November 29, 2016 - By Clifton Ray · 0 Comments
Broadridge Financial Solutions Inc (NYSE:BR) institutional sentiment decreased to 1.05 in 2016 Q2. Its down -0.01, from 1.06 in 2016Q1. The ratio has worsened, as 204 institutional investors increased or opened new equity positions, while 193 sold and decreased positions in Broadridge Financial Solutions Inc. The institutional investors in our partner’s database reported: 100.97 million shares, down from 101.51 million shares in 2016Q1. Also, the number of institutional investors holding Broadridge Financial Solutions Inc in their top 10 equity positions was flat from 7 to 7 for the same number . Sold All: 35 Reduced: 158 Increased: 141 New Position: 63.
Broadridge Financial Solutions, Inc
The stock increased 0.12% or $0.08 during the last trading session, hitting $65.94. Broadridge Financial Solutions, Inc. (NYSE:BR) has risen 9.21% since April 26, 2016 and is uptrending. It has outperformed by 3.95% the S&P500.
Analysts await Broadridge Financial Solutions, Inc. (NYSE:BR) to report earnings on February, 2. They expect $0.38 earnings per share, 0.00% or $0.00 from last year’s $0.38 per share. BR’s profit will be $45.24M for 43.38 P/E if the $0.38 EPS becomes a reality. After $0.36 actual earnings per share reported by Broadridge Financial Solutions, Inc. for the previous quarter, Wall Street now forecasts 5.56% EPS growth.
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.”
Ensemble Capital Management Llc holds 8.07% of its portfolio in Broadridge Financial Solutions, Inc. for 426,875 shares. Clarkston Capital Partners Llc owns 1.18 million shares or 4% of their US portfolio. Moreover, Hilton Capital Management Llc has 3.8% invested in the company for 184,510 shares. The Tennessee-based Southernsun Asset Management Llc has invested 3.76% in the stock. Garrison Financial Corp, a Arkansas-based fund reported 55,304 shares.#img1#
Ratings analysis reveals 17% of Broadridge Financial Solutions’s analysts are positive. Out of 6 Wall Street analysts rating Broadridge Financial Solutions, 1 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $59 while the high is $69. The stock’s average target of $64.33 is -2.44% below today’s ($65.94) share price. BR was included in 10 notes of analysts from August 14, 2015. 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 “Neutral” rating given on Friday, August 14 by JP Morgan. The stock has “Market Perform” rating given by Avondale on Wednesday, June 15. The rating was initiated by Atlantic Securities with “Overweight” on Tuesday, September 13. On Friday, August 14 the stock rating was upgraded by Zacks to “Sell”. Sandler O’Neill downgraded the shares of BR in a report on Thursday, September 29 to “Hold” rating. On Friday, January 8 the stock rating was upgraded by Avondale to “Market Outperform”. The stock has “Overweight” rating given by Barclays Capital on Monday, November 2. The firm has “Overweight” rating given on Wednesday, September 16 by Barclays Capital. The firm earned “Market Perform” rating on Tuesday, June 7 by Raymond James.
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.
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. Newsday.com‘s article titled: “Broadridge Financial Solutions profit rises to $170 million” and published on August 09, 2016 is yet another important article.
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By Clifton Ray