Broadridge Financial Solutions, Inc (NYSE: BR) is 10.49% higher on its value in year-to-date trading and has touched a low of $188.30 and a high of $237.96 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BR stock was last observed hovering at around $224.49 in the last trading session, with the day’s gains setting it 2.85%.
Currently trading at $227.34, the stock is -2.01% and 0.94% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.11 million and changing 1.27% at the moment leaves the stock 8.39% off its SMA200. BR registered 13.86% gain for a year compared to 6-month gain of 13.43%. The firm has a 50-day simple moving average (SMA 50) of $225.099 and a 200-day simple moving average (SMA200) of $209.61665.
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The stock witnessed a -1.26% loss in the last 1 month and extending the period to 3 months gives it a 9.10%, and is -1.02% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.94% over the week and 1.61% over the month.
Broadridge Financial Solutions, Inc (BR) has around 14600 employees, a market worth around $26.57B and $6.50B in sales. Current P/E ratio is 39.34 and Fwd P/E is 24.28. Profit margin for the company is 10.57%. Distance from 52-week low is 20.73% and -4.46% from its 52-week high. The company has generated returns on investments over the last 12 months (11.51%).
with sales reaching $1.57B over the same period.The EPS is expected to grow by 10.53% this year, but quarterly earnings will post 6.33% year-over-year. Quarterly sales are estimated to grow 11.68% in year-over-year returns.
Broadridge Financial Solutions, Inc (BR) Top Institutional Holders
1377.0 institutions hold shares in Broadridge Financial Solutions, Inc (BR), with institutional investors hold 93.59% of the company’s shares. The shares outstanding are 116.90M, and float is at 116.04M with Short Float at 0.79%. Institutions hold 92.95% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 14.29 million shares valued at $2.81 billion. The investor’s holdings represent 12.1266% of the BR Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 10.13 million shares valued at $1.99 billion to account for 8.5964 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 5.72 million shares representing 4.8527% and valued at over $1.13 billion, while STATE STREET CORP holds 4.3551 of the shares totaling 5.13 million with a market value of $1.01 billion.
Broadridge Financial Solutions, Inc (BR) Insider Activity
The most recent transaction is an insider sale by Carey Thomas P, the company’s Corporate VP. SEC filings show that Carey Thomas P sold 15,710 shares of the company’s common stock on Dec 03 ’24 at a price of $230.32 per share for a total of $3.62 million. Following the sale, the insider now owns 12146.0 shares.
Still, SEC filings show that on Nov 12 ’24, LAURA MATLIN (Officer) Proposed Sale 6,810 shares at an average price of $227.65 for $1.55 million. The insider now directly holds shares of Broadridge Financial Solutions, Inc (BR).
