Is Buying 52-Week Stock Like Broadridge Financial Solutions, Inc. (BR) a Winning Strategy?

January 20, 2018 - By Marie Mckinney

Investors sentiment decreased to 1.01 in 2017 Q3. Its down 0.01, from 1.02 in 2017Q2. It fall, as 23 investors sold Broadridge Financial Solutions, Inc. shares while 162 reduced holdings. 46 funds opened positions while 140 raised stakes. 95.51 million shares or 0.01% more from 95.50 million shares in 2017Q2 were reported.
Hilltop Hldg Incorporated holds 0.51% or 20,743 shares. Boyar Asset holds 0.72% or 11,940 shares. Anchor Advsr Limited Co holds 630,050 shares. First Manhattan holds 0% of its portfolio in Broadridge Financial Solutions, Inc. (NYSE:BR) for 3,533 shares. Ajo Lp stated it has 47,416 shares. First Interstate Fincl Bank holds 0% of its portfolio in Broadridge Financial Solutions, Inc. (NYSE:BR) for 74 shares. Moreover, Logan Capital has 0.37% invested in Broadridge Financial Solutions, Inc. (NYSE:BR) for 63,350 shares. Georgia-based Vident Invest Advisory Limited Liability Com has invested 0.02% in Broadridge Financial Solutions, Inc. (NYSE:BR). Whittier Tru stated it has 0% of its portfolio in Broadridge Financial Solutions, Inc. (NYSE:BR). Profund Advsr Ltd Liability accumulated 13,815 shares. Da Davidson Com, Montana-based fund reported 27,368 shares. Great Lakes Limited Liability reported 0.01% stake. Gotham Asset Management Ltd Llc holds 0.16% or 134,668 shares. Raymond James And holds 628,676 shares or 0.1% of its portfolio. 39,180 were reported by Liberty Mutual Gru Asset Mngmt Incorporated.

The stock of Broadridge Financial Solutions, Inc. (NYSE:BR) hit a new 52-week high and has $102.65 target or 7.00 % above today’s $95.93 share price. The 7 months bullish chart indicates low risk for the $11.18 billion company. The 1-year high was reported on Jan, 20 by Barchart.com. If the $102.65 price target is reached, the company will be worth $782.67 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 0.84% or $0.8 during the last trading session, reaching $95.93. About 289,335 shares traded. Broadridge Financial Solutions, Inc. (NYSE:BR) has risen 17.08% since January 20, 2017 and is uptrending. It has outperformed by 0.38% the S&P500.

Analysts await Broadridge Financial Solutions, Inc. (NYSE:BR) to report earnings on February, 14. They expect $0.58 EPS, up 48.72 % or $0.19 from last year’s $0.39 per share. BR’s profit will be $67.60 million for 41.35 P/E if the $0.58 EPS becomes a reality. After $0.54 actual EPS reported by Broadridge Financial Solutions, Inc. for the previous quarter, Wall Street now forecasts 7.41 % EPS growth.

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 15 analyst reports since August 14, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating given on Thursday, November 9 by Barclays Capital. The company was downgraded on Thursday, September 29 by Sandler O’Neill. As per Wednesday, August 10, the company rating was maintained by Barclays Capital. As per Wednesday, June 15, the company rating was downgraded by Avondale. JP Morgan maintained it with “Neutral” rating and $59 target in Friday, August 14 report. The stock has “Market Outperform” rating by Avondale on Friday, January 8. The rating was initiated by Barclays Capital on Wednesday, September 16 with “Overweight”. The company was maintained on Monday, November 2 by Barclays Capital. The firm earned “Overweight” rating on Tuesday, September 13 by Atlantic Securities. The stock of Broadridge Financial Solutions, Inc. (NYSE:BR) has “Sell” rating given on Friday, August 14 by Zacks.

More important recent Broadridge Financial Solutions, Inc. (NYSE:BR) news were published by: Newsday.com which released: “Broadridge Financial creates international division” on January 16, 2018, also Zacks.com published article titled: “Broadridge Closes Morningstar’s Board Consulting Unit Buyout”, Newsday.com published: “Broadridge Financial Solutions buys Morningstar unit” on January 02, 2018. More interesting news about Broadridge Financial Solutions, Inc. (NYSE:BR) was released by: Prnewswire.com and their article: “Broadridge Named One of FORTUNE Magazine’s 2018 ‘World’s Most Admired Companies'” with publication date: January 19, 2018.

Broadridge Financial Solutions, Inc

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