Two Sigma Investments LP Sells 127,317 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Two Sigma Investments LP reduced its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 99.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,242 shares of the business services provider's stock after selling 127,317 shares during the quarter. Two Sigma Investments LP's holdings in Broadridge Financial Solutions were worth $281,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC purchased a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at approximately $580,000. Empowered Funds LLC grew its position in shares of Broadridge Financial Solutions by 13.3% during the 4th quarter. Empowered Funds LLC now owns 2,797 shares of the business services provider's stock valued at $632,000 after acquiring an additional 329 shares during the period. Savant Capital LLC increased its position in shares of Broadridge Financial Solutions by 7.8% in the fourth quarter. Savant Capital LLC now owns 3,555 shares of the business services provider's stock valued at $804,000 after buying an additional 257 shares in the last quarter. Kentucky Trust Co purchased a new stake in Broadridge Financial Solutions in the 4th quarter worth $68,000. Finally, Van ECK Associates Corp raised its position in shares of Broadridge Financial Solutions by 1.3% during the 4th quarter. Van ECK Associates Corp now owns 21,244 shares of the business services provider's stock worth $4,803,000 after purchasing an additional 277 shares during the last quarter. Hedge funds and other institutional investors own 90.03% of the company's stock.

Broadridge Financial Solutions Stock Performance

Shares of BR stock traded down $1.42 during mid-day trading on Thursday, hitting $239.76. The stock had a trading volume of 388,414 shares, compared to its average volume of 524,132. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market cap of $28.16 billion, a PE ratio of 37.52 and a beta of 0.96. Broadridge Financial Solutions, Inc. has a fifty-two week low of $192.68 and a fifty-two week high of $247.01. The company's 50-day simple moving average is $236.57 and its 200-day simple moving average is $235.00.

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

Broadridge Financial Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Thursday, June 12th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.47%. Broadridge Financial Solutions's dividend payout ratio (DPR) is presently 52.93%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Broadridge Financial Solutions

In related news, VP Thomas P. Carey sold 3,607 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $237.26, for a total value of $855,796.82. Following the completion of the transaction, the vice president now owns 6,077 shares of the company's stock, valued at approximately $1,441,829.02. This represents a 37.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Maura A. Markus sold 3,556 shares of the business's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $243.08, for a total transaction of $864,392.48. Following the transaction, the director now directly owns 30,892 shares of the company's stock, valued at approximately $7,509,227.36. This trade represents a 10.32% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,116 shares of company stock valued at $4,352,298. Company insiders own 1.30% of the company's stock.

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.