Are You Interested In Investing In Broadridge Financial Solutions Inc. (BR)? Check This Out First

As of Wednesday close, Broadridge Financial Solutions Inc.’s (NYSE:BR) stock was up $0.07, moving up 0.04 percent to $173.13. The average number of shares traded per day over the past five days has been 518,180 shares. 3 times new highs have been achieved over the past 5 days, with a -$1.52 fall in that time frame. In the last twenty days, the average volume was 541,725, while in the previous 50 days, it was 534,830.

Since last month, BR stock retreated -6.03%. Shares of the company fell to $166.51 on 11/03/21, the lowest level in the past month. A 52-week high of $185.00 was reached on 10/27/21 after having rallying from a 52-week low of $137.91. Since the beginning of this year, BR’s stock price has risen by 13.01% or $19.93, and marked a new high 34 times. However, the stock has declined by -6.42% since its 52-week high.


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Insider Transactions

Broadridge Financial Solutions Inc. (BR) last reported insider trading activity 15 days ago on Nov 10. Tae Michael S, the Corporate VP, CTO, ICS of the company, disposed of 34,556 shares for $178.53 on Nov 10. It resulted in a $6,169,110 divestment by the insider. PERRY CHRISTOPHER JOHN sold 10,104 shares at an average price of $180.14 on Oct 19. The insider now owns 64,589 shares following the transaction. On Oct 15, President PERRY CHRISTOPHER JOHN sold 902 shares at $180.01 apiece. The transaction was valued at $162,367.

Valuation Metrics

Right now, Broadridge Financial Solutions Inc. (BR) has a P/E ratio of about 37.24. This is lower than the industry average, which comes in at 38.11 right now. Further, its PE also compares favorably with the overall sector’s trailing 12 months PE ratio, which currently stands at 38.25. Within the last five years, Broadridge Financial Solutions Inc.’s PE ratio varied between 39.62 and 23.60. The stock’s beta is 0.87. Besides these, the trailing price-to-sales (P/S) ratio of 3.88, the price-to-book (PB) ratio of 11.47, and the price-to-cash flow ratio of 83.83 may also be considered.

Dividends from Broadridge Financial Solutions Inc. are $2.56 per share each year. BR has a payout ratio of 50.00% and a dividend yield of 1.48%. The latest dividend of $0.64 per share was paid out, remained unchanged from last year’s $0.64. On Thursday August 12 2021, a $0.0650 dividend increase was announced, making it the 15 consecutive year of dividend increases. There has been a 60.43% increase in dividends during the last three years.

In the three months ended September 29, Broadridge Financial Solutions Inc.’s quick ratio stood at 1.30, while its current ratio was 1.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 2.38. On the profitability front, the trailing twelve-month gross margin is 28.50% percent. In the year ended September 29, EBITDA margin amounted to 22.70%, whereas operating margins totaled 13.60%. Based on annual data, BR earned $1.42 billion in gross profit and brought in $4.99 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.30%. Return on equity (ROE) for the past 12 months was 33.30%. In the past year, the industry average ROE stood at 3.34.

Earnings Surprise

In Broadridge Financial Solutions Inc.’s quarter-end financial report for September 29, it reported total debt of $4.17 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. BR’s revenue rose 14.71% to $1.53 billion during the quarter, while net income inched up to $1.19 billion. While analysts expected Broadridge Financial Solutions Inc. to report $0.99 quarterly earnings, the actual figure was $1.07 per share, beating the consensus estimate by 8.10%. During the quarter, the company generated $223.3 million in EBITDA. The liabilities of Broadridge Financial Solutions Inc. were 6.27 billion at the end of its most recent quarter ended September 29, and its total debt was $4.47 billion. The value of shareholders’ equity is $116.58 million.

Technical Picture

This quick technical analysis looks at Broadridge Financial Solutions Inc.’s (BR) price momentum. With a historical volatility rate of 10.04%, the RSI 9-day stood at 40.56% on 24 November.

With respect to its five-day moving average, the current Broadridge Financial Solutions Inc. price is down by -0.87% percent or -$1.52. At present, BR shares trade -4.51% below its 20-day simple moving average and +5.14% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.05% above its SMA50 and +19.91% above its SMA200.

Stochastic coefficient K was 35.01% and Stochastic coefficient D was 45.40%, while ATR was 2.78. Given the Stochastic reading of 19.15% for the 14-day period, the RSI (14) reading has been calculated as 44.78%. As of today, the MACD Oscillator reading stands at -1.34, while the 14-day reading stands at -1.92.

Analyst Ratings

Broadridge Financial Solutions Inc. (BR) has been rated Hold by analysts. According to 0 brokerage firms, BR is a sell, and 5 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Broadridge Financial Solutions Inc. stock as buy, with 2 recommending it as overweight.

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

With a median target price of $192.00, the current consensus forecast for the stock is $160.00 – $204.00. Based on these forecasts, analysts predict Broadridge Financial Solutions Inc. (BR) will achieve an average price target of $188.29.

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