Broadridge Financial Solutions (NYSE:BR) Receives Media Sentiment Rating of 0.16
News articles about Broadridge Financial Solutions (NYSE:BR) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public 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 0.16 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 48.6348363479534 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Broadridge Financial Solutions, Inc. (NYSE:BR) PT Raised to $74.00 (americanbankingnews.com)
- Broadridge Financial Solutions, Inc. (BR) to Issue Dividend Increase – $0.37 Per Share (americanbankingnews.com)
- Edited Transcript of BR earnings conference call or presentation 10-Aug-17 12:30pm GMT (finance.yahoo.com)
- Broadridge Financial Solutions (BR) Q4 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Broadridge Financial Solutions, Inc. (BR) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS (americanbankingnews.com)
A number of research firms recently weighed in on BR. BidaskClub cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Monday, July 31st. DA Davidson began coverage on Broadridge Financial Solutions in a report on Monday. They issued a “neutral” rating and a $74.00 price target for the company. Finally, Barclays PLC upped their price target on Broadridge Financial Solutions from $72.00 to $74.00 and gave the stock an “equal weight” rating in a report on Friday. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $76.00.
Broadridge Financial Solutions (BR) traded up 2.75% during trading on Friday, reaching $74.27. The company had a trading volume of 785,625 shares. The stock has a market capitalization of $8.73 billion, a price-to-earnings ratio of 29.09 and a beta of 0.99. Broadridge Financial Solutions has a 1-year low of $59.86 and a 1-year high of $78.00. The firm has a 50-day moving average of $75.36 and a 200-day moving average of $71.49.
Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Thursday, August 10th. The business services provider reported $1.71 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.71. Broadridge Financial Solutions had a net margin of 8.21% and a return on equity of 34.74%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the firm earned $1.45 EPS. The company’s revenue for the quarter was up 38.1% on a year-over-year basis. On average, analysts anticipate that Broadridge Financial Solutions will post $3.66 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 15th will be given a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a dividend yield of 1.97%. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.33. The ex-dividend date is Thursday, September 14th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 51.56%.
In related news, insider Robert Schifellite sold 5,000 shares of Broadridge Financial Solutions stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $72.83, for a total transaction of $364,150.00. Following the completion of the transaction, the insider now directly owns 79,167 shares in the company, valued at approximately $5,765,732.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Laura Matlin sold 630 shares of Broadridge Financial Solutions stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $71.89, for a total value of $45,290.70. Following the transaction, the vice president now owns 5,271 shares of the company’s stock, valued at $378,932.19. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 323,032 shares of company stock valued at $24,016,648. Insiders own 3.50% of the company’s stock.
About Broadridge Financial Solutions
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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