Thursday, October 12, 2017 10:15 PM ET
Insider Selling at Broadridge Financial Solutions (BR) Continues with Significant Sale
An insider disposed of 94,039 shares of Broadridge Financial Solutions having a market value of approximately $7,706,026 today, as disclosed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 17,813 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 111,852 shares and have averaged 55,926 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Broadridge Financial Solutions is greater than the 19-company peer group average. Professional Information Services peer group saw 25 buy/sell trades during this period for an average of 1.3 transactions per company. The number of shares per buy/sell trade for Broadridge Financial Solutions insiders was also higher. Within the peer group there were 49,500 shares purchased and 532,167 shares sold with company insiders selling 19,307 shares on average.
To bring into focus significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated in data used to evaluate and write this story.
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