Broadridge Financial Solutions (BR) Receiving Somewhat Positive News Coverage, Report Shows

Headlines about Broadridge Financial Solutions (NYSE:BR) have trended somewhat positive recently, AlphaOne Sentiment reports. The research firm, a division of Accern, identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Broadridge Financial Solutions earned a news impact score of 0.01 on AlphaOne’s scale. AlphaOne also assigned media stories about the business services provider an impact score of 37 out of 100, meaning that recent news coverage is unlikely to have an effect on the company’s share price in the next several days.

These are some of the news articles that may have impacted AlphaOne’s rankings:

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

Shares of Broadridge Financial Solutions (BR) traded up 0.92% during midday trading on Monday, hitting $76.05. The company had a trading volume of 342,358 shares. Broadridge Financial Solutions has a 1-year low of $59.86 and a 1-year high of $78.00. The firm has a market capitalization of $8.94 billion, a P/E ratio of 29.79 and a beta of 1.00. The stock has a 50 day moving average price of $73.25 and a 200 day moving average price of $68.82.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Wednesday, May 10th. The business services provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.59 by $0.10. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $997.65 million. Broadridge Financial Solutions had a net margin of 8.21% and a return on equity of 34.74%. The firm’s revenue was up 46.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.58 EPS. On average, equities analysts anticipate that Broadridge Financial Solutions will post $3.14 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Thursday, June 15th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $1.32 annualized dividend and a yield of 1.74%. Broadridge Financial Solutions’s payout ratio is 51.56%.

Separately, Zacks Investment Research upgraded Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a research report on Monday, April 10th.

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In related news, SVP Christopher John Perry sold 73,936 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $72.57, for a total transaction of $5,365,535.52. Following the transaction, the senior vice president now directly owns 91,276 shares in the company, valued at approximately $6,623,899.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction, the vice president now owns 5,271 shares in the company, valued at $378,932.19. The disclosure for this sale can be found here. Insiders have sold a total of 323,032 shares of company stock worth $24,016,648 over the last quarter. 3.50% of the stock is currently owned by insiders.

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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