Price Change to Note: What’s in Broadridge Financial Solutions, Inc. After Today’s Huge Increase?

Price Change to Note: What's in Broadridge Financial Solutions, Inc. After Today's Huge Increase?

The stock of Broadridge Financial Solutions, Inc. (NYSE:BR) is a huge mover today! About 473,855 shares traded hands. Broadridge Financial Solutions, Inc. (NYSE:BR) has risen 2.16% since April 14, 2016 and is uptrending. It has underperformed by 2.53% the S&P500.
The move comes after 8 months positive chart setup for the $7.50 billion company. It was reported on Nov, 16 by Barchart.com. We have $85.65 PT which if reached, will make NYSE:BR worth $2.78B more.

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

Out of 6 analysts covering Broadridge Financial Solutions (NYSE:BR), 1 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 17% are positive. Broadridge Financial Solutions has been the topic of 10 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The stock of Broadridge Financial Solutions, Inc. (NYSE:BR) earned “Equal-Weight” rating by Barclays Capital on Wednesday, August 10. The stock of Broadridge Financial Solutions, Inc. (NYSE:BR) has “Overweight” rating given on Wednesday, September 16 by Barclays Capital. Avondale downgraded Broadridge Financial Solutions, Inc. (NYSE:BR) on Wednesday, June 15 to “Market Perform” rating. Sandler O’Neill downgraded the stock to “Hold” rating in Thursday, September 29 report. The stock of Broadridge Financial Solutions, Inc. (NYSE:BR) earned “Overweight” rating by Barclays Capital on Monday, November 2. The firm earned “Market Perform” rating on Tuesday, June 7 by Raymond James. The stock of Broadridge Financial Solutions, Inc. (NYSE:BR) earned “Market Outperform” rating by Avondale on Friday, January 8. Atlantic Securities initiated Broadridge Financial Solutions, Inc. (NYSE:BR) on Tuesday, September 13 with “Overweight” rating. As per Friday, August 14, the company rating was maintained by JP Morgan. The stock of Broadridge Financial Solutions, Inc. (NYSE:BR) has “Sell” rating given on Friday, August 14 by Zacks.

According to Zacks Investment Research, “Broadridge is a leading global provider of technology-based outsourcing solutions to the financial services industry. Their integrated systems and services include investor communication, securities processing, and clearing and outsourcing solutions. Broadridge offers a broad, integrated suite of innovative global solutions across the investment lifecycle and provides a wide range of cost-effective and scalable solutions to the financial industry. Their systems help reduce the need for clients to make significant capital investments in operations infrastructure, thereby allowing them to increase their focus on core business activities.”

Insitutional Activity: The institutional sentiment decreased to 1.06 in Q2 2016. Its down 0.01, from 1.07 in 2016Q1. The ratio dropped, as 35 funds sold all Broadridge Financial Solutions, Inc. shares owned while 158 reduced positions. 63 funds bought stakes while 141 increased positions. They now own 100.97 million shares or 0.53% less from 101.51 million shares in 2016Q1.
The Minnesota-based Advantus Cap Management Inc has invested 0.03% in Broadridge Financial Solutions, Inc. (NYSE:BR). Huntington Bancorporation last reported 6,371 shares in the company. Credit Suisse Ag reported 218,334 shares or 0.02% of all its holdings. The Switzerland-based Gam Ag has invested 0.02% in Broadridge Financial Solutions, Inc. (NYSE:BR). Laurion Capital Mgmt L P last reported 0% of its portfolio in the stock. Lpl Financial Lc has 0% invested in the company for 3,626 shares. Comerica Savings Bank, a Michigan-based fund reported 87,917 shares. The Pennsylvania-based Commonwealth Of Pennsylvania Pub School Empls Retrmt has invested 0.03% in Broadridge Financial Solutions, Inc. (NYSE:BR). Zacks Inv Mngmt holds 0.01% or 4,046 shares in its portfolio. Fulton Bankshares Na holds 0.06% of its portfolio in Broadridge Financial Solutions, Inc. (NYSE:BR) for 9,152 shares. Signaturefd Ltd last reported 157 shares in the company. Dimensional Fund Advsr Ltd Partnership holds 546,788 shares or 0.02% of its portfolio. Southernsun Asset Lc accumulated 3.76% or 2.20M shares. Goldman Sachs Grp accumulated 1.53 million shares or 0.03% of the stock. Picton Mahoney Asset Mngmt owns 31,700 shares or 0.13% of their US portfolio.

More news for Broadridge Financial Solutions, Inc. (NYSE:BR) were recently published by: Prnewswire.com, which released: “Broadridge Financial Solutions Announces Leadership Changes to its Mutual Fund …” on October 24, 2016. Finance.Yahoo.com‘s article titled: “Broadridge Financial Solutions Inc (BR) President and CEO Richard J Daly Sold …” and published on September 27, 2016 is yet another important article.

BR Company Profile

Broadridge Financial Solutions, Inc. (Broadridge), incorporated on December 6, 2006, is a well-known provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company’s divisions include Investor Communication Solutions, and Global Technology and Operations. The Company’s services include investor and customer communications, securities processing, and data and analytics solutions. The Firm delivers a range of solutions that helps its clients serve their retail and institutional clients across the entire investment lifecycle, including pre-trade, trade, and post-trade processing functionality. The Firm serves a client base across four client groups: capital markets, asset management, wealth management and firms.

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