WINTON GROUP Ltd purchased a new position in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN – Free Report) during the fourth quarter, HoldingsChannel reports. The fund purchased 10,237 shares of the company’s stock, valued at approximately $642,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Securities Inc. lifted its holdings in Donnelley Financial Solutions by 1,537.1% during the fourth quarter. Principal Securities Inc. now owns 1,015 shares of the company’s stock worth $64,000 after acquiring an additional 953 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Donnelley Financial Solutions by 584.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,156 shares of the company’s stock valued at $73,000 after purchasing an additional 987 shares in the last quarter. Point72 DIFC Ltd acquired a new position in shares of Donnelley Financial Solutions in the 3rd quarter valued at approximately $74,000. KBC Group NV increased its stake in Donnelley Financial Solutions by 52.7% during the 4th quarter. KBC Group NV now owns 1,550 shares of the company’s stock worth $97,000 after purchasing an additional 535 shares in the last quarter. Finally, Vestcor Inc acquired a new stake in Donnelley Financial Solutions during the 4th quarter worth approximately $121,000. Institutional investors and hedge funds own 93.84% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. DA Davidson reduced their price target on shares of Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Donnelley Financial Solutions in a research report on Friday.
Insider Buying and Selling at Donnelley Financial Solutions
In other Donnelley Financial Solutions news, CEO Daniel Leib sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $50.14, for a total transaction of $1,253,500.00. Following the transaction, the chief executive officer now owns 515,191 shares of the company’s stock, valued at $25,831,676.74. The trade was a 4.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gary G. Greenfield acquired 1,000 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was bought at an average cost of $48.89 per share, with a total value of $48,890.00. Following the acquisition, the director now owns 43,128 shares in the company, valued at $2,108,527.92. The trade was a 2.37 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 11.90% of the company’s stock.
Donnelley Financial Solutions Stock Down 2.8 %
NYSE:DFIN opened at $43.83 on Friday. The stock has a 50-day simple moving average of $54.95 and a 200 day simple moving average of $60.05. Donnelley Financial Solutions, Inc. has a 52-week low of $41.76 and a 52-week high of $71.01. The company has a market cap of $1.25 billion, a PE ratio of 14.32 and a beta of 1.44. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.15 and a current ratio of 1.04.
Donnelley Financial Solutions (NYSE:DFIN – Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.22). The business had revenue of $156.30 million for the quarter, compared to the consensus estimate of $169.20 million. Donnelley Financial Solutions had a return on equity of 20.65% and a net margin of 11.82%.
About Donnelley Financial Solutions
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).
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