As of Friday close, Broadridge Financial Solutions Inc.’s (NYSE:BR) stock was up $0.42, moving up 0.24 percent to $179.00. The average number of shares traded per day over the past five days has been 637,080 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.90 fall in that time frame. In the last twenty days, the average volume was 497,715, while in the previous 50 days, it was 459,232.
Since last month, BR stock rose 5.80%. Shares of the company fell to $164.99 on 08/03/23, the lowest level in the past month. A 52-week high of $184.10 was reached on 08/14/23 after having rallying from a 52-week low of $131.35. Since the beginning of this year, BR’s stock price has risen by 33.45% or $44.87, and marked a new high 31 times. However, the stock has declined by -2.77% since its 52-week high.
BR stock investors should be aware that Broadridge Financial Solutions Inc. (BR) stock had its last reported insider trading activity 5 days ago on Aug 14. DESCHUTTER DOUGLAS RICHARD, the Corporate Vice President of the company, disposed of 22,874 shares for $182.95 on Aug 14. It resulted in a $4,184,750 divestment by the insider. BRUN LESLIE A sold 2,000 shares at an average price of $181.20 on Aug 11. The insider now owns 72,430 shares following the transaction. On Aug 10, Corporate SVP SCHIFELLITE ROBERT sold 26,109 shares at $179.27 apiece. The transaction was valued at $4,680,461.
Valuation Metrics
Right now, Broadridge Financial Solutions Inc. (BR) has a P/E ratio of about 33.83. The stock’s beta is 0.97. Besides these, the trailing price-to-sales (P/S) ratio of 3.44, the price-to-book (PB) ratio of 9.43, and the price-to-cash flow ratio of 27.87 may also be considered.
The latest dividend of $0.80 per share was paid out, which is 10.34% more than last year’s $0.7250.
Financial Health
In the three months ended June 29, Broadridge Financial Solutions Inc.’s quick ratio stood at 0.60, while its current ratio was 0.60, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.00, and the total debt-to-equity ratio was 1.52. On the profitability front, the trailing twelve-month gross margin is 29.50% percent. In the year ended June 29, operating margins totaled 15.40%. Based on annual data, BR earned $1.79 billion in gross profit and brought in $6.06 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 13.70%. Return on equity (ROE) for the past 12 months was 31.80%.
In Broadridge Financial Solutions Inc.’s quarter-end financial report for June 29, it reported total debt of $2.23 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. BR’s revenue rose 6.31% to $1.65 billion during the quarter, while net income inched up to $1.84 billion. While analysts expected Broadridge Financial Solutions Inc. to report $3.11 quarterly earnings, the actual figure was $3.21 per share, beating the consensus estimate by 3.20%. The liabilities of Broadridge Financial Solutions Inc. were 5.99 billion at the end of its most recent quarter ended June 29, and its total debt was $3.65 billion.
Technical Picture
This quick technical analysis looks at Broadridge Financial Solutions Inc.’s (BR) price momentum. With a historical volatility rate of 32.52%, the RSI 9-day stood at 63.26% on 18 August.
With respect to its five-day moving average, the current Broadridge Financial Solutions Inc. price is down by -1.59% percent or -$2.90. At present, BR shares trade +5.40% above its 20-day simple moving average and +27.01% percent above its 100-day simple moving average. However, the stock is currently trading approximately +16.28% above its SMA50 and +19.29% above its SMA200.
Stochastic coefficient K was 76.68% and Stochastic coefficient D was 81.30%, while ATR was 2.96. Given the Stochastic reading of 73.32% for the 14-day period, the RSI (14) reading has been calculated as 65.47%. As of today, the MACD Oscillator reading stands at -0.28, while the 14-day reading stands at 4.50.
Analyst Ratings
RBC Capital Mkts launched its rating on Broadridge Financial Solutions Inc. (NYSE: BR) to an Outperform in a note to investors on April 24, 2023. Broadridge Financial Solutions Inc. (BR) has been rated Overweight by analysts. According to 1 brokerage firm, BR is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Broadridge Financial Solutions Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $178.00, the current consensus forecast for the stock is $150.00 – $203.00. Based on these forecasts, analysts predict Broadridge Financial Solutions Inc. (BR) will achieve an average price target of $178.00.
