Two Sigma Advisers LP Has $362,000 Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

Two Sigma Advisers LP decreased its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 92.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,600 shares of the business services provider's stock after selling 18,800 shares during the period. Two Sigma Advisers LP's holdings in Broadridge Financial Solutions were worth $362,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Minot DeBlois Advisors LLC acquired a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at about $34,000. Gen Wealth Partners Inc acquired a new position in shares of Broadridge Financial Solutions during the 4th quarter worth approximately $36,000. Global X Japan Co. Ltd. bought a new stake in shares of Broadridge Financial Solutions during the 4th quarter worth approximately $41,000. Curio Wealth LLC acquired a new stake in shares of Broadridge Financial Solutions in the 4th quarter valued at approximately $45,000. Finally, Promus Capital LLC acquired a new stake in shares of Broadridge Financial Solutions in the 4th quarter valued at approximately $52,000. Institutional investors and hedge funds own 90.03% of the company's stock.

Broadridge Financial Solutions Price Performance

NYSE:BR opened at $244.69 on Friday. The company has a market cap of $28.74 billion, a P/E ratio of 38.29 and a beta of 0.98. The firm's fifty day moving average price is $236.24 and its two-hundred day moving average price is $234.55. Broadridge Financial Solutions, Inc. has a one year low of $192.68 and a one year high of $247.01. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.35.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The business services provider reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.03. The firm had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.86 billion. Broadridge Financial Solutions had a net margin of 11.36% and a return on equity of 44.40%. The business's revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.23 EPS. Equities analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Thursday, June 12th will be issued a dividend of $0.88 per share. The ex-dividend date is Thursday, June 12th. This represents a $3.52 annualized dividend and a yield of 1.44%. Broadridge Financial Solutions's payout ratio is currently 52.93%.

Insider Activity at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,068 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $235.22, for a total transaction of $251,214.96. Following the transaction, the insider now owns 1,070 shares in the company, valued at $251,685.40. This trade represents a 49.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy C. Gokey sold 95,956 shares of Broadridge Financial Solutions stock in a transaction on Monday, March 10th. The shares were sold at an average price of $235.43, for a total value of $22,590,921.08. Following the completion of the transaction, the chief executive officer now directly owns 169,788 shares of the company's stock, valued at $39,973,188.84. This represents a 36.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 114,072 shares of company stock worth $26,943,219 in the last ninety days. 1.30% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BR shares. Needham & Company LLC assumed coverage on shares of Broadridge Financial Solutions in a report on Tuesday, May 6th. They set a "buy" rating and a $300.00 target price on the stock. Wall Street Zen raised shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $259.00 price target on shares of Broadridge Financial Solutions in a report on Monday, May 19th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $250.83.

Broadridge Financial Solutions Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry. The company's Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services; and distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions.

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