Press coverage about Broadridge Financial Solutions (NYSE:BR) has been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Broadridge Financial Solutions earned a news impact score of 0.15 on Accern’s scale. Accern also gave media coverage about the business services provider an impact score of 46.7768733082627 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
Shares of BR stock traded up $2.68 during trading hours on Monday, reaching $109.71. The company had a trading volume of 924,363 shares, compared to its average volume of 710,209. Broadridge Financial Solutions has a one year low of $67.09 and a one year high of $110.05. The firm has a market capitalization of $12,485.50, a PE ratio of 35.05, a P/E/G ratio of 2.65 and a beta of 0.84. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.14.
Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.21. Broadridge Financial Solutions had a net margin of 8.74% and a return on equity of 44.02%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $945.80 million. During the same period in the previous year, the business posted $0.39 earnings per share. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. analysts anticipate that Broadridge Financial Solutions will post 4.04 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 3rd. Stockholders of record on Thursday, March 15th were paid a $0.365 dividend. The ex-dividend date was Wednesday, March 14th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 1.33%. Broadridge Financial Solutions’s dividend payout ratio is presently 46.65%.
A number of analysts have weighed in on BR shares. Zacks Investment Research upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a research note on Wednesday, January 31st. Sandler O’Neill set a $95.00 price objective on shares of Broadridge Financial Solutions and gave the company a “hold” rating in a research note on Thursday, February 8th. DA Davidson raised their price objective on shares of Broadridge Financial Solutions from $90.00 to $92.00 and gave the company a “neutral” rating in a research note on Wednesday, March 28th. ValuEngine upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Barclays raised their price objective on shares of Broadridge Financial Solutions from $96.00 to $100.00 and gave the company an “equal weight” rating in a research note on Friday, February 9th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $100.25.
In related news, CEO Richard J. Daly sold 26,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of $107.44, for a total value of $2,793,440.00. Following the transaction, the chief executive officer now owns 337,845 shares of the company’s stock, valued at $36,298,066.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Adam D. Amsterdam sold 19,600 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $99.36, for a total transaction of $1,947,456.00. The disclosure for this sale can be found here. Insiders sold 163,743 shares of company stock valued at $15,985,048 over the last quarter. Company insiders own 2.60% of the company’s stock.
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Broadridge Financial Solutions Company Profile
Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry worldwide. The company's Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services; and offers ProxyEdge, an electronic proxy delivery and voting solution.
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