What’s in Broadridge Financial Solutions, Inc. (BR) After Achieving 52-Week High?

April 17, 2018 - By Kurt Siggers

Broadridge Financial Solutions, Inc. (NYSE:BR) Logo

Investors sentiment increased to 1.14 in 2017 Q4. Its up 0.13, from 1.01 in 2017Q3. It improved, as 20 investors sold Broadridge Financial Solutions, Inc. shares while 168 reduced holdings. 73 funds opened positions while 141 raised stakes. 95.28 million shares or 0.24% less from 95.51 million shares in 2017Q3 were reported.
D E Shaw holds 0% or 2,780 shares. Pictet Asset Mngmt Ltd invested 0.01% of its portfolio in Broadridge Financial Solutions, Inc. (NYSE:BR). Alta Management Ltd Liability Company invested 2.59% in Broadridge Financial Solutions, Inc. (NYSE:BR). First Manhattan holds 0% of its portfolio in Broadridge Financial Solutions, Inc. (NYSE:BR) for 3,533 shares. Northern Trust holds 0.04% in Broadridge Financial Solutions, Inc. (NYSE:BR) or 1.71 million shares. Prudential Public Limited Liability Company reported 0% stake. Advisor Partners Limited Liability Company has invested 0.06% in Broadridge Financial Solutions, Inc. (NYSE:BR). Parametrica Mgmt Limited invested 0.16% of its portfolio in Broadridge Financial Solutions, Inc. (NYSE:BR). Commerzbank Aktiengesellschaft Fi reported 17,286 shares or 0.02% of all its holdings. Twin Tree Mgmt Lp holds 9,832 shares. Schwartz Investment Counsel Incorporated reported 215,900 shares. Intll Gru Incorporated owns 244,295 shares. 11,519 were accumulated by Wellington Mgmt Group Inc Llp. Barclays Public Limited Com invested in 389,245 shares. Acadian Asset Mngmt Ltd Com invested 0.01% in Broadridge Financial Solutions, Inc. (NYSE:BR).

The stock of Broadridge Financial Solutions, Inc. (NYSE:BR) hit a new 52-week high and has $114.03 target or 3.00 % above today’s $110.71 share price. The 5 months bullish chart indicates low risk for the $12.92B company. The 1-year high was reported on Apr, 17 by Barchart.com. If the $114.03 price target is reached, the company will be worth $387.45 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.91% or $1 during the last trading session, reaching $110.71. About 75,599 shares traded. Broadridge Financial Solutions, Inc. (NYSE:BR) has risen 58.90% since April 17, 2017 and is uptrending. It has outperformed by 47.35% the S&P500.

Analysts await Broadridge Financial Solutions, Inc. (NYSE:BR) to report earnings on May, 9. They expect $0.79 EPS, up 14.49 % or $0.10 from last year’s $0.69 per share. BR’s profit will be $92.16 million for 35.03 P/E if the $0.79 EPS becomes a reality. After $0.79 actual EPS reported by Broadridge Financial Solutions, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Broadridge Financial Solutions, Inc. (NYSE:BR) Ratings Coverage

Among 4 analysts covering Broadridge Financial Soln (NYSE:BR), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. Broadridge Financial Soln has $101.0 highest and $85 lowest target. $97.67’s average target is -11.78% below currents $110.71 stock price. Broadridge Financial Soln had 7 analyst reports since November 9, 2017 according to SRatingsIntel. Sandler O’Neill maintained the shares of BR in report on Thursday, February 8 with “Hold” rating. Barclays Capital maintained Broadridge Financial Solutions, Inc. (NYSE:BR) on Friday, February 9 with “Equal-Weight” rating. The company was maintained on Thursday, November 9 by Barclays Capital. The rating was maintained by Sandler O’Neill on Thursday, February 15 with “Hold”. The stock of Broadridge Financial Solutions, Inc. (NYSE:BR) has “Neutral” rating given on Wednesday, March 28 by DA Davidson.

Broadridge Financial Solutions, Inc

Broadridge Financial Solutions, Inc. (NYSE:BR) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.