Monitoring Broadridge Financial Solutions Inc. (BR) after recent insider movements


Broadridge Financial Solutions Inc.’s filing revealed that its Director PERNA THOMAS J unloaded Company’s shares for reported $6.26 million on Nov 22. In the deal valued at $147.57 per share,42,417 shares were sold. As a result of this transaction, PERNA THOMAS J now holds 29,704 shares worth roughly $ 4.46 million.

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Then, DALY RICHARD J sold 1,985 shares, generating $350,035 in total proceeds. Upon selling the shares at $176.34, the Executive Chairman now owns 0 shares.

Before that, DALY RICHARD J sold 72,983 shares. Broadridge Financial Solutions Inc. shares valued at $12,797,449 were divested by the Executive Chairman at a price of $175.35 per share. As a result of the transaction, DALY RICHARD J now holds 143,170 shares, worth roughly $21.51 million.

Morgan Stanley initiated its Broadridge Financial Solutions Inc. [BR] rating to an Equal-weight in a research note published on Tuesday, December 14, 2022; the price target was $160. PT values the company’s stock at a premium of 6.09 to its Tuesday closing price. BTIG Research also remained covering BR and has increased its forecast on February 03, 2021 with a “Buy” recommendation from previously “Neutral” rating. Truist started covering the stock on December 18, 2020. It rated BR as “a Buy”.

Price Performance Review of BR

On Tuesday, Broadridge Financial Solutions Inc. [NYSE:BR] saw its stock jump 0.08% to $150.26. On the same session, the stock had its day’s lowest price of $148.80, but rose to a high of $151.825. Over the last five days, the stock has gained 3.53%. Broadridge Financial Solutions Inc. shares have risen nearly 12.03% since the year began. Nevertheless, the stocks have fallen -4.05% over the past one year. While a 52-week high of $183.33 was reached on 01/24/23, a 52-week low of $131.35 was recorded on 01/05/23. SMA at 50 days reached $141.67, while 200 days put it at $149.16. A total of 0.58 million shares were traded, compared to the trading of 0.46 million shares in the previous session.

Levels Of Support And Resistance For BR Stock

The 24-hour chart illustrates a support level at 148.76, which if violated will result in even more drops to 147.27. On the upside, there is a resistance level at 151.79. A further resistance level may holdings at 153.32. The Relative Strength Index (RSI) on the 14-day chart is 65.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.37, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.18%. Stochastics %K at 94.50% indicates the stock is a selling.

How much short interest is there in Broadridge Financial Solutions Inc.?

A steep rise in short interest was recorded in Broadridge Financial Solutions Inc. stocks on Oct 13, 2022, growing by 60000.0 shares to a total of 1.78 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 1.72 million shares. There was a rise of 3.37%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.27% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.79.

Broadridge Financial Solutions Inc. [BR] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 13,560,559 shares, or roughly 11.53% of the outstanding BR shares. In other words, the investor’s shares have risen by 129,519 from its previous 13-F filing of 13431040.0. Additionally, BlackRock Fund Advisors increased 1.49% of its stake after which the total value it holdings stand at $948,733,815, while SSgA Funds Management, Inc. added 0.42% of its stake to hold $624.32 million in the firm. Over the last quarter, Morgan Stanley Investment Managem sold -33,506 shares of Broadridge Financial Solutions Inc., while APG Asset Management NV sold -186,164 shares. At present, Baillie Gifford & Co. is holding 3,618,585 shares valued at $485.36 million. T. Rowe Price Associates, Inc. owned 3,365,719 shares of the company at the time of its most recent 13F filing, worth $451.44 million.

According to FactSet, Broadridge Financial Solutions Inc.’s share price will average $162.07 in the next year, based on opinions of analysts polled by the firm. This is up nearly 7.23 percent from its previous closing price of $150.14. Analysts expect Broadridge Financial Solutions Inc. stock to reach the higher price of $180.00, while the lowest price estimate is $135.00. However, 8 analysts have rated BR stock as a Hold in their predictions for 2023.


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