William Blair Investment Management LLC Acquires New Position in Donnelley Financial Solutions $DFIN

William Blair Investment Management LLC acquired a new position in shares of Donnelley Financial Solutions (NYSE:DFIN – Free Report) during the second quarter, HoldingsChannel reports. The fund acquired 631,933 shares of the company’s stock, valued at approximately $26,510,000.

A number of other hedge funds also recently added to or reduced their stakes in DFIN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Donnelley Financial Solutions by 13.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,683 shares of the company’s stock valued at $729,000 after acquiring an additional 2,005 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Donnelley Financial Solutions by 1.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 101,954 shares of the company’s stock worth $4,456,000 after acquiring an additional 1,674 shares during the period. Jane Street Group LLC acquired a new stake in shares of Donnelley Financial Solutions in the 1st quarter worth approximately $2,698,000. Intech Investment Management LLC increased its stake in Donnelley Financial Solutions by 34.4% in the 1st quarter. Intech Investment Management LLC now owns 26,290 shares of the company’s stock valued at $1,149,000 after purchasing an additional 6,734 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Donnelley Financial Solutions by 22.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 76,988 shares of the company’s stock valued at $4,746,000 after purchasing an additional 14,303 shares in the last quarter. 93.84% of the stock is owned by hedge funds and other institutional investors.

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Donnelley Financial Solutions Trading Down 0.7%

Shares of Donnelley Financial Solutions stock opened at $48.19 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.33 and a quick ratio of 1.33. Donnelley Financial Solutions has a 1 year low of $36.11 and a 1 year high of $57.88. The company has a market capitalization of $1.18 billion, a P/E ratio of 33.23 and a beta of 0.71. The business has a 50 day moving average price of $45.98 and a 200 day moving average price of $45.68.

Donnelley Financial Solutions (NYSE:DFIN – Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The firm had revenue of $224.20 million for the quarter, compared to analysts’ expectations of $221.40 million. Donnelley Financial Solutions had a return on equity of 25.82% and a net margin of 4.53%.Donnelley Financial Solutions’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.49 EPS. Sell-side analysts anticipate that Donnelley Financial Solutions will post 4.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on DFIN shares. Needham & Company LLC boosted their target price on Donnelley Financial Solutions from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Wall Street Zen cut Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 27th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research note on Friday, June 12th. Zacks Research lowered shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Finally, DA Davidson lowered their price objective on shares of Donnelley Financial Solutions from $66.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.00.

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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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