Media stories about Broadridge Financial Solutions (NYSE:BR) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Broadridge Financial Solutions earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 46.392395399449 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern’s rankings:
- Investors Support Say-on-Pay and Environmental Proposals Broadridge and PwC ProxyPulse™ Report Shows – PR Newswire (press release) (prnewswire.com)
- Broadridge Financial Solutions, Inc. (BR) Ex-Dividend Date Scheduled for March 14, 2018 – Nasdaq (nasdaq.com)
- Rapid7, Inc. (RPD) Announces Proposed 2M Share Public Offering of Common Stock by Existing Stockholders (streetinsider.com)
- Free Research Report as Broadridge’s Revenues Jumped 13% and EPS more than Doubled (finance.yahoo.com)
Several research firms have commented on BR. ValuEngine raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Sandler O’Neill reissued a “hold” rating and set a $101.00 target price on shares of Broadridge Financial Solutions in a research report on Thursday, February 15th. Barclays increased their target price on shares of Broadridge Financial Solutions from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Friday, February 9th. Zacks Investment Research raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $108.00 target price on the stock in a research report on Wednesday, January 31st. Finally, Raymond James Financial reissued a “hold” rating on shares of Broadridge Financial Solutions in a research report on Monday, December 4th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $98.75.
Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $945.80 million. During the same period in the prior year, the company earned $0.39 earnings per share. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. equities research analysts forecast that Broadridge Financial Solutions will post 4.04 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Wednesday, March 14th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 46.50%.
In other Broadridge Financial Solutions news, insider Adam D. Amsterdam sold 19,600 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $99.36, for a total transaction of $1,947,456.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stuart R. Levine sold 8,304 shares of the company’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $106.05, for a total transaction of $880,639.20. Following the sale, the director now owns 24,554 shares of the company’s stock, valued at $2,603,951.70. The disclosure for this sale can be found here. Insiders have sold 137,743 shares of company stock valued at $13,191,608 over the last 90 days. Corporate insiders own 2.60% 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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