Positive Media Coverage Somewhat Unlikely to Affect Broadridge Financial Solutions (BR) Share Price

Media coverage about Broadridge Financial Solutions (NYSE:BR) has been trending positive recently, Accern reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. 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 0.27 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 45.5430633812588 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news headlines that may have impacted Accern’s analysis:

Shares of Broadridge Financial Solutions (BR) traded up $1.19 during trading hours on Friday, reaching $90.03. The company’s stock had a trading volume of 770,131 shares, compared to its average volume of 538,258. The company has a market capitalization of $10,354.52, a price-to-earnings ratio of 26.68, a P/E/G ratio of 2.39 and a beta of 0.99. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.25. Broadridge Financial Solutions has a 1-year low of $65.07 and a 1-year high of $91.75.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.12. Broadridge Financial Solutions had a return on equity of 40.17% and a net margin of 8.22%. The business had revenue of $925.00 million for the quarter, compared to analyst estimates of $923.68 million. During the same quarter in the prior year, the company earned $0.36 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. equities research analysts expect that Broadridge Financial Solutions will post 3.72 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 15th will be issued a $0.365 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 1.62%. Broadridge Financial Solutions’s dividend payout ratio is presently 50.87%.

Several brokerages have issued reports on BR. Barclays reiterated a “hold” rating and issued a $95.00 price target on shares of Broadridge Financial Solutions in a report on Friday, December 8th. Raymond James Financial reiterated a “hold” rating on shares of Broadridge Financial Solutions in a report on Monday, December 4th. ValuEngine lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Friday, December 1st. DA Davidson reiterated a “hold” rating and issued a $86.00 price target on shares of Broadridge Financial Solutions in a report on Thursday, November 9th. Finally, BidaskClub upgraded Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Five analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus target price of $90.50.

In other news, insider Robert Schifellite sold 49,181 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $89.47, for a total value of $4,400,224.07. Following the transaction, the insider now owns 149,181 shares in the company, valued at $13,347,224.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard J. Daly sold 94,039 shares of the firm’s stock in a transaction that occurred 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 sold 150,875 shares of company stock worth $12,784,264 in the last 90 days. Corporate insiders own 2.60% of the company’s stock.

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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.

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

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