Man Group plc Reduces Stock Position in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Man Group plc cut its position in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,055 shares of the company’s stock after selling 3,581 shares during the quarter. Man Group plc owned about 0.32% of Donnelley Financial Solutions worth $5,775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Frontier Capital Management Co. LLC bought a new position in shares of Donnelley Financial Solutions during the 4th quarter valued at $26,329,000. Public Employees Retirement Association of Colorado lifted its position in shares of Donnelley Financial Solutions by 5,062.5% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 198,239 shares of the company’s stock worth $12,436,000 after purchasing an additional 194,399 shares during the period. Raymond James Financial Inc. purchased a new position in Donnelley Financial Solutions during the 4th quarter valued at about $10,373,000. Winmill & CO. Inc. purchased a new position in Donnelley Financial Solutions during the 4th quarter valued at about $7,841,000. Finally, Millennium Management LLC raised its holdings in Donnelley Financial Solutions by 123.5% in the fourth quarter. Millennium Management LLC now owns 223,006 shares of the company’s stock worth $13,989,000 after buying an additional 123,239 shares during the last quarter. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

Donnelley Financial Solutions Trading Down 0.4%

Shares of DFIN opened at $55.05 on Wednesday. Donnelley Financial Solutions, Inc. has a 1-year low of $37.80 and a 1-year high of $71.01. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.04 and a quick ratio of 1.15. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 17.99 and a beta of 1.04. The company has a 50-day moving average of $46.04 and a 200 day moving average of $54.91.

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

Insider Buying and Selling

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

Analyst Ratings Changes

A number of brokerages have recently commented on DFIN. Needham & Company LLC reiterated a “buy” rating and issued a $72.00 price target on shares of Donnelley Financial Solutions in a research note on Thursday, May 1st. DA Davidson reissued a “buy” rating and issued a $72.00 price objective on shares of Donnelley Financial Solutions in a research note on Monday, April 14th.

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).