Broadridge Financial Solutions (BR) has risen sharply, recording gains of 2.67% in the past 4 weeks. However, the stock has corrected -0.41% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.62% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.68% and the 50-Day Moving Average is 3.91%. Broadridge Financial Solutions (NYSE:BR): On Fridays trading session , Opening price of the stock was $68.99 with an intraday high of $69.28. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $68.37. However, the stock managed to close at $68.48, a loss of 0.93% for the day. On the previous day, the stock had closed at $69.12. The total traded volume of the day was 632,037 shares.
The company Insiders own 3.5% of Broadridge Financial Solutions shares according to the proxy statements. Institutional Investors own 86.19% of Broadridge Financial Solutions shares. Also, Barclays maintains its rating on Broadridge Financial Solutions (NYSE:BR). The global brokerage major raises the current price target from $67 per share to $69 per share. Analysts at the Barclays have a current rating of Equal-weight on the shares. The rating by the firm was issued on August 10, 2016.
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.