News stories about Broadridge Financial Solutions (NYSE:BR) have trended positive on Monday, Accern Sentiment reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Broadridge Financial Solutions earned a media sentiment score of 0.31 on Accern’s scale. Accern also gave news stories about the business services provider an impact score of 93 out of 100, indicating that recent media coverage is extremely likely to have an impact on the company’s share price in the near future.
BR has been the subject of a number of research reports. Zacks Investment Research cut Broadridge Financial Solutions from a “hold” rating to a “sell” rating in a report on Monday, March 27th. BidaskClub upgraded Broadridge Financial Solutions from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 28th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $75.00.
Shares of Broadridge Financial Solutions (BR) opened at 75.23 on Monday. Broadridge Financial Solutions has a one year low of $59.86 and a one year high of $78.00. The stock has a market capitalization of $8.85 billion, a PE ratio of 29.47 and a beta of 1.00. The company’s 50-day moving average price is $74.93 and its 200 day moving average price is $69.54.
Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Wednesday, May 10th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.10. Broadridge Financial Solutions had a return on equity of 34.74% and a net margin of 8.21%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $997.65 million. During the same quarter in the previous year, the business earned $0.58 earnings per share. The company’s revenue for the quarter was up 46.4% compared to the same quarter last year. Analysts anticipate that Broadridge Financial Solutions will post $3.13 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Thursday, June 15th were given a dividend of $0.33 per share. 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 dividend payout ratio (DPR) is presently 51.56%.
In other Broadridge Financial Solutions news, insider Charles J. Marchesani sold 20,473 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $73.61, for a total transaction of $1,507,017.53. Following the completion of the transaction, the insider now owns 32,328 shares in the company, valued at $2,379,664.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Laura Matlin sold 630 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $71.89, for a total value of $45,290.70. Following the transaction, the vice president now 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 have sold 323,032 shares of company stock valued at $24,016,648 in the last 90 days. Company insiders own 3.50% 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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