News articles about Broadridge Financial Solutions (NYSE:BR) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Broadridge Financial Solutions earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 45.6514620741061 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Morningstar makes tough choice in shedding a ‘fiduciary’ division — perhaps to avoid a conflict – RIABiz (riabiz.com)
- Fortress Transportation and Infrastructure Investors LLC Prices Its Public Offering of Common Shares – Markets Insider (markets.businessinsider.com)
- Pre-Market Technical Scan on Tech Equities — Premier, Nielsen, Broadridge Financial Solutions, and Leidos – PR Newswire (press release) (prnewswire.com)
- Morningstar makes tough choice in shedding ‘fiduciary’ division — perhaps to avoid a conflict (riabiz.com)
- Broadridge Financial Solutions, Inc. (BR) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
A number of analysts have recently issued reports on the stock. DA Davidson restated a “hold” rating and set a $86.00 price target on shares of Broadridge Financial Solutions in a report on Thursday, November 9th. ValuEngine upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Barclays restated a “hold” rating and set a $95.00 price target on shares of Broadridge Financial Solutions in a report on Friday, December 8th. Zacks Investment Research downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Raymond James Financial restated a “hold” rating on shares of Broadridge Financial Solutions in a report on Monday, December 4th. Six analysts have rated the stock with a hold rating, Broadridge Financial Solutions currently has a consensus rating of “Hold” and a consensus target price of $90.50.
Broadridge Financial Solutions (NYSE:BR) traded up $0.59 during trading hours on Friday, hitting $94.04. 361,679 shares of the company were exchanged, compared to its average volume of 381,408. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.70 and a quick ratio of 1.70. The stock has a market cap of $10,891.83, a PE ratio of 32.77, a P/E/G ratio of 2.51 and a beta of 0.99. Broadridge Financial Solutions has a 1 year low of $65.35 and a 1 year high of $94.31.
Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.12. The firm had revenue of $925.00 million during the quarter, compared to analysts’ expectations of $923.68 million. Broadridge Financial Solutions had a net margin of 8.22% and a return on equity of 40.17%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company posted $0.36 EPS. equities analysts predict that Broadridge Financial Solutions will post 3.72 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Friday, December 15th were given a dividend of $0.365 per share. The ex-dividend date was Thursday, December 14th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 1.55%. Broadridge Financial Solutions’s payout ratio is currently 50.87%.
In related news, insider Robert Schifellite sold 49,181 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $89.47, for a total transaction of $4,400,224.07. Following the completion of the transaction, the insider now owns 149,181 shares of the company’s stock, valued at approximately $13,347,224.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard J. Haviland sold 7,655 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $88.51, for a total transaction of $677,544.05. Following the transaction, the director now directly owns 44,482 shares of the company’s stock, valued at approximately $3,937,101.82. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.
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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