BR Stock Summary and Trading Ideas (Broadridge Financial Soln | NYSE:BR)

Broadridge Financial Solutions, which was spun off from ADP in 2007, is a leading provider of investor communications and technology-driven solutions to banks, broker/dealers, asset managers, wealth managers, and corporate issuers. Broadridge is composed of two segments: investor communication solutions, or ICS, and global technology and operations, or GTO.

Broadridge Financial Soln trades on the NYSE stock market under the symbol BR.

As of April 24, 2024, BR stock price declined to $194.29 with 53,728 million shares trading.

BR has a beta of 0.93, meaning it tends to be less sensitive to market movements. BR has a correlation of 0.33 to the broad based SPY ETF.

BR has a market cap of $22.85 billion. This is considered a Large Cap stock.

Last quarter Broadridge Financial Soln reported $1 billion in Revenue and $.92 earnings per share. This beat revenue expectation by $5 million and exceeded earnings estimates by $.03.

In the last 3 years, BR stock traded as high as $210.24 and as low as $131.35.

The top ETF exchange traded funds that BR belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

BR has outperformed the market in the last year with a return of +37.4%, while the SPY ETF gained +24.0%. However, in the most recent history, BR shares have underperformed the stock market with its stock returning -5.4% in the last 3 month period and -6.2% for the last 2 week period, while SPY has returned +4.4% and -2.9%, respectively.

BR support price is $193.63 and resistance is $198.19 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BR stock will trade within this expected range on the day.