buying. And even if we look to the last year, we didn't see any purchases. On the plus side, Broadridge Financial Solutions makes money, and is growing profits. Insiders own shares, but we're still pretty cautious, given the history of sales. So we'd only buy after careful consideration. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Broadridge Financial Solutions.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.