Somewhat Positive Press Coverage Somewhat Unlikely to Impact Broadridge Financial Solutions (NYSE:BR) Share Price
News coverage about Broadridge Financial Solutions (NYSE:BR) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Broadridge Financial Solutions earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave media stories about the business services provider an impact score of 45.8798199192178 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- 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 analysts have issued reports on BR shares. ValuEngine raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Zacks Investment Research raised 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. Barclays lifted their price target on Broadridge Financial Solutions from $96.00 to $100.00 and gave the stock an “equal weight” rating in a report on Friday, February 9th. Sandler O’Neill reiterated a “hold” rating and set a $101.00 price target on shares of Broadridge Financial Solutions in a report on Thursday, February 15th. Finally, Raymond James Financial reiterated a “hold” rating on shares of Broadridge Financial Solutions in a report on Monday, December 4th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Broadridge Financial Solutions currently has a consensus rating of “Hold” and an average price target of $98.75.
Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.79 earnings per share for the quarter, topping the 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 for the quarter, compared to analysts’ expectations of $945.80 million. During the same quarter in the previous year, the firm posted $0.39 earnings per share. Broadridge Financial Solutions’s revenue for the quarter was up 13.4% on a year-over-year basis. equities research analysts anticipate 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 given a dividend of $0.365 per share. The ex-dividend date is Wednesday, March 14th. This represents a $1.46 dividend on an annualized basis and a yield of 1.35%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 46.50%.
In related 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 value of $1,947,456.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Stuart R. Levine sold 8,304 shares of the company’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $106.05, for a total transaction of $880,639.20. Following the completion of the sale, the director now owns 24,554 shares in the company, valued at approximately $2,603,951.70. The disclosure for this sale can be found here. Insiders have sold 137,743 shares of company stock worth $13,191,608 in the last ninety days. Insiders own 2.60% of the company’s stock.
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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