Intech Investment Management LLC Acquires 10,323 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Intech Investment Management LLC increased its stake in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 111.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,556 shares of the company's stock after acquiring an additional 10,323 shares during the quarter. Intech Investment Management LLC owned approximately 0.07% of Donnelley Financial Solutions worth $1,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of DFIN. Dynamic Technology Lab Private Ltd increased its holdings in Donnelley Financial Solutions by 106.5% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 17,836 shares of the company's stock valued at $1,174,000 after purchasing an additional 9,197 shares during the period. Choreo LLC purchased a new position in shares of Donnelley Financial Solutions during the fourth quarter valued at approximately $265,000. World Investment Advisors LLC bought a new position in shares of Donnelley Financial Solutions during the third quarter valued at approximately $719,000. Harbor Capital Advisors Inc. purchased a new stake in Donnelley Financial Solutions in the fourth quarter worth $2,264,000. Finally, Jane Street Group LLC boosted its holdings in Donnelley Financial Solutions by 608.0% in the third quarter. Jane Street Group LLC now owns 66,931 shares of the company's stock valued at $4,406,000 after acquiring an additional 57,477 shares in the last quarter. 93.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Needham & Company LLC dropped their target price on shares of Donnelley Financial Solutions from $79.00 to $72.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. DA Davidson cut their price objective on Donnelley Financial Solutions from $76.00 to $72.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th.

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Insider Buying and Selling

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 shares were sold at an average price of $50.14, for a total value of $1,253,500.00. Following the transaction, the chief executive officer now owns 515,191 shares in the company, valued at approximately $25,831,676.74. This represents a 4.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gary G. Greenfield purchased 1,000 shares of the business's stock in a transaction dated 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 acquisition, the director now owns 43,128 shares of the company's stock, valued at approximately $2,108,527.92. The trade was a 2.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.90% of the stock is currently owned by company insiders.

Donnelley Financial Solutions Stock Down 0.9 %

Donnelley Financial Solutions stock traded down $0.40 on Wednesday, hitting $45.25. 349,150 shares of the stock traded hands, compared to its average volume of 193,695. The business's fifty day simple moving average is $55.98 and its 200 day simple moving average is $60.45. The firm has a market cap of $1.29 billion, a P/E ratio of 14.79 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, Inc. has a 1 year low of $41.76 and a 1 year high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 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 business 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).