Donnelley Financial Solutions, Inc. (NYSE:DFIN) Position Cut by American Century Companies Inc.

American Century Companies Inc. lessened its holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 14.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 993,634 shares of the company's stock after selling 162,142 shares during the period. American Century Companies Inc. owned about 3.44% of Donnelley Financial Solutions worth $62,331,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Principal Securities Inc. lifted its holdings in Donnelley Financial Solutions by 1,537.1% in the 4th quarter. Principal Securities Inc. now owns 1,015 shares of the company's stock worth $64,000 after buying an additional 953 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Donnelley Financial Solutions by 584.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,156 shares of the company's stock worth $73,000 after acquiring an additional 987 shares during the last quarter. Point72 DIFC Ltd acquired a new position in shares of Donnelley Financial Solutions in the third quarter worth about $74,000. KBC Group NV boosted its holdings in Donnelley Financial Solutions by 52.7% in the fourth quarter. KBC Group NV now owns 1,550 shares of the company's stock valued at $97,000 after purchasing an additional 535 shares during the last quarter. Finally, Vestcor Inc acquired a new stake in Donnelley Financial Solutions during the 4th quarter valued at approximately $121,000. Institutional investors and hedge funds own 93.84% of the company's stock.

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Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DFIN. Needham & Company LLC reaffirmed a "buy" rating and issued a $72.00 target price on shares of Donnelley Financial Solutions in a research report on Friday. DA Davidson cut their price target on shares of Donnelley Financial Solutions from $76.00 to $72.00 and set a "buy" rating on the stock in a report on Thursday, February 20th.

Donnelley Financial Solutions Stock Down 2.8 %

Donnelley Financial Solutions stock traded down $1.26 during midday trading on Friday, hitting $43.83. The stock had a trading volume of 243,994 shares, compared to its average volume of 200,390. The business has a fifty day moving average price of $54.95 and a 200 day moving average price of $60.05. Donnelley Financial Solutions, Inc. has a 12 month low of $41.76 and a 12 month high of $71.01. The stock has a market cap of $1.25 billion, a P/E ratio of 14.32 and a beta of 1.44. 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 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.

Insider Buying and Selling at Donnelley Financial Solutions

In other news, CEO Daniel Leib sold 25,000 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $50.14, for a total transaction of $1,253,500.00. Following the completion of the transaction, the chief executive officer now directly owns 515,191 shares of the company's stock, valued at approximately $25,831,676.74. This represents a 4.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary G. Greenfield purchased 1,000 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was bought at an average cost of $48.89 per share, for a total transaction of $48,890.00. Following the acquisition, the director now owns 43,128 shares in the company, valued at approximately $2,108,527.92. The trade was a 2.37 % increase in their position. The disclosure for this purchase can be found here. 11.90% of the stock is owned by insiders.

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).