News headlines about Broadridge Financial Solutions (NYSE:BR) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Broadridge Financial Solutions earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave headlines about the business services provider an impact score of 45.6836329956702 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Broadridge Financial Solutions Sees Composite Rating Move Up To 96 (finance.yahoo.com)
- Broadridge Appoints Tom Carey to Head International Efforts (bobsguide.com)
- Broadridge International launches to tap new business in EMEA/APAC (ftseglobalmarkets.com)
- Broadridge Enhances Focus on Global Growth, Creates Broadridge International to Accelerate Next Wave of Growth in EMEA and Asia Pacific (prnewswire.com)
- Morningstar makes tough choice in shedding a ‘fiduciary’ division — perhaps to avoid a conflict – RIABiz (riabiz.com)
Several equities analysts have recently weighed in on the company. Zacks Investment Research cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. DA Davidson reissued a “hold” rating and set a $86.00 price target on shares of Broadridge Financial Solutions in a report on Thursday, November 9th. ValuEngine cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Raymond James Financial reissued a “hold” rating on shares of Broadridge Financial Solutions in a report on Monday, December 4th. Finally, Barclays reaffirmed a “hold” rating and issued a $95.00 target price on shares of Broadridge Financial Solutions in a report on Friday, December 8th. Six analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus target price of $90.50.
Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.12. The company had revenue of $925.00 million during the quarter, compared to analyst estimates of $923.68 million. Broadridge Financial Solutions had a return on equity of 40.17% and a net margin of 8.22%. The firm’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $0.36 earnings per share. sell-side analysts forecast that Broadridge Financial Solutions will post 3.72 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Friday, December 15th were given a $0.365 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.46 annualized dividend and a yield of 1.55%. Broadridge Financial Solutions’s dividend payout ratio is currently 51.05%.
In other Broadridge Financial Solutions news, insider Robert Schifellite sold 49,181 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $89.47, for a total value of $4,400,224.07. Following the completion of the sale, the insider now owns 149,181 shares of the company’s stock, valued at $13,347,224.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard J. Haviland sold 7,655 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $88.51, for a total transaction of $677,544.05. Following the completion of the sale, 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. 2.60% of the stock is owned by company insiders.
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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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