Raymond James Financial Inc. Takes Position in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Raymond James Financial Inc. bought a new stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 165,360 shares of the company's stock, valued at approximately $10,373,000. Raymond James Financial Inc. owned approximately 0.57% of Donnelley Financial Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. Inspire Investing LLC increased its position in shares of Donnelley Financial Solutions by 2.8% in the 4th quarter. Inspire Investing LLC now owns 6,413 shares of the company's stock valued at $402,000 after buying an additional 177 shares in the last quarter. New York State Teachers Retirement System grew its position in shares of Donnelley Financial Solutions by 0.4% in the 4th quarter. New York State Teachers Retirement System now owns 52,025 shares of the company's stock valued at $3,264,000 after purchasing an additional 182 shares during the period. Thrivent Financial for Lutherans raised its holdings in Donnelley Financial Solutions by 1.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 20,975 shares of the company's stock worth $1,381,000 after buying an additional 289 shares during the period. Empowered Funds LLC lifted its stake in Donnelley Financial Solutions by 3.1% in the third quarter. Empowered Funds LLC now owns 10,768 shares of the company's stock valued at $709,000 after buying an additional 320 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its position in shares of Donnelley Financial Solutions by 3.6% during the fourth quarter. Sanctuary Advisors LLC now owns 11,214 shares of the company's stock worth $752,000 after acquiring an additional 387 shares in the last quarter. 93.84% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Donnelley Financial Solutions Stock Up 2.2 %

Donnelley Financial Solutions stock traded up $1.00 during mid-day trading on Monday, reaching $45.56. The company's stock had a trading volume of 432,214 shares, compared to its average volume of 192,388. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.15 and a current ratio of 1.04. Donnelley Financial Solutions, Inc. has a 12 month low of $41.76 and a 12 month high of $71.01. The business's 50 day simple moving average is $56.56 and its 200 day simple moving average is $60.72. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 14.89 and a beta of 1.44.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last announced its quarterly earnings data 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). Donnelley Financial Solutions had a net margin of 11.82% and a return on equity of 20.65%. The company had revenue of $156.30 million during the quarter, compared to the consensus estimate of $169.20 million.

Analyst Ratings Changes

Several research firms recently commented on DFIN. Needham & Company LLC cut their price objective on shares of Donnelley Financial Solutions from $79.00 to $72.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. DA Davidson cut their price target 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.

Insider Transactions at Donnelley Financial Solutions

In related news, CEO Daniel Leib sold 25,000 shares of Donnelley Financial Solutions stock in a transaction dated 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 owns 515,191 shares in the company, valued at approximately $25,831,676.74. This trade represents a 4.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gary G. Greenfield acquired 1,000 shares of the company's stock in a transaction on Friday, February 21st. The stock was acquired at an average price of $48.89 per share, for a total transaction of $48,890.00. Following the purchase, the director now directly owns 43,128 shares of the company's stock, valued at approximately $2,108,527.92. This trade represents a 2.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 11.90% of the company's stock.

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).