Broadridge Financial Solutions (NYSE:BR) Receiving Somewhat Favorable Press Coverage, Report Finds

Press coverage about Broadridge Financial Solutions (NYSE:BR) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Broadridge Financial Solutions earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned press coverage about the business services provider an impact score of 46.2410612171484 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the media headlines that may have impacted Accern Sentiment’s rankings:

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BR has been the topic of several recent research reports. Zacks Investment Research lowered Broadridge Financial Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. DA Davidson raised their price target on Broadridge Financial Solutions from $90.00 to $92.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 28th. Sandler O’Neill set a $95.00 price target on Broadridge Financial Solutions and gave the stock a “hold” rating in a research report on Thursday, February 8th. ValuEngine upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Barclays lifted their price objective on 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. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. Broadridge Financial Solutions currently has an average rating of “Hold” and a consensus target price of $100.25.

NYSE:BR traded up $0.02 during trading hours on Tuesday, reaching $107.53. 37,542 shares of the company traded hands, compared to its average volume of 700,210. The stock has a market capitalization of $12,795.80, a price-to-earnings ratio of 34.35, a PEG ratio of 2.72 and a beta of 0.84. Broadridge Financial Solutions has a 1 year low of $66.49 and a 1 year high of $110.05. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.14.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data 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. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $945.80 million. Broadridge Financial Solutions had a return on equity of 44.02% and a net margin of 8.74%. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 earnings per share. equities research analysts predict that Broadridge Financial Solutions will post 4.04 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Thursday, March 15th will be issued a $0.365 dividend. This represents a $1.46 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Wednesday, March 14th. Broadridge Financial Solutions’s payout ratio is currently 46.65%.

In other Broadridge Financial Solutions news, Director Leslie A. Brun sold 7,058 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $95.24, for a total transaction of $672,203.92. Following the completion of the sale, the director now owns 37,846 shares of the company’s stock, valued at $3,604,453.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Douglas Richard Deschutter sold 56,539 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $92.60, for a total value of $5,235,511.40. Following the sale, the insider now directly owns 98,427 shares of the company’s stock, valued at approximately $9,114,340.20. The disclosure for this sale can be found here. Insiders sold 137,743 shares of company stock valued at $13,191,608 in the last ninety days. 2.60% of the stock is currently owned by corporate 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.

Insider Buying and Selling by Quarter for Broadridge Financial Solutions (NYSE:BR)

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