Latest Buzz in the Business Services Space: New Research on Bankrate, Broadridge Financial, CBIZ, Dice Holdings, and Envestnet
NEW YORK, March 2, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including Bankrate (NYSE: RATE), Broadridge Financial (NYSE: BR), CBIZ (NYSE: CBZ), Dice Holdings (NYSE: DHX), and Envestnet (NYSE: ENV). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
RATE Research Report: ( http://get.analystsreview.com/pdf/?c=Bankrate&d=02-Mar-2015&s=RATE ),
BR Research Report: ( http://get.analystsreview.com/pdf/?c=Broadridge%20Financial&d=02-Mar-2015&s=BR ),
CBZ Research Report: ( http://get.analystsreview.com/pdf/?c=CBIZ&d=02-Mar-2015&s=CBZ ),
DHX Research Report: ( http://get.analystsreview.com/pdf/?c=Dice%20Holdings&d=02-Mar-2015&s=DHX ),
ENV Research Report: ( http://get.analystsreview.com/pdf/?c=Envestnet&d=02-Mar-2015&s=ENV ).
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Analyst Update: Survey Results, Earnings, Appointments, and Collaboration
Reviewed by: Rohit Tuli, CFA®
The U.S. stocks ended February with their biggest monthly percentage gains in more than two years. In February, the Dow Jones Industrial Average jumped 5.64%, its best month since January 2013. However on Friday, The Dow Jones Industrial Average fell 81.72 points, or 0.45%, to 18132.70. The S&P 500 slipped 6.24 points, or 0.30%, to 2104.50 and the Nasdaq Composite declined 24.36 points, or 0.49%, to 4963.53. The Commerce Department reported that U.S. gross domestic product expanded at a 2.2% annual rate in the fourth quarter, down from an initial estimate of 2.6%. Separately, the Chicago Business Barometer fell to its lowest point since July 2009, declining to 45.8 in February from January's 59.4. European markets mostly closed higher. Asia Pacific share market ended mixed, on tracking weak lead from Wall Street overnight. China share market finished higher in volatile trade, with investors looking ahead to the annual sessions of China's two key legislative bodies next week. Moreover on Saturday, China reduced its benchmark interest rate by 25 basis points to 5.35% along with a 25 basis point cut in the benchmark saving rate to 2.5%, effective from Sunday.
Bankrate Inc (Bankrate) reported that as per a new Bankrate.com survey report, high medical expenses are Americans' biggest financial worry about retirement. Data collected by Princeton Survey Research Associates International for the Bankrate's poll revealed that the highest-income households (over $75,000 per year) are more concerned about high medical expenses than the overall population.
Broadridge Financial Solutions, Inc. (Broadridge) earnings and revenue for Q2 FY2015 topped analyst estimates. During the quarter, adjusted diluted earnings per share increased 28% YoY to $0.32, surpassing Zacks Consensus Estimate of $0.29. Total Revenues increased 10% YoY to $574.6 million, above Zacks Consensus Estimate of $555 million.
CBIZ, Inc. (CBIZ) announced the appointment of two new independent directors - Gina D. France and Sherrill W. Hudson, to the Company's Board, effective February 11, 2015, bringing the total number of CBIZ directors to nine, seven of whom are independent directors. For 2015, the Company expects total revenue growth within a range of 5% to 7%.
Dice Holdings, Inc. (Dice Holdings) revenues increased 16% YoY to $67.8 million in Q4 4014, primarily due to revenues from acquired businesses, which contributed $7.5 million of growth in the quarter. Net income for the quarter totaled $6.5 million, resulting in diluted earnings per share of $0.12.
Envestnet Inc announced its collaboration with six firms - BlackRock, Invesco, Ltd., Neuberger Berman, Beaumont Capital Management, Innealta Capital, and The Capital Group's American Funds Distributors, Inc., to receive original content from them for its unified education portal for empowering registered financial professionals - Envestnet Institute.
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About Analysts Review
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Analysts Review was designed for investors. By providing the best information available, we have set ourselves apart as one of the premier online investor communities.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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