Broadridge Financial Solutions (BR) Given Media Impact Rating of 0.16
Headlines about Broadridge Financial Solutions (NYSE:BR) have been trending somewhat positive on Wednesday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. 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 news impact score of 0.16 on Accern’s scale. Accern also gave news articles about the business services provider an impact score of 47.5948846238157 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s rankings:
- Whitebox Advisors Chooses Broadridge in Transformative move to Best-in-Suite … (prnewswire.com)
- Whitebox Advisors Chooses Broadridge in Transformative move to Best-in-Suite Technology Platform (finance.yahoo.com)
- Broadridge Financial Solutions, Inc. breached its 50 day moving average in a Bullish Manner : BR-US : August 15, 2017 (finance.yahoo.com)
- Broadridge Financial Solutions, Inc. :BR-US: Earnings Analysis: 2017 By the Numbers : August 14, 2017 (finance.yahoo.com)
- Q1 2018 EPS Estimates for Broadridge Financial Solutions, Inc. (BR) Reduced by DA Davidson (americanbankingnews.com)
BR has been the subject of a number of recent analyst reports. BidaskClub raised shares of Broadridge Financial Solutions from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 28th. Barclays PLC increased their target price on shares of Broadridge Financial Solutions from $72.00 to $74.00 and gave the company an “equal weight” rating in a research report on Friday, August 11th. Finally, DA Davidson initiated coverage on shares of Broadridge Financial Solutions in a research report on Monday, August 7th. They set a “neutral” rating and a $74.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Broadridge Financial Solutions has a consensus rating of “Hold” and an average target price of $76.00.
Broadridge Financial Solutions (BR) traded up 1.33% during trading on Wednesday, hitting $77.09. The company’s stock had a trading volume of 428,761 shares. The firm has a market cap of $8.98 billion, a P/E ratio of 28.55 and a beta of 0.99. The firm has a 50 day moving average of $75.37 and a 200 day moving average of $71.71. Broadridge Financial Solutions has a 12 month low of $59.86 and a 12 month high of $78.00.
Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Thursday, August 10th. The business services provider reported $1.71 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.71. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Broadridge Financial Solutions had a return on equity of 37.99% and a net margin of 7.89%. The firm’s revenue for the quarter was up 38.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.45 earnings per share. Equities research analysts predict that Broadridge Financial Solutions will post $3.71 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 15th will be issued a $0.365 dividend. This represents a $1.46 annualized dividend and a yield of 1.89%. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.33. The ex-dividend date is Thursday, September 14th. Broadridge Financial Solutions’s payout ratio is 48.35%.
In other Broadridge Financial Solutions news, SVP Christopher John Perry sold 73,936 shares of the company’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $72.57, for a total value of $5,365,535.52. Following the completion of the sale, the senior vice president now owns 91,276 shares in the company, valued at $6,623,899.32. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Robert Schifellite sold 76,666 shares of the company’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $75.98, for a total value of $5,825,082.68. Following the completion of the sale, the insider now owns 105,042 shares of the company’s stock, valued at approximately $7,981,091.16. The disclosure for this sale can be found here. Insiders sold 317,402 shares of company stock worth $23,607,207 over the last three months. Corporate 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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