Media headlines about Broadridge Financial Solutions (NYSE:BR) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Broadridge Financial Solutions earned a coverage optimism score of 0.01 on Accern’s scale. Accern also gave news stories about the business services provider an impact score of 37 out of 100, indicating that recent news coverage is unlikely to have an impact on the stock’s share price in the near term.
Several equities analysts have recently commented on the company. BidaskClub raised Broadridge Financial Solutions from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 28th. Zacks Investment Research upgraded Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, March 15th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $75.00.
Shares of Broadridge Financial Solutions (NYSE BR) traded up 0.99% during mid-day trading on Friday, reaching $75.23. 310,334 shares of the company’s stock traded hands. The firm has a market cap of $8.85 billion, a price-to-earnings ratio of 29.47 and a beta of 1.00. The company’s 50 day moving average is $74.93 and its 200-day moving average is $69.54. Broadridge Financial Solutions has a 52 week low of $59.86 and a 52 week high of $78.00.
Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Wednesday, May 10th. The business services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.10. Broadridge Financial Solutions had a net margin of 8.21% and a return on equity of 34.74%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $997.65 million. During the same period last year, the firm earned $0.58 earnings per share. The firm’s revenue was up 46.4% on a year-over-year basis. Equities analysts expect that Broadridge Financial Solutions will post $3.13 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Thursday, June 15th were paid a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $1.32 annualized dividend and a dividend yield of 1.75%. Broadridge Financial Solutions’s payout ratio is 51.56%.
In other Broadridge Financial Solutions news, insider Robert Schifellite sold 76,666 shares of the company’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $75.98, for a total transaction of $5,825,082.68. Following the transaction, the insider now owns 105,042 shares in the company, valued at approximately $7,981,091.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Laura Matlin sold 630 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $71.89, for a total transaction of $45,290.70. Following the sale, the vice president now directly owns 5,271 shares of the company’s stock, valued at approximately $378,932.19. The disclosure for this sale can be found here. Insiders sold 323,032 shares of company stock valued at $24,016,648 over the last 90 days. 3.50% of the stock is owned by company 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.
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