Donnelley Financial Solutions, Inc. (NYSE:DFIN) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC reduced its position in Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 45.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,728 shares of the company's stock after selling 6,398 shares during the quarter. HighTower Advisors LLC's holdings in Donnelley Financial Solutions were worth $485,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Amundi increased its stake in Donnelley Financial Solutions by 175.5% in the 4th quarter. Amundi now owns 12,955 shares of the company's stock worth $770,000 after buying an additional 8,253 shares during the period. PNC Financial Services Group Inc. raised its position in Donnelley Financial Solutions by 556.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 37,661 shares of the company's stock valued at $2,362,000 after purchasing an additional 31,926 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Donnelley Financial Solutions in the 4th quarter worth $10,373,000. Assetmark Inc. grew its position in shares of Donnelley Financial Solutions by 16.3% during the 4th quarter. Assetmark Inc. now owns 52,200 shares of the company's stock worth $3,275,000 after buying an additional 7,327 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Donnelley Financial Solutions by 15.5% in the fourth quarter. Victory Capital Management Inc. now owns 34,782 shares of the company's stock valued at $2,182,000 after acquiring an additional 4,676 shares in the last quarter. Institutional investors own 93.84% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. DA Davidson dropped their target price 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. Needham & Company LLC reissued a "buy" rating and set a $72.00 price objective on shares of Donnelley Financial Solutions in a report on Friday, March 28th.

Insider Buying and Selling

In related news, CEO Daniel Leib sold 25,000 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $50.14, for a total value of $1,253,500.00. Following the completion of the transaction, the chief executive officer now owns 515,191 shares in the company, valued at $25,831,676.74. This trade represents a 4.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gary G. Greenfield purchased 1,000 shares of the company's stock in a transaction on Friday, February 21st. The shares were purchased at an average price of $48.89 per share, for a total transaction of $48,890.00. Following the purchase, 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 company insiders.

Donnelley Financial Solutions Stock Down 4.7 %

Shares of NYSE:DFIN traded down $2.10 during trading on Thursday, reaching $42.73. The stock had a trading volume of 77,772 shares, compared to its average volume of 292,772. The firm's 50-day simple moving average is $53.74 and its 200 day simple moving average is $59.56. 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, Inc. has a one year low of $41.76 and a one year high of $71.01. The company has a market capitalization of $1.22 billion, a P/E ratio of 13.96 and a beta of 1.23.

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

About Donnelley Financial Solutions

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).