Press coverage about Broadridge Financial Solutions (NYSE:BR) has been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Broadridge Financial Solutions earned a news impact score of 0.11 on Accern’s scale. Accern also gave media stories about the business services provider an impact score of 47.286605885879 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- BioCryst Pharmaceuticals Prices Public Offering of Common Stock – Nasdaq (nasdaq.com)
- Top Ranked Growth Stocks to Buy for September 12th (finance.yahoo.com)
- Financial Review: Broadridge Financial Solutions (BR) versus Its Competitors (americanbankingnews.com)
- Trading Focus: Broadridge Financial Solutions Inc (BR) Technical Levels in Review (vothemes.com)
- BioCryst Pharmaceuticals Commences Public Offering of Common Stock – Markets Insider (markets.businessinsider.com)
A number of equities analysts recently weighed in on the stock. DA Davidson started coverage on shares of Broadridge Financial Solutions in a research note on Monday, August 7th. They set a “neutral” rating and a $74.00 target price for the company. BidaskClub downgraded shares of Broadridge Financial Solutions from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Finally, Barclays PLC upped their target price on shares of Broadridge Financial Solutions from $72.00 to $74.00 and gave the stock an “equal weight” rating in a report on Friday, August 11th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $76.00.
Shares of Broadridge Financial Solutions (BR) traded up 0.40% during midday trading on Tuesday, reaching $80.48. 383,407 shares of the company’s stock traded hands. Broadridge Financial Solutions has a 1-year low of $59.86 and a 1-year high of $80.48. The stock has a market capitalization of $9.37 billion, a P/E ratio of 29.81 and a beta of 0.97. The firm’s 50-day moving average price is $76.53 and its 200 day moving average price is $72.92.
Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Thursday, August 10th. The business services provider reported $1.71 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.71. The business 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 company’s revenue for the quarter was up 38.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.45 EPS. On average, equities analysts predict that Broadridge Financial Solutions will post $3.71 earnings per share 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 issued a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Thursday, September 14th. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.33. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 48.35%.
In related news, insider Adam D. Amsterdam sold 17,813 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $76.96, for a total value of $1,370,888.48. Following the sale, the insider now directly owns 20,646 shares of the company’s stock, valued at $1,588,916.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stuart R. Levine sold 7,868 shares of the firm’s 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 in the company, valued at $3,043,825.26. The disclosure for this sale can be found here. Company insiders own 3.50% of the company’s stock.
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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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