Shares of Broadridge Financial Solutions (BR) Sees Large Outflow of Money

Broadridge Financial Solutions (BR) : The total money flow in Broadridge Financial Solutions (BR) was negative ($9.19 million), showing the domination of sellers in the Wednesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $13.14 million. Transactions on upticks were comparatively lower at $3.95 million. The uptick to downtick ratio was 0.3. The total block trades on downticks were valued at $9.34 million. The money flow during block trades was negative ($9.34 million) when the stock traded with a gain of $55 cent. Broadridge Financial Solutions (BR) was $67.58, an increase of 0.82% over the previous days close.


Also, Major Brokerage house, Barclays downgrades its ratings on Broadridge Financial Solutions (NYSE:BR). In the latest research report, Barclays maintains the target price to $67 per share. According to the latest information available, the shares are now rated Equal-weight by the analysts at the agency. Previously, the analysts had a Overweight rating on the shares. The rating by the firm was issued on July 7, 2016.

Broadridge Financial Solutions (NYSE:BR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $67.50 and $67.33 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $68.11. The buying momentum continued till the end and the stock did not give up its gains. It closed at $67.58, notching a gain of 0.82% for the day. The total traded volume was 432,818 . The stock had closed at $67.03 on the previous day.

The stock has recorded a 20-day Moving Average of 3.42% and the 50-Day Moving Average is 5.55%. In a related news,The officer (Corporate Senior VP) of Broadridge Financial Solutions, Inc., Schifellite Robert sold 016 shares at $56.25 on February 29, 2016. The Insider selling transaction had a total value worth of $900. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Broadridge Financial Solutions, Inc. (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company delivers a range of solutions that help its clients serve their retail and institutional customers across the entire investment lifecycle, including pre-trade, trade and post-trade processing. It serves a diverse client base across its five businesses: Bank/Broker-Dealer Investor Communication Solutions, Corporate Issuer Solutions, Advisor Solutions, Mutual Fund and Retirement Solutions, and Global Technology and Operations. Its businesses operate in two business segments: Investor Communication Solutions and Global Technology and Operations. Its services include investor communications, securities processing, and data and analytics solutions. It provides an infrastructure that helps the financial services industry operate. It provides financial services firms with integrated systems.

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