abrdn plc Sells 76,002 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

abrdn plc reduced its position in Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 17.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 360,541 shares of the company's stock after selling 76,002 shares during the quarter. abrdn plc owned about 1.25% of Donnelley Financial Solutions worth $22,696,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Marshall Wace LLP acquired a new stake in Donnelley Financial Solutions in the second quarter valued at approximately $346,000. The Manufacturers Life Insurance Company grew its position in Donnelley Financial Solutions by 5.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,976 shares of the company's stock worth $893,000 after acquiring an additional 751 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Donnelley Financial Solutions in the second quarter valued at about $615,000. SG Americas Securities LLC acquired a new position in shares of Donnelley Financial Solutions in the third quarter valued at approximately $1,190,000. Finally, Inspire Investing LLC grew its holdings in Donnelley Financial Solutions by 5.2% during the 3rd quarter. Inspire Investing LLC now owns 6,236 shares of the company's stock worth $411,000 after acquiring an additional 310 shares during the last quarter. Institutional investors own 93.84% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on DFIN shares. Needham & Company LLC reaffirmed a "buy" rating and set a $79.00 target price on shares of Donnelley Financial Solutions in a report on Wednesday, January 15th. B. Riley decreased their price objective on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th.

Donnelley Financial Solutions Stock Up 0.4 %

Shares of NYSE DFIN opened at $67.28 on Tuesday. Donnelley Financial Solutions, Inc. has a 12-month low of $56.02 and a 12-month high of $71.01. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.28. The firm has a market cap of $1.94 billion, a PE ratio of 21.03 and a beta of 1.36. The company's fifty day simple moving average is $62.82 and its 200 day simple moving average is $63.80.

Insider Buying and Selling at Donnelley Financial Solutions

In other news, CFO David A. Gardella sold 3,000 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $62.68, for a total value of $188,040.00. Following the completion of the sale, the chief financial officer now directly owns 197,406 shares of the company's stock, valued at $12,373,408.08. This represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 11.90% 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).