Burney Co. Has $10.57 Million Holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Burney Co. lessened its stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 168,421 shares of the company's stock after selling 14,390 shares during the quarter. Burney Co. owned approximately 0.58% of Donnelley Financial Solutions worth $10,565,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp lifted its stake in Donnelley Financial Solutions by 0.4% in the third quarter. State Street Corp now owns 1,060,700 shares of the company's stock valued at $69,826,000 after acquiring an additional 4,279 shares during the last quarter. Rice Hall James & Associates LLC lifted its stake in Donnelley Financial Solutions by 2.8% in the 3rd quarter. Rice Hall James & Associates LLC now owns 899,567 shares of the company's stock valued at $59,218,000 after purchasing an additional 24,869 shares during the last quarter. Geode Capital Management LLC lifted its stake in Donnelley Financial Solutions by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 593,239 shares of the company's stock valued at $39,061,000 after purchasing an additional 20,652 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in 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. Finally, Charles Schwab Investment Management Inc. raised its stake in Donnelley Financial Solutions by 6.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 351,412 shares of the company's stock valued at $23,133,000 after buying an additional 19,740 shares during the period. 93.84% of the stock is owned by institutional investors.

Donnelley Financial Solutions Stock Performance

Shares of Donnelley Financial Solutions stock traded up $0.81 on Wednesday, hitting $61.45. The stock had a trading volume of 184,866 shares, compared to its average volume of 146,463. The business's 50 day moving average is $60.97 and its two-hundred day moving average is $63.33. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 19.20 and a beta of 1.38. Donnelley Financial Solutions, Inc. has a twelve month low of $56.02 and a twelve 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.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.28). Donnelley Financial Solutions had a return on equity of 22.70% and a net margin of 12.06%. The firm had revenue of $179.50 million for the quarter, compared to analyst estimates of $181.55 million. During the same period in the prior year, the business posted $0.58 EPS. The firm's quarterly revenue was down .3% compared to the same quarter last year. Analysts forecast that Donnelley Financial Solutions, Inc. will post 3.23 EPS for the current year.

Insiders Place Their Bets

In other news, Director Jeffrey Jacobowitz sold 234,041 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $58.47, for a total transaction of $13,684,377.27. Following the sale, the director now directly owns 774,165 shares of the company's stock, valued at approximately $45,265,427.55. This represents a 23.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO David A. Gardella sold 3,000 shares of the company's stock in a transaction dated 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. This represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 11.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Needham & Company LLC reissued a "buy" rating and set a $79.00 target price on shares of Donnelley Financial Solutions in a report on Wednesday. B. Riley decreased their price objective on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th.

Donnelley Financial Solutions 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).