Alberta Investment Management Corp trimmed its position in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 8.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 186,165 shares of the company's stock after selling 16,124 shares during the period. Alberta Investment Management Corp owned about 0.65% of Donnelley Financial Solutions worth $11,678,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the company. Jane Street Group LLC boosted its holdings in Donnelley Financial Solutions by 608.0% in the third quarter. Jane Street Group LLC now owns 66,931 shares of the company's stock valued at $4,406,000 after purchasing an additional 57,477 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Donnelley Financial Solutions by 11.3% during the third quarter. JPMorgan Chase & Co. now owns 454,284 shares of the company's stock worth $29,906,000 after purchasing an additional 46,273 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in shares of Donnelley Financial Solutions during the fourth quarter worth $2,264,000. Rice Hall James & Associates LLC lifted its holdings in shares of Donnelley Financial Solutions by 2.8% during the third quarter. Rice Hall James & Associates LLC now owns 899,567 shares of the company's stock worth $59,218,000 after purchasing an additional 24,869 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Donnelley Financial Solutions by 16.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 159,590 shares of the company's stock worth $10,506,000 after purchasing an additional 22,390 shares during the period. 93.84% of the stock is currently owned by hedge funds and other institutional investors.
Donnelley Financial Solutions Trading Down 2.7 %
Shares of NYSE DFIN traded down $1.33 during midday trading on Friday, hitting $48.68. The stock had a trading volume of 296,860 shares, compared to its average volume of 225,724. The company has a quick ratio of 1.15, a current ratio of 1.04 and a debt-to-equity ratio of 0.29. Donnelley Financial Solutions, Inc. has a 1-year low of $47.94 and a 1-year high of $71.01. The company has a fifty day moving average price of $62.73 and a 200 day moving average price of $63.44. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 15.92 and a beta of 1.36.
Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.48 by ($0.22). Donnelley Financial Solutions had a net margin of 11.82% and a return on equity of 20.65%. The firm had revenue of $156.30 million during the quarter, compared to the consensus estimate of $169.20 million.
Insiders Place Their Bets
In other news, CFO David A. Gardella sold 3,000 shares of the business's stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $62.68, for a total transaction of $188,040.00. Following the sale, the chief financial officer now directly owns 197,406 shares of the company's stock, valued at $12,373,408.08. The trade was a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.90% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
DFIN has been the subject of several research analyst reports. Needham & Company LLC cut their price objective on Donnelley Financial Solutions from $79.00 to $72.00 and set a "buy" rating for the company in a research report on Wednesday. DA Davidson cut their price objective on Donnelley Financial Solutions from $76.00 to $72.00 and set a "buy" rating for the company in a research report on Thursday. Finally, B. Riley cut their price objective on 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.
Check Out Our Latest Research Report on DFIN
Donnelley Financial Solutions Company Profile
(
Free Report)
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).
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