Broadridge Financial Solutions, Inc. (BR): Richard J Daly , President and CEO of Broadridge Financial Solutions, Inc. sold 125,652 shares on Sep 21, 2016. The Insider selling transaction was reported by the company on Sep 23, 2016 to the Securities and Exchange Commission. The shares were sold at $69.68 per share for a total value of $8,742,998.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 21, 2016, Richard J Daly (President and CEO) sold 103,823 shares at $68.80 per share price.On Sep 1, 2016, Robert Schifellite (Corporate Senior VP) sold 9,000 shares at $69.30 per share price.Also, On Aug 31, 2016, Lyell Dampeer (Corporate Vice President) sold 1,376 shares at $69.04 per share price.On Aug 18, 2016, Timothy C Gokey (Senior Vice President and COO) sold 31,318 shares at $66.62 per share price.
Broadridge Financial Solutions: On Thursday, Sep 22, 2016 heightened volatility was witnessed in Broadridge Financial Solutions which led to swings in the share price. The shares opened for trading at $69.89 and hit $70.05 on the upside , eventually ending the session at $69.84, with a gain of 0.46% or 0.32 points. The heightened volatility saw the trading volume jump to 4,53,479 shares. The 52-week high of the share price is $71.74 and the company has a market cap of $8,261 M . The 52-week low of the share price is at $48.56.
Company has been under the radar of several Street Analysts.Broadridge Financial Solutions is Downgraded by Barclays to Equal Weight and the brokerage firm has set the Price Target at $67. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Jul 7, 2016.
Broadridge Financial Solutions Inc. (Broadridge) is a provider of investor communications and technology-driven solutions to banks broker-dealers mutual funds and corporate issuers. The Company delivers a range of solutions that help its clients serve their retail and institutional customers across the entire investment lifecycle including pre-trade trade and post-trade processing. It serves a diverse client base across its five businesses: Bank/Broker-Dealer Investor Communication Solutions Corporate Issuer Solutions Advisor Solutions Mutual Fund and Retirement Solutions and Global Technology and Operations. Its businesses operate in two business segments: Investor Communication Solutions and Global Technology and Operations. Its services include investor communications securities processing and data and analytics solutions. It provides an infrastructure that helps the financial services industry operate. It provides financial services firms with integrated systems.