Broadridge Financial Solutions, Inc. (BR) Surges to All Time High, Is Now Top Performer

April 17, 2018 - By Ann Prendergast

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.
Colony Grp Ltd Liability has 89,349 shares. Bartlett And Ltd holds 0% or 226 shares. Spears Abacus Advisors Limited Liability Corporation owns 6,460 shares. Choate Advisors has 0.01% invested in Broadridge Financial Solutions, Inc. (NYSE:BR). Prudential Public Limited Co reported 0% in Broadridge Financial Solutions, Inc. (NYSE:BR). Catalyst Capital Advsr Lc owns 36,548 shares for 0.12% of their portfolio. Reliance Trust Com Of Delaware owns 2,795 shares or 0.04% of their US portfolio. Oakbrook Limited Liability Corp has 8,570 shares. Martingale Asset Mngmt Lp invested in 413,255 shares. Cipher Limited Partnership stated it has 0.12% of its portfolio in Broadridge Financial Solutions, Inc. (NYSE:BR). Northwestern Mutual Wealth Co stated it has 467 shares. Bb&T Ltd Liability Corporation reported 0.04% in Broadridge Financial Solutions, Inc. (NYSE:BR). Diamond Hill Capital Management reported 0.2% stake. Raymond James Services Advisors Inc holds 9,358 shares or 0.01% of its portfolio. Moreover, Morgan Stanley has 0.01% invested in Broadridge Financial Solutions, Inc. (NYSE:BR) for 542,326 shares.

The stock of Broadridge Financial Solutions, Inc. (NYSE:BR) reached all time high today, Apr, 17 and still has $114.69 target or 3.00 % above today’s $111.35 share price. This indicates more upside for the $12.99 billion company. This technical setup was reported by Barchart.com. If the $114.69 PT is reached, the company will be worth $389.67 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 1.49% or $1.635 during the last trading session, reaching $111.345. About 339,071 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 earnings per share, up 14.49 % or $0.10 from last year’s $0.69 per share. BR’s profit will be $92.16 million for 35.24 P/E if the $0.79 EPS becomes a reality. After $0.79 actual earnings per share 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 had 7 analyst reports since November 9, 2017 according to SRatingsIntel. Barclays Capital maintained Broadridge Financial Solutions, Inc. (NYSE:BR) on Friday, February 9 with “Equal-Weight” rating. Barclays Capital maintained Broadridge Financial Solutions, Inc. (NYSE:BR) on Thursday, November 9 with “Equal-Weight” rating. The firm has “Hold” rating given on Thursday, February 8 by Sandler O’Neill. The firm has “Neutral” rating by DA Davidson given on Wednesday, March 28. On Thursday, February 15 the stock rating was maintained by Sandler O’Neill with “Hold”.

Broadridge Financial Solutions, Inc

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

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