Broadridge Financial Stock Hits New 52-Week High (BR)

NEW YORK ( TheStreet) -- Broadridge Financial Solutions (NYSE: BR) hit a new 52-week high Friday as it is currently trading at $24.85, above its previous 52-week high of $24.84 with 326,512 shares traded as of 3:40 p.m. ET. Average volume has been 654,400 shares over the past 30 days.

Broadridge Financial has a market cap of $2.97 billion and is part of the technology sector and computer software & services industry. Shares are up 9.6% year to date as of the close of trading on Thursday.

Broadridge Financial Solutions, Inc., together with its subsidiaries, provides technology solutions to the financial services industry in the United States, Canada, and the United Kingdom. It operates in two segments, Investor Communication Solutions and Securities Processing Solutions. The company has a P/E ratio of 18.3, above the average computer software & services industry P/E ratio of 17.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Broadridge Financial as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Broadridge Financial Ratings Report.

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