What Technical Indicators Show About Broadridge Financial Solutions Inc. (BR)?

Broadridge Financial Solutions Inc. (NYSE:BR) finished Friday with an addition of $1.75 to close at $184.07, an upside of 0.96 percent. An average of 517,460 shares of common stock have been traded in the last five days. There was a gain of $4.13 in the past week, and it reached a new high 37 times over the past 12 months. The last 20 days have seen an average of 546,720 shares traded, while the 50-day average volume stands at 481,492.

BR stock has increased by 9.52% in the last month. The company shares reached their 1-month lowest point of $161.09 on 10/05/21. With the stock rallying to its 52-week high on 10/22/21, shares of the company touched a low of $134.68 and a high of $183.24 in 52 weeks. It has reached a new high 32 times so far this year and achieved 20.15% or $30.87 in price. In spite of this, the price is up 0.45% from the 52-week high.

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Insider Transactions

4 days have passed since Broadridge Financial Solutions Inc. (BR) last reported insider trading activity. PERRY CHRISTOPHER JOHN, who is President, most recently acquired $10,104 shares at $180.14 per share on Oct 19. In this transaction, the insider spent $1,820,106. President, PERRY CHRISTOPHER JOHN, disposed of 902 shares at a price of $180.01 on Oct 15. The insider now owns more than $162,367 worth of shares. Prior to that, Executive Chairman DALY RICHARD J went on to Sale 73,300 shares at $168.43 each on Oct 07. An amount of $12,346,080 was transacted.

Valuation Metrics

Broadridge Financial Solutions Inc. (BR) has a trailing price-to-earnings (P/E) ratio of 39.65, which compares with the 29.20 for the broader industry and 38.99 for the sector. In the last five years, Broadridge Financial Solutions Inc.’s PE ratio has ranged between 39.67 and 23.60. The stock’s beta is 0.87. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.24, the price-to-book (PB) ratio at 11.80, and the price-to-cash flow ratio at 64.88.

Broadridge Financial Solutions Inc. pays a $2.56 dividend per share annually. It offers a dividend yield of 1.39%. The company has a payout ratio of 48.70%. The company’s most recent quarterly dividend payment took place on Oct. 5, and it was $0.64 a share, representing a up of 11.3% from $0.5750 last year. Its dividend has been increased for the last 14 consecutive years with the latest increase dividend $0.0650 reported on Thursday August 12 2021.Dividends have grown by 60.43% each year over the last three years.

The quick ratio of Broadridge Financial Solutions Inc. for the three months ended June 29 was 1.00, and the current ratio was 1.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.15 and a total debt to equity ratio of 2.15 for the quarter ending June 29. Broadridge Financial Solutions Inc.’s EBITDA margin for the year ending June 29 is 22.70%, while its operating margin for the same period stands at 13.60%. Its gross profit as reported stood at $1.42 billion compared to revenue of $4.99 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Broadridge Financial Solutions Inc.’s return on assets was 9.60%. For the broader industry, ROE averaged 3.34 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Broadridge Financial Solutions Inc. had $3.89 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $260.4 million in the quarter, while revenues were grew 11.79%. The analyst consensus anticipated Broadridge Financial Solutions Inc.’s latest quarter earnings to come in at $2.19 per share, but it turned out to be $2.19, a 0.00% surprise. For the quarter, EBITDA amounted to $388.5 million. Shareholders own equity worth $116.17 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Broadridge Financial Solutions Inc. (BR) price momentum. RSI 9-day as of the close on 22 October was 79.63%, suggesting the stock is Overbought, with historical volatility in this time frame at 14.60%.

As of today, BR’s price is $181.33 +2.30% or $4.13 from its 5-day moving average. BR is currently trading +8.91% higher than its 20-day SMA and +16.13% higher than its 100-day SMA. However, the stock’s current price level is +6.46% above the SMA50 and +18.28% above the SMA200.

The stochastic %K and %D were 94.60% and 94.60%, respectively, and the average true range (ATR) was 2.90. With the 14-day stochastic at 96.72% and the average true range at 2.85, the RSI (14) stands at 73.38%. The stock has reached 3.90 on the 9-day MACD Oscillator while the 14-day reading was at 7.88.

Analyst Ratings

The consensus rating for Broadridge Financial Solutions Inc. (BR) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BR, while 5 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 2 others rate it as a “buy”.

What is BR’s price target for the next 12 months?

Analysts predict a range of price targets between $158.00 and $204.00, with a median target of $187.00. Taking a look at these predictions, the average price target given by analysts for Broadridge Financial Solutions Inc. (BR) stock is $185.14.


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