Donnelley Financial Solutions, Inc. (NYSE:DFIN) Shares Sold by Strs Ohio

Strs Ohio reduced its position in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 9.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,000 shares of the company’s stock after selling 1,300 shares during the quarter. Strs Ohio’s holdings in Donnelley Financial Solutions were worth $810,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Boston Trust Walden Corp increased its stake in shares of Donnelley Financial Solutions by 52.0% in the 4th quarter. Boston Trust Walden Corp now owns 696,982 shares of the company’s stock worth $43,471,000 after acquiring an additional 238,489 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Donnelley Financial Solutions in the 4th quarter worth $2,241,000. Invesco Ltd. increased its stake in shares of Donnelley Financial Solutions by 207.4% in the 3rd quarter. Invesco Ltd. now owns 753,883 shares of the company’s stock worth $42,429,000 after acquiring an additional 508,638 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Donnelley Financial Solutions in the 3rd quarter worth $2,264,000. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of Donnelley Financial Solutions by 714.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 115,687 shares of the company’s stock worth $6,511,000 after acquiring an additional 101,484 shares during the last quarter. 93.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on DFIN. DA Davidson raised Donnelley Financial Solutions from a “neutral” rating to a “buy” rating and raised their target price for the stock from $60.00 to $72.00 in a research note on Friday, April 12th. Needham & Company LLC increased their price target on Donnelley Financial Solutions from $65.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st.

Insider Transactions at Donnelley Financial Solutions

In related news, CEO Daniel Leib sold 33,122 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $64.37, for a total transaction of $2,132,063.14. Following the completion of the transaction, the chief executive officer now directly owns 524,352 shares in the company, valued at approximately $33,752,538.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Daniel Leib sold 33,122 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $64.37, for a total transaction of $2,132,063.14. Following the completion of the transaction, the chief executive officer now directly owns 524,352 shares in the company, valued at approximately $33,752,538.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Luis A. Aguilar sold 3,047 shares of Donnelley Financial Solutions stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $63.84, for a total value of $194,520.48. Following the completion of the transaction, the director now owns 58,594 shares of the company’s stock, valued at approximately $3,740,640.96. The disclosure for this sale can be found here. Company insiders own 11.90% of the company’s stock.

Donnelley Financial Solutions Stock Performance

NYSE DFIN opened at $65.06 on Thursday. The stock has a market cap of $1.92 billion, a PE ratio of 24.02 and a beta of 1.50. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.31. Donnelley Financial Solutions, Inc. has a twelve month low of $40.73 and a twelve month high of $66.21. The stock has a fifty day simple moving average of $62.46 and a 200-day simple moving average of $60.16.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.01). The business had revenue of $176.50 million for the quarter, compared to analysts’ expectations of $169.35 million. Donnelley Financial Solutions had a return on equity of 22.89% and a net margin of 10.31%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.36 earnings per share. Equities analysts anticipate that Donnelley Financial Solutions, Inc. will post 2.93 earnings per share for the current year.

Donnelley Financial Solutions Profile

Donnelley Financial Solutions, Inc provides innovative software and technology-enabled financial regulatory and compliance solutions in the United States, Asia, Europe, Canada, and internationally. It operates through four segments: Capital Markets Software Solutions (CM-SS); Capital Markets Compliance and Communications Management (CM-CCM); Investment Companies Software Solutions (IC-SS); and Investment Companies Compliance and Communications Management (IC-CCM).