RBC Capital Mkts’s latest rating for BR stock


Broadridge Financial Solutions Inc.’s recently made public that its President PERRY CHRISTOPHER JOHN unloaded Company’s shares for reported $2.39 million on Aug 30. In the deal valued at $186.45 per share,12,834 shares were sold. As a result of this transaction, PERRY CHRISTOPHER JOHN now holds 77,352 shares worth roughly $ 14.52 million.

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Then, Gumbs Keir D sold 2,688 shares, generating $501,079 in total proceeds. Upon selling the shares at $186.41, the CVP and Chief Legal Officer now owns 14,023 shares.

Before that, DALY RICHARD J sold 8,297 shares. Broadridge Financial Solutions Inc. shares valued at $1,538,268 were divested by the Executive Chairman at a price of $185.40 per share. As a result of the transaction, DALY RICHARD J now holds 111,721 shares, worth roughly $20.97 million.

RBC Capital Mkts initiated its Broadridge Financial Solutions Inc. [BR] rating to an Outperform in a research note published on Friday, April 24, 2023; the price target was $169. PT values the company’s stock at a premium of -11.09 to its Friday closing price.

Price Performance Review of BR

On Friday, Broadridge Financial Solutions Inc. [NYSE:BR] saw its stock jump 0.82% to $187.74. On the same session, the stock had its day’s lowest price of $186.505, but rose to a high of $187.84. Over the last five days, the stock has gained 2.20%. Broadridge Financial Solutions Inc. shares have risen nearly 39.97% since the year began. Nevertheless, the stocks have risen 9.68% over the past one year. While a 52-week high of $187.55 was reached on 09/01/23, a 52-week low of $131.35 was recorded on 01/05/23. SMA at 50 days reached $172.19, while 200 days put it at $152.12. A total of 0.29 million shares were traded, compared to the trading of 0.64 million shares in the previous session.

Levels Of Support And Resistance For BR Stock

The 24-hour chart illustrates a support level at 186.88, which if violated will result in even more drops to 186.03. On the upside, there is a resistance level at 188.22. A further resistance level may holdings at 188.70. The Relative Strength Index (RSI) on the 14-day chart is 75.06, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.26, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.95%. Stochastics %K at 93.15% 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 Aug 14, 2023, growing by 50000.0 shares to a total of 2.15 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.1 million shares. There was a rise of 2.33%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.07% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.63.

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 13,345,798 shares, or roughly 11.31% of the outstanding BR shares. In other words, the investor’s shares have fallen by -376,292 from its previous 13-F filing of 13722090.0. Additionally, BlackRock Fund Advisors decreased -15.27% of its stake after which the total value it holdings stand at $1,101,365,115, while SSgA Funds Management, Inc. added 0.25% of its stake to hold $782.54 million in the firm. Over the last quarter, Morgan Stanley Investment Managem sold -73,620 shares of Broadridge Financial Solutions Inc., while T. Rowe Price Associates, Inc. sold 496,719 shares. At present, Capital Research & Management Co is holding 3,712,221 shares valued at $623.36 million. APG Asset Management NV owned 3,634,603 shares of the company at the time of its most recent 13F filing, worth $610.32 million.


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