Broadridge Financial Solutions IN (NYSE:BR) on Focus After Report of More Shorts

September 17, 2017 - By Michael Collier

 Broadridge Financial Solutions IN (NYSE:BR) on Focus After Report of More Shorts

Investors sentiment increased to 1.07 in Q4 2016. Its up 0.02, from 1.05 in 2016Q3. It is positive, as 51 investors sold Broadridge Financial Solutions, Inc. shares while 145 reduced holdings. 36 funds opened positions while 174 raised stakes. 97.47 million shares or 0.74% less from 98.20 million shares in 2016Q3 were reported.
Moreover, Alley Ltd Company has 1.37% invested in Broadridge Financial Solutions, Inc. (NYSE:BR). Boston Private Wealth Ltd Llc stated it has 172,355 shares or 0.47% of all its holdings. Meiji Yasuda Asset Management Ltd has 21,950 shares for 0.16% of their portfolio. 100 are held by Fred Alger Incorporated. Goldman Sachs Gp owns 1.57M shares for 0.03% of their portfolio. Scotia Cap has invested 0.02% in Broadridge Financial Solutions, Inc. (NYSE:BR). Commonwealth Bankshares Of Aus holds 0% of its portfolio in Broadridge Financial Solutions, Inc. (NYSE:BR) for 800 shares. Natl Bank Of Montreal Can invested in 0% or 26,923 shares. C M Bidwell Assocs invested in 0% or 130 shares. Arizona State Retirement Systems owns 88,838 shares. Community Bancshares Na has invested 0% in Broadridge Financial Solutions, Inc. (NYSE:BR). Texas-based Kanaly Company has invested 0% in Broadridge Financial Solutions, Inc. (NYSE:BR). Fdx Advsrs Incorporated reported 24,907 shares stake. Qci Asset Management New York holds 0% or 75 shares. Burney Co holds 0.08% or 17,442 shares.

The stock of Broadridge Financial Solutions IN (NYSE:BR) registered an increase of 1.34% in short interest. BR’s total short interest was 1.69M shares in September as published by FINRA. Its up 1.34% from 1.66M shares, reported previously. With 480,800 shares average volume, it will take short sellers 4 days to cover their BR’s short positions.

The stock decreased 0.18% or $0.14 on September 15, reaching $79.16. About 820,749 shares traded or 63.95% up from the average. Broadridge Financial Solutions, Inc. (NYSE:BR) has risen 17.08% since September 17, 2016 and is uptrending. It has outperformed by 0.38% the S&P500.

Broadridge Financial Solutions, Inc

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

Among 7 analysts covering Broadridge Financial Solutions (NYSE:BR), 1 have Buy rating, 0 Sell and 6 Hold. Therefore 14% are positive. Broadridge Financial Solutions had 12 analyst reports since August 14, 2015 according to SRatingsIntel. On Friday, January 8 the stock rating was upgraded by Avondale to “Market Outperform”. Barclays Capital maintained the stock with “Equal-Weight” rating in Wednesday, August 10 report. The stock of Broadridge Financial Solutions, Inc. (NYSE:BR) earned “Market Perform” rating by Avondale on Wednesday, June 15. JP Morgan maintained it with “Neutral” rating and $59 target in Friday, August 14 report. The firm earned “Sell” rating on Friday, August 14 by Zacks. The firm has “Overweight” rating by Barclays Capital given on Wednesday, September 16. The stock of Broadridge Financial Solutions, Inc. (NYSE:BR) earned “Overweight” rating by Atlantic Securities on Tuesday, September 13. On Friday, August 11 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The company was maintained on Monday, November 2 by Barclays Capital. The firm has “Hold” rating by Sandler O’Neill given on Thursday, September 29.

More recent Broadridge Financial Solutions, Inc. (NYSE:BR) news were published by: Seekingalpha.com which released: “Donnelley Financial Solutions: An Undervalued FinTech Spin-Off” on August 25, 2017. Also Nasdaq.com published the news titled: “Broadridge Financial Solutions, Inc. (BR) Ex-Dividend Date Scheduled for …” on September 13, 2017. Nasdaq.com‘s news article titled: “Broadridge Financial Solutions Reaches Analyst Target Price” with publication date: September 01, 2017 was also an interesting one.

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