Two Sigma Investments LP Has $281,000 Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Two Sigma Investments LP cut its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 99.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,242 shares of the business services provider’s stock after selling 127,317 shares during the period. Two Sigma Investments LP’s holdings in Broadridge Financial Solutions were worth $281,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Sunburst Financial Group LLC grew its stake in shares of Broadridge Financial Solutions by 4.8% during the fourth quarter. Sunburst Financial Group LLC now owns 1,011 shares of the business services provider’s stock worth $229,000 after purchasing an additional 46 shares during the period. Nicolet Advisory Services LLC grew its stake in shares of Broadridge Financial Solutions by 4.8% during the fourth quarter. Nicolet Advisory Services LLC now owns 1,010 shares of the business services provider’s stock worth $224,000 after purchasing an additional 46 shares during the period. Advisors Capital Management LLC grew its stake in shares of Broadridge Financial Solutions by 3.5% during the fourth quarter. Advisors Capital Management LLC now owns 1,440 shares of the business services provider’s stock worth $326,000 after purchasing an additional 49 shares during the period. TCTC Holdings LLC grew its stake in shares of Broadridge Financial Solutions by 0.9% during the fourth quarter. TCTC Holdings LLC now owns 5,979 shares of the business services provider’s stock worth $1,352,000 after purchasing an additional 52 shares during the period. Finally, Mindset Wealth Management LLC grew its stake in shares of Broadridge Financial Solutions by 2.8% during the fourth quarter. Mindset Wealth Management LLC now owns 1,971 shares of the business services provider’s stock worth $446,000 after purchasing an additional 54 shares during the period. 90.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Maura A. Markus sold 3,556 shares of the business’s stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $243.08, for a total value of $864,392.48. Following the sale, the director now directly owns 30,892 shares in the company, valued at $7,509,227.36. The trade was a 10.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Douglas Richard Deschutter sold 5,056 shares of the company’s stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $239.55, for a total value of $1,211,164.80. Following the sale, the insider now owns 21,167 shares in the company, valued at $5,070,554.85. The trade was a 19.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,116 shares of company stock worth $4,352,298 over the last three months. Corporate insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on BR shares. Needham & Company LLC started coverage on Broadridge Financial Solutions in a research note on Tuesday, May 6th. They set a “buy” rating and a $300.00 price objective for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $259.00 target price on shares of Broadridge Financial Solutions in a research note on Monday, May 19th. Finally, Wall Street Zen raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Broadridge Financial Solutions has a consensus rating of “Hold” and an average target price of $250.83.

Broadridge Financial Solutions Stock Down 0.8%

NYSE:BR opened at $241.01 on Thursday. Broadridge Financial Solutions, Inc. has a 1 year low of $192.68 and a 1 year high of $247.01. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.64. The stock has a market cap of $28.31 billion, a price-to-earnings ratio of 37.72 and a beta of 0.96. The stock has a 50-day moving average price of $236.57 and a two-hundred day moving average price of $235.00.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Thursday, May 1st. The business services provider reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.03. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.86 billion. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.23 earnings per share. As a group, 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. Stockholders of record on Thursday, June 12th will be issued a $0.88 dividend. The ex-dividend date is Thursday, June 12th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.46%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 52.93%.

Broadridge Financial Solutions Company 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.