Is Buying Broadridge Financial Solutions IN (NYSE:BR), Having Lower Short Interest a Winning Strategy?

June 19, 2017 - By Nellie Frank

 Is Buying Broadridge Financial Solutions IN (NYSE:BR), Having Lower Short Interest a Winning Strategy?

Investors sentiment increased to 1.07 in Q4 2016. Its up 0.02, from 1.05 in 2016Q3. It improved, 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.
Janus Cap Limited Liability Corporation reported 0.43% stake. Cue Finance Gp holds 1.89% or 35,216 shares. Ifrah Inc, a Arkansas-based fund reported 10,529 shares. Sei has invested 0.08% of its portfolio in Broadridge Financial Solutions, Inc. (NYSE:BR). Hanseatic Services has 12,080 shares for 0.45% of their portfolio. Tci Wealth has 0% invested in Broadridge Financial Solutions, Inc. (NYSE:BR). Moreover, Stifel Finance has 0.02% invested in Broadridge Financial Solutions, Inc. (NYSE:BR) for 55,215 shares. Susquehanna Grp Inc Llp owns 20,476 shares. Ameriprise Fincl has invested 0.01% in Broadridge Financial Solutions, Inc. (NYSE:BR). Catalyst Cap Advsrs Ltd Llc reported 1,450 shares stake. Jpmorgan Chase & reported 0.01% in Broadridge Financial Solutions, Inc. (NYSE:BR). Denver Invest Limited Liability Corporation, Colorado-based fund reported 31,020 shares. Confluence Inv Mngmt Ltd Co reported 933,846 shares. Loring Wolcott & Coolidge Fiduciary Advisors Llp Ma reported 10,243 shares stake. Fjarde Ap invested in 0.05% or 32,578 shares.

The stock of Broadridge Financial Solutions IN (NYSE:BR) registered a decrease of 3.71% in short interest. BR’s total short interest was 1.86M shares in June as published by FINRA. Its down 3.71% from 1.93 million shares, reported previously. With 529,500 shares average volume, it will take short sellers 4 days to cover their BR’s short positions.

About 15,691 shares traded. Broadridge Financial Solutions, Inc. (NYSE:BR) has risen 17.08% since June 19, 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 6 analysts covering Broadridge Financial Solutions (NYSE:BR), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. Broadridge Financial Solutions had 10 analyst reports since August 14, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Friday, August 14 by JP Morgan. The stock of Broadridge Financial Solutions, Inc. (NYSE:BR) earned “Overweight” rating by Atlantic Securities on Tuesday, September 13. Sandler O’Neill downgraded the shares of BR in report on Thursday, September 29 to “Hold” rating. The stock of Broadridge Financial Solutions, Inc. (NYSE:BR) has “Market Perform” rating given on Wednesday, June 15 by Avondale. As per Friday, January 8, the company rating was upgraded by Avondale. Barclays Capital maintained the shares of BR in report on Wednesday, August 10 with “Equal-Weight” rating. The firm has “Overweight” rating given on Monday, November 2 by Barclays Capital. The stock of Broadridge Financial Solutions, Inc. (NYSE:BR) earned “Sell” rating by Zacks on Friday, August 14. The rating was downgraded by Raymond James on Tuesday, June 7 to “Market Perform”. The stock of Broadridge Financial Solutions, Inc. (NYSE:BR) has “Overweight” rating given on Wednesday, September 16 by Barclays Capital.

More notable recent Broadridge Financial Solutions, Inc. (NYSE:BR) news were published by: Globenewswire.com which released: “Broadridge to Participate in the RBC Capital Markets Financial Technology …” on June 09, 2017, also Seekingalpha.com with their article: “Broadridge Financial Solutions (BR) Q3 2017 Results – Earnings Call Transcript” published on May 10, 2017, Prnewswire.com published: “Broadridge Forms Strategic Alliance with Spence Johnson” on June 12, 2017. More interesting news about Broadridge Financial Solutions, Inc. (NYSE:BR) were released by: Seekingalpha.com and their article: “Broadridge Financial – Solid Steady Growth Continues” published on May 14, 2017 as well as Nasdaq.com‘s news article titled: “Ex-Dividend Reminder: BancorpSouth, Broadridge Financial Solutions and Synovus …” with publication date: June 09, 2017.

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