Is Broadridge Financial Solutions, Inc. (BR) A Good Stock To Buy?

Now, some big names have jumped into Broadridge Financial Solutions, Inc. (NYSE:BR) headfirst. LMR Partners, managed by Ben Levine, Andrew Manuel and Stefan Renold, created the largest position in Broadridge Financial Solutions, Inc. (NYSE:BR). LMR Partners had $4.7 million invested in the company at the end of the quarter. Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital also made an $3.8 million investment in the stock during the quarter. The other funds with new positions in the stock are Neil Chriss’ Hutchin Hill Capital, Paul Tudor Jones’ Tudor Investment Corp, and Simon Sadler’s Segantii Capital.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Broadridge Financial Solutions, Inc. (NYSE:BR) but similarly valued. We will take a look at Iron Mountain Incorporated (NYSE:IRM), Western Gas Partners, LP (NYSE:WES), Israel Chemicals Ltd. (NYSE:ICL), and Msci Inc (NYSE:MSCI). This group of stocks’ market valuations are closest to BR’s market valuation.

As you can see these stocks had an average of 12.75 hedge funds with bullish positions and the average amount invested in these stocks was $408 million. That figure was $304 million in BR’s case. Msci Inc (NYSE:MSCI) is the most popular stock in this table. On the other hand Israel Chemicals Ltd. (NYSE:ICL) is the least popular one with only 5 bullish hedge fund positions. Broadridge Financial Solutions, Inc. (NYSE:BR) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard MSCI might be a better candidate to consider a long position.