Donnelley Financial Solutions $DFIN Stake Lowered by Vanguard Group Inc.

Vanguard Group Inc. reduced its stake in shares of Donnelley Financial Solutions (NYSE:DFINFree Report) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,830,788 shares of the company’s stock after selling 36,445 shares during the period. Vanguard Group Inc. owned 0.07% of Donnelley Financial Solutions worth $85,479,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DFIN. Alliancebernstein L.P. grew its holdings in shares of Donnelley Financial Solutions by 1,842.6% during the 2nd quarter. Alliancebernstein L.P. now owns 592,653 shares of the company’s stock valued at $36,537,000 after acquiring an additional 562,144 shares in the last quarter. Royce & Associates LP grew its holdings in shares of Donnelley Financial Solutions by 156.2% during the 3rd quarter. Royce & Associates LP now owns 434,077 shares of the company’s stock valued at $22,325,000 after acquiring an additional 264,659 shares in the last quarter. Simcoe Capital Management LLC grew its holdings in shares of Donnelley Financial Solutions by 34.0% during the 2nd quarter. Simcoe Capital Management LLC now owns 1,037,735 shares of the company’s stock valued at $63,976,000 after acquiring an additional 263,570 shares in the last quarter. Shapiro Capital Management LLC grew its holdings in shares of Donnelley Financial Solutions by 33.1% during the 3rd quarter. Shapiro Capital Management LLC now owns 711,366 shares of the company’s stock valued at $36,586,000 after acquiring an additional 176,720 shares in the last quarter. Finally, Alberta Investment Management Corp boosted its holdings in Donnelley Financial Solutions by 75.0% in the third quarter. Alberta Investment Management Corp now owns 350,000 shares of the company’s stock worth $18,000,000 after purchasing an additional 150,000 shares in the last quarter. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

Donnelley Financial Solutions Trading Down 5.2%

Shares of NYSE:DFIN opened at $38.49 on Thursday. The stock has a market capitalization of $961.48 million, a PE ratio of 29.84 and a beta of 0.83. Donnelley Financial Solutions has a 1 year low of $37.07 and a 1 year high of $66.25. The firm has a fifty day moving average price of $48.11 and a 200 day moving average price of $48.01. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.59.

Donnelley Financial Solutions (NYSE:DFINGet Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.10. The firm had revenue of $205.50 million during the quarter, compared to analysts’ expectations of $204.80 million. Donnelley Financial Solutions had a net margin of 4.52% and a return on equity of 24.80%. Donnelley Financial Solutions’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.24 earnings per share. Analysts expect that Donnelley Financial Solutions will post 4.12 EPS for the current fiscal year.

Insider Transactions at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, insider Eric J. Johnson sold 20,280 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $50.16, for a total transaction of $1,017,244.80. Following the completion of the sale, the insider directly owned 116,814 shares in the company, valued at $5,859,390.24. This represents a 14.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DFIN. DA Davidson decreased their price objective on shares of Donnelley Financial Solutions from $66.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Needham & Company LLC reiterated a “buy” rating and issued a $57.00 price objective on shares of Donnelley Financial Solutions in a report on Wednesday, January 14th. Wall Street Zen cut shares of Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Zacks Research cut shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.50.

View Our Latest Analysis on Donnelley Financial Solutions

Donnelley Financial Solutions Profile

(Free Report)

Donnelley Financial Solutions (NYSE:DFIN) offers risk and compliance software and managed services designed to help corporations, financial institutions and legal firms meet regulatory and reporting requirements worldwide. Headquartered in Chicago, the company delivers a cloud-based platform for regulatory filings, content automation, virtual data rooms and board communications. Its solutions are tailored to support public companies with SEC, FCA and other global filing obligations, as well as banks, asset managers and credit unions seeking to streamline compliance workflows.

Among DFIN’s flagship products is ActiveDisclosure, a SaaS application that automates the creation, review and filing of disclosure documents.

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Institutional Ownership by Quarter for Donnelley Financial Solutions (NYSE:DFIN)

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