News stories about Broadridge Financial Solutions (NYSE:BR) have trended positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring 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 media sentiment score of 0.29 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 45.4739841770751 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.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Robert Schifellite Sells 49,181 Shares of Broadridge Financial Solutions, Inc. (BR) Stock (americanbankingnews.com)
- Ensemble Capital Management Has Boosted Broadridge Finl Solutions In (BR) Position; 12 Analysts Are Bullish Agios … – Hill Country Times (hillcountrytimes.com)
- Fountain House Gallery Makes Magic at “Mad About Art” – HuffPost (huffingtonpost.com)
- Broadridge Financial Solutions, Inc. :BR-US: Earnings Analysis: Q1, 2018 By the Numbers : December 11, 2017 (finance.yahoo.com)
- Barclays Reiterates Hold Rating for Broadridge Financial Solutions (BR) (americanbankingnews.com)
Broadridge Financial Solutions (NYSE BR) traded down $0.42 during midday trading on Tuesday, reaching $89.38. The company’s stock had a trading volume of 465,595 shares, compared to its average volume of 465,970. Broadridge Financial Solutions has a one year low of $64.83 and a one year high of $91.75. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $10,434.95, a price-to-earnings ratio of 26.89, a P/E/G ratio of 2.41 and a beta of 0.99.
Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.12. The company had revenue of $925.00 million for the quarter, compared to the consensus estimate of $923.68 million. Broadridge Financial Solutions had a return on equity of 40.17% and a net margin of 8.22%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same period last year, the business posted $0.36 earnings per share. analysts forecast that Broadridge Financial Solutions will post 3.72 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 15th will be given a $0.365 dividend. This represents a $1.46 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Thursday, December 14th. Broadridge Financial Solutions’s dividend payout ratio is currently 50.87%.
Several analysts recently issued reports on the company. DA Davidson reiterated a “hold” rating and set a $86.00 price objective on shares of Broadridge Financial Solutions in a report on Thursday, November 9th. BidaskClub upgraded Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. ValuEngine upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Barclays reiterated a “hold” rating and set a $95.00 price objective on shares of Broadridge Financial Solutions in a report on Friday. Finally, Raymond James Financial restated a “hold” rating on shares of Broadridge Financial Solutions in a report on Monday, December 4th. Five research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average price target of $90.50.
In related news, insider Richard J. Daly sold 94,039 shares of Broadridge Financial Solutions stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $81.95, for a total transaction of $7,706,496.05. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard J. Haviland sold 7,655 shares of Broadridge Financial Solutions stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $88.51, for a total value of $677,544.05. Following the sale, the director now directly owns 44,482 shares in the company, valued at $3,937,101.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 150,875 shares of company stock worth $12,784,264. 2.60% of the stock is currently owned by company insiders.
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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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