News headlines about Broadridge Financial Solutions (NYSE:BR) have been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Broadridge Financial Solutions earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news headlines about the business services provider an impact score of 46.861780931637 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
BR has been the topic of several recent research reports. Zacks Investment Research upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $108.00 price objective on the stock in a research report on Wednesday, January 31st. DA Davidson increased their price objective on Broadridge Financial Solutions from $90.00 to $92.00 and gave the company a “neutral” rating in a research report on Wednesday, March 28th. Sandler O’Neill reiterated a “hold” rating and set a $101.00 price objective on shares of Broadridge Financial Solutions in a research report on Thursday, February 15th. ValuEngine upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Barclays increased their price objective on Broadridge Financial Solutions from $96.00 to $100.00 and gave the company an “equal weight” rating in a research report on Friday, February 9th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $100.25.
Shares of Broadridge Financial Solutions stock opened at $108.15 on Wednesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market cap of $12,469.17, a PE ratio of 34.55, a PEG ratio of 2.65 and a beta of 0.85. Broadridge Financial Solutions has a 12 month low of $66.85 and a 12 month high of $110.05.
Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.21. Broadridge Financial Solutions had a return on equity of 44.02% and a net margin of 8.74%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $945.80 million. During the same period last year, the company earned $0.39 EPS. Broadridge Financial Solutions’s revenue for the quarter was up 13.4% compared to the same quarter last year. research analysts forecast that Broadridge Financial Solutions will post 4.04 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 3rd. Investors of record on Thursday, March 15th were given a dividend of $0.365 per share. The ex-dividend date was Wednesday, March 14th. This represents a $1.46 annualized dividend and a yield of 1.35%. Broadridge Financial Solutions’s payout ratio is 46.65%.
In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 56,539 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $92.60, for a total value of $5,235,511.40. Following the completion of the sale, the insider now owns 98,427 shares in the company, valued at approximately $9,114,340.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Richard J. Daly sold 26,000 shares of the stock in a transaction that occurred on Tuesday, April 3rd. The stock was sold at an average price of $107.44, for a total value of $2,793,440.00. Following the completion of the sale, the chief executive officer now owns 337,845 shares of the company’s stock, valued at approximately $36,298,066.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 163,743 shares of company stock worth $15,985,048. 2.60% of the stock is owned by corporate insiders.
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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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