Fisher Asset Management LLC Increases Position in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Fisher Asset Management LLC increased its stake in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 24.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103,793 shares of the company's stock after purchasing an additional 20,418 shares during the period. Fisher Asset Management LLC owned approximately 0.36% of Donnelley Financial Solutions worth $6,511,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Dynamic Technology Lab Private Ltd lifted its holdings in Donnelley Financial Solutions by 106.5% during the third quarter. Dynamic Technology Lab Private Ltd now owns 17,836 shares of the company's stock worth $1,174,000 after acquiring an additional 9,197 shares in the last quarter. Choreo LLC bought a new position in Donnelley Financial Solutions during the fourth quarter worth about $265,000. World Investment Advisors LLC bought a new position in Donnelley Financial Solutions during the third quarter worth about $719,000. Harbor Capital Advisors Inc. bought a new position in Donnelley Financial Solutions during the fourth quarter worth about $2,264,000. Finally, Jane Street Group LLC lifted its holdings in Donnelley Financial Solutions by 608.0% during the third quarter. Jane Street Group LLC now owns 66,931 shares of the company's stock worth $4,406,000 after acquiring an additional 57,477 shares in the last quarter. 93.84% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Gary G. Greenfield bought 1,000 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were bought at an average price of $48.89 per share, with a total value of $48,890.00. Following the completion of the transaction, the director now owns 43,128 shares of the company's stock, valued at $2,108,527.92. This trade represents a 2.37 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO David A. Gardella sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, December 17th. The shares were 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 owns 197,406 shares of the company's stock, valued at approximately $12,373,408.08. This trade represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 11.90% of the company's stock.

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Wall Street Analyst Weigh In

DFIN has been the topic of several recent analyst reports. Needham & Company LLC reduced their target price on Donnelley Financial Solutions from $79.00 to $72.00 and set a "buy" rating on the stock in a report on Wednesday, February 19th. DA Davidson reduced their target price on 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 Up 3.0 %

Shares of Donnelley Financial Solutions stock traded up $1.38 during trading on Friday, reaching $47.30. The stock had a trading volume of 442,119 shares, compared to its average volume of 262,325. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 15.46 and a beta of 1.44. The stock has a fifty day moving average price of $59.75 and a two-hundred day moving average price of $62.29. Donnelley Financial Solutions, Inc. has a 52 week low of $45.09 and a 52 week high of $71.01. 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 released its 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.

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).