Royce & Associates LP Sells 47,659 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Royce & Associates LP lessened its position in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 49.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,969 shares of the company's stock after selling 47,659 shares during the period. Royce & Associates LP owned approximately 0.17% of Donnelley Financial Solutions worth $3,072,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Securities Inc. increased its holdings in shares of Donnelley Financial Solutions by 1,537.1% in the 4th quarter. Principal Securities Inc. now owns 1,015 shares of the company's stock worth $64,000 after buying an additional 953 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Donnelley Financial Solutions by 584.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,156 shares of the company's stock worth $73,000 after buying an additional 987 shares during the last quarter. Point72 DIFC Ltd bought a new position in shares of Donnelley Financial Solutions in the 3rd quarter worth $74,000. KBC Group NV increased its holdings in shares of Donnelley Financial Solutions by 52.7% in the 4th quarter. KBC Group NV now owns 1,550 shares of the company's stock worth $97,000 after buying an additional 535 shares during the last quarter. Finally, Vestcor Inc bought a new position in shares of Donnelley Financial Solutions in the 4th quarter worth $121,000. Institutional investors own 93.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DFIN. Needham & Company LLC decreased their price target on shares of 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 decreased their price target 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.

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Donnelley Financial Solutions Trading Up 0.3 %

Shares of Donnelley Financial Solutions stock traded up $0.15 during trading on Friday, reaching $44.63. The company's stock had a trading volume of 935,890 shares, compared to its average volume of 191,425. Donnelley Financial Solutions, Inc. has a 52-week low of $41.76 and a 52-week high of $71.01. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 14.59 and a beta of 1.44. The firm's 50-day moving average is $56.56 and its two-hundred day moving average is $60.76. The company has a quick ratio of 1.15, a current ratio of 1.04 and a debt-to-equity ratio of 0.29.

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 (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $156.30 million during the quarter, compared to analysts' expectations of $169.20 million.

Insider Activity

In other Donnelley Financial Solutions news, CEO Daniel Leib sold 25,000 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $50.14, for a total transaction of $1,253,500.00. Following the completion of the sale, the chief executive officer now owns 515,191 shares of the company's stock, valued at $25,831,676.74. This represents a 4.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 cost of $48.89 per share, with a total value of $48,890.00. Following the transaction, the director now directly owns 43,128 shares in the company, valued at $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. 11.90% of the stock is owned by corporate insiders.

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).