Somewhat Positive Media Coverage Somewhat Unlikely to Impact Broadridge Financial Solutions (BR) Share Price
Press coverage about Broadridge Financial Solutions (NYSE:BR) has trended somewhat positive on Sunday, Accern reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Broadridge Financial Solutions earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the business services provider an impact score of 47.2465688875397 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Investors Recap on Overbought reading of Broadridge Financial Solutions, Inc. (BR) – Wall Street Morning (wallstreetmorning.com)
- ETF Asset Growth up 19%, Driven by Retail Channels According to Broadridge Financial Solutions – Markets Insider (markets.businessinsider.com)
- Sentinel Energy Services Inc. Announces Pricing of $300000000 Initial Public Offering – Business Wire (press release) (businesswire.com)
- Aquantia Announces Pricing of Initial Public Offering – Business Wire (press release) (businesswire.com)
- Focus on Overbought Mover: Broadridge Financial Solutions, Inc. (BR) – Wall Street Morning (wallstreetmorning.com)
Several brokerages have recently issued reports on BR. BidaskClub cut Broadridge Financial Solutions from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Barclays PLC upped their price objective on Broadridge Financial Solutions from $72.00 to $74.00 and gave the stock an “equal weight” rating in a report on Friday, August 11th. Finally, DA Davidson began coverage on Broadridge Financial Solutions in a report on Monday, August 7th. They set a “neutral” rating and a $74.00 price objective on the stock.
Shares of Broadridge Financial Solutions (BR) opened at $86.84 on Friday. The firm has a market cap of $10,120.68, a price-to-earnings ratio of 27.57, a price-to-earnings-growth ratio of 2.36 and a beta of 0.99. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.10.
Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Thursday, August 10th. The business services provider reported $1.71 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.71. Broadridge Financial Solutions had a return on equity of 37.99% and a net margin of 7.89%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the firm posted $1.45 EPS. Broadridge Financial Solutions’s quarterly revenue was up 38.1% compared to the same quarter last year. analysts forecast that Broadridge Financial Solutions will post 3.68 earnings per share for the current year.
In related news, Director Stuart R. Levine sold 7,868 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of $76.58, for a total transaction of $602,531.44. Following the sale, the director now owns 39,747 shares in the company, valued at approximately $3,043,825.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard J. Daly sold 94,039 shares of the stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $81.95, for a total value of $7,706,496.05. The disclosure for this sale can be found here. Insiders have sold a total of 119,720 shares of company stock worth $9,679,916 in the last 90 days. 2.60% of the stock is currently owned by insiders.
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About Broadridge Financial Solutions
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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