D. E. Shaw & Co. Inc. Lowers Position in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

D. E. Shaw & Co. Inc. reduced its position in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 5.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 165,289 shares of the company’s stock after selling 9,185 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.57% of Donnelley Financial Solutions worth $10,369,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DFIN. Quarry LP purchased a new position in shares of Donnelley Financial Solutions during the 4th quarter worth approximately $42,000. Aquatic Capital Management LLC acquired a new stake in Donnelley Financial Solutions in the fourth quarter valued at $49,000. Huntington National Bank boosted its position in shares of Donnelley Financial Solutions by 20.7% during the 4th quarter. Huntington National Bank now owns 910 shares of the company’s stock worth $57,000 after purchasing an additional 156 shares in the last quarter. Principal Securities Inc. boosted its position in shares of Donnelley Financial Solutions by 1,537.1% during the 4th quarter. Principal Securities Inc. now owns 1,015 shares of the company’s stock worth $64,000 after purchasing an additional 953 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake 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 worth $73,000 after purchasing an additional 987 shares during the period. Institutional investors and hedge funds own 93.84% of the company’s stock.

Donnelley Financial Solutions Trading Down 1.4%

Shares of DFIN stock opened at $54.59 on Thursday. Donnelley Financial Solutions, Inc. has a fifty-two week low of $37.80 and a fifty-two week high of $71.01. The stock has a market cap of $1.51 billion, a P/E ratio of 17.84 and a beta of 1.04. The business has a fifty day simple moving average of $45.19 and a 200-day simple moving average of $55.12. The company has a quick ratio of 1.15, a current ratio of 1.04 and a debt-to-equity ratio of 0.29.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.54. The firm had revenue of $201.10 million for the quarter, compared to analysts’ expectations of $194.47 million. Donnelley Financial Solutions had a net margin of 11.82% and a return on equity of 20.65%. The firm’s revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.91 EPS.

Wall Street Analysts Forecast Growth

DFIN has been the subject of several recent analyst reports. DA Davidson reiterated a “buy” rating and issued a $72.00 price objective on shares of Donnelley Financial Solutions in a research note on Monday, April 14th. Needham & Company LLC reiterated a “buy” rating and set a $72.00 price target on shares of Donnelley Financial Solutions in a research report on Thursday, May 1st.

Insider Activity

In related news, Director Gary G. Greenfield acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average price of $48.89 per share, with a total value of $48,890.00. Following the completion of the purchase, the director now directly owns 43,128 shares in the company, valued at approximately $2,108,527.92. The trade was a 2.37% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Daniel Leib sold 25,000 shares of Donnelley Financial Solutions stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $50.14, for a total value of $1,253,500.00. Following the sale, the chief executive officer now owns 515,191 shares of the company’s stock, valued at approximately $25,831,676.74. This represents a 4.63% decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.30% of the company’s stock.

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).