Headlines about Broadridge Financial Solutions (NYSE:BR) have been trending somewhat positive on Friday, Accern Sentiment reports. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Broadridge Financial Solutions earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news articles about the business services provider an impact score of 46.5417812364998 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
Broadridge Financial Solutions (NYSE BR) opened at 85.08 on Friday. The stock has a 50 day moving average of $81.35 and a 200-day moving average of $75.92. Broadridge Financial Solutions has a 52-week low of $59.86 and a 52-week high of $85.29. The firm has a market cap of $9.91 billion, a price-to-earnings ratio of 31.51 and a beta of 0.99.
Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Thursday, August 10th. The business services provider reported $1.71 EPS for the quarter, hitting the consensus estimate of $1.71. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Broadridge Financial Solutions had a net margin of 7.89% and a return on equity of 37.99%. The business’s revenue for the quarter was up 38.1% on a year-over-year basis. During the same period last year, the company posted $1.45 earnings per share. On average, analysts expect that Broadridge Financial Solutions will post $3.72 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Friday, September 15th were given a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a dividend yield of 1.72%. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Thursday, September 14th. Broadridge Financial Solutions’s dividend payout ratio is 53.48%.
A number of equities analysts have recently weighed in on the stock. BidaskClub raised shares of Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. DA Davidson assumed coverage on shares of Broadridge Financial Solutions in a research report on Monday, August 7th. They issued a “neutral” rating and a $74.00 price objective for the company. Finally, Barclays PLC boosted their price objective on shares of Broadridge Financial Solutions from $72.00 to $74.00 and gave the company an “equal weight” rating in a research report on Friday, August 11th.
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In other news, insider Richard J. Daly sold 94,039 shares of the stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $81.95, for a total value of $7,706,496.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stuart R. Levine sold 7,868 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $76.58, for a total transaction of $602,531.44. Following the completion of the sale, the director now directly owns 39,747 shares of the company’s stock, valued at $3,043,825.26. The disclosure for this sale can be found here. Insiders sold 119,720 shares of company stock valued at $9,679,916 over the last three months. 2.60% of the stock is owned by insiders.
Broadridge Financial Solutions Company Profile
Broadridge Financial Solutions, Inc (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company’s segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment.
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