Allspring Global Investments Holdings LLC Reduces Holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Allspring Global Investments Holdings LLC cut its holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 149,337 shares of the company's stock after selling 10,253 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.52% of Donnelley Financial Solutions worth $9,068,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Inspire Investing LLC increased its holdings in shares of Donnelley Financial Solutions by 2.8% during the fourth quarter. Inspire Investing LLC now owns 6,413 shares of the company's stock valued at $402,000 after acquiring an additional 177 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Donnelley Financial Solutions by 1.4% during the third quarter. Thrivent Financial for Lutherans now owns 20,975 shares of the company's stock valued at $1,381,000 after acquiring an additional 289 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Donnelley Financial Solutions by 3.1% during the third quarter. Empowered Funds LLC now owns 10,768 shares of the company's stock valued at $709,000 after acquiring an additional 320 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Donnelley Financial Solutions by 3.2% during the third quarter. Louisiana State Employees Retirement System now owns 12,900 shares of the company's stock valued at $849,000 after acquiring an additional 400 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of Donnelley Financial Solutions by 781.5% during the third quarter. Farther Finance Advisors LLC now owns 476 shares of the company's stock valued at $31,000 after acquiring an additional 422 shares in the last quarter. 93.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. B. Riley decreased their price objective on Donnelley Financial Solutions from $80.00 to $70.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Needham & Company LLC decreased their price objective on Donnelley Financial Solutions from $79.00 to $72.00 and set a "buy" rating for the company in a report on Wednesday. Finally, DA Davidson decreased their price target on Donnelley Financial Solutions from $76.00 to $72.00 and set a "buy" rating for the company in a report on Thursday.

Donnelley Financial Solutions Stock Down 3.0 %

Donnelley Financial Solutions stock traded down $1.49 during trading on Friday, hitting $48.51. 522,643 shares of the company were exchanged, compared to its average volume of 233,191. The business's 50 day moving average is $62.73 and its 200 day moving average is $63.44. Donnelley Financial Solutions, Inc. has a 52 week low of $47.94 and a 52 week high of $71.01. The company has a market capitalization of $1.39 billion, a P/E ratio of 15.85 and a beta of 1.36. The company has a current ratio of 1.04, a quick ratio of 1.15 and a debt-to-equity ratio of 0.29.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.22). Donnelley Financial Solutions had a return on equity of 20.65% and a net margin of 11.82%. The company had revenue of $156.30 million for the quarter, compared to the consensus estimate of $169.20 million.

Insider Buying and Selling at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, CFO David A. Gardella sold 3,000 shares of the company's stock in a transaction 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 transaction, the chief financial officer now owns 197,406 shares in the company, valued at $12,373,408.08. This represents a 1.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 11.90% of the company's stock.

Donnelley Financial Solutions Company 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).