Royce & Associates LP Purchases 156,059 Shares of Donnelley Financial Solutions $DFIN

Royce & Associates LP boosted its position in Donnelley Financial Solutions (NYSE:DFIN) by 36.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 590,136 shares of the company’s stock after buying an additional 156,059 shares during the period. Royce & Associates LP’s holdings in Donnelley Financial Solutions were worth $27,553,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DFIN. Alliancebernstein L.P. increased its position in Donnelley Financial Solutions by 1,842.6% in the 2nd quarter. Alliancebernstein L.P. now owns 592,653 shares of the company’s stock valued at $36,537,000 after buying an additional 562,144 shares in the last quarter. Simcoe Capital Management LLC increased its holdings in 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 worth $63,976,000 after purchasing an additional 263,570 shares in the last quarter. Shapiro Capital Management LLC increased its holdings in Donnelley Financial Solutions by 33.1% during the 3rd quarter. Shapiro Capital Management LLC now owns 711,366 shares of the company’s stock worth $36,586,000 after purchasing an additional 176,720 shares in the last quarter. Alberta Investment Management Corp increased its holdings in Donnelley Financial Solutions by 75.0% during the 3rd 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. Finally, Two Sigma Investments LP increased its holdings in Donnelley Financial Solutions by 235.0% during the 3rd quarter. Two Sigma Investments LP now owns 153,846 shares of the company’s stock worth $7,912,000 after purchasing an additional 107,924 shares in the last quarter. 93.84% of the stock is owned by institutional investors.

Insider Buying and Selling at Donnelley Financial Solutions

In other news, insider Eric J. Johnson sold 20,280 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $50.16, for a total value of $1,017,244.80. Following the transaction, the insider owned 116,814 shares in the company, valued at $5,859,390.24. The trade was a 14.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on the company. DA Davidson decreased their price objective on Donnelley Financial Solutions from $66.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Zacks Research lowered Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Finally, Wall Street Zen lowered Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.50.

Donnelley Financial Solutions Stock Performance

Shares of DFIN opened at $39.20 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a 50 day moving average price of $46.35 and a two-hundred day moving average price of $47.50. The firm has a market capitalization of $979.14 million, a P/E ratio of 30.39 and a beta of 0.83. Donnelley Financial Solutions has a 52 week low of $37.07 and a 52 week high of $66.25.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.10. Donnelley Financial Solutions had a return on equity of 24.80% and a net margin of 4.52%.The firm had revenue of $205.50 million during the quarter, compared to analyst estimates of $204.80 million. During the same period in the previous year, the company posted $1.24 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities analysts forecast that Donnelley Financial Solutions will post 4.46 earnings per share for the current fiscal year.

Donnelley Financial Solutions Company Profile

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.