Entropy Technologies LP Makes New Investment in Broadridge Financial Solutions, Inc. (NYSE:BR)

Entropy Technologies LP bought a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,581 shares of the business services provider's stock, valued at approximately $1,036,000.

Several other large investors also recently modified their holdings of the business. CWM LLC lifted its position in shares of Broadridge Financial Solutions by 3.3% during the third quarter. CWM LLC now owns 7,272 shares of the business services provider's stock worth $1,564,000 after purchasing an additional 231 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Broadridge Financial Solutions by 190.5% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 886 shares of the business services provider's stock worth $191,000 after purchasing an additional 581 shares during the last quarter. Ritholtz Wealth Management lifted its position in shares of Broadridge Financial Solutions by 23.1% during the third quarter. Ritholtz Wealth Management now owns 1,487 shares of the business services provider's stock worth $320,000 after purchasing an additional 279 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Broadridge Financial Solutions during the third quarter worth about $137,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Broadridge Financial Solutions by 7.1% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 7,015 shares of the business services provider's stock worth $1,508,000 after purchasing an additional 467 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Broadridge Financial Solutions Stock Performance

Shares of BR traded down $2.35 during mid-day trading on Friday, reaching $240.40. 277,689 shares of the company's stock traded hands, compared to its average volume of 459,586. The business's 50-day moving average price is $232.49 and its 200-day moving average price is $222.53. The stock has a market capitalization of $28.13 billion, a P/E ratio of 37.62 and a beta of 1.08. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.39 and a current ratio of 1.35. Broadridge Financial Solutions, Inc. has a 12 month low of $188.30 and a 12 month high of $244.47.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share for the quarter, beating analysts' consensus estimates of $1.32 by $0.24. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. During the same quarter in the previous year, the firm earned $0.92 EPS. Equities analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 13th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.46%. Broadridge Financial Solutions's dividend payout ratio is presently 55.09%.

Wall Street Analysts Forecast Growth

BR has been the topic of a number of recent research reports. StockNews.com cut shares of Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a report on Saturday, November 9th. Morgan Stanley raised their target price on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an "equal weight" rating in a report on Monday, February 3rd. DA Davidson reissued a "neutral" rating and issued a $215.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. JPMorgan Chase & Co. raised their target price on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Finally, UBS Group raised their target price on shares of Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Broadridge Financial Solutions currently has an average rating of "Hold" and a consensus target price of $239.17.

Insider Activity at Broadridge Financial Solutions

In related news, Director Brett Keller sold 5,442 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $240.40, for a total transaction of $1,308,256.80. Following the transaction, the director now owns 15,536 shares in the company, valued at $3,734,854.40. This trade represents a 25.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Laura Matlin sold 514 shares of Broadridge Financial Solutions stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $241.60, for a total transaction of $124,182.40. Following the completion of the transaction, the vice president now owns 6,602 shares in the company, valued at approximately $1,595,043.20. This trade represents a 7.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,666 shares of company stock worth $5,050,766 over the last quarter. 1.30% of the stock is currently owned by company insiders.

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.