Sei Investments Co. Sells 11,557 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Sei Investments Co. lowered its stake in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 33.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,838 shares of the company's stock after selling 11,557 shares during the quarter. Sei Investments Co. owned about 0.08% of Donnelley Financial Solutions worth $1,433,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in shares of Donnelley Financial Solutions in the 4th quarter valued at approximately $10,373,000. Jane Street Group LLC increased its stake 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 during the last quarter. William Blair Investment Management LLC raised its position in Donnelley Financial Solutions by 16.7% during the fourth quarter. William Blair Investment Management LLC now owns 375,729 shares of the company's stock valued at $23,569,000 after purchasing an additional 53,665 shares in the last quarter. JPMorgan Chase & Co. lifted its stake 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 last quarter. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of Donnelley Financial Solutions in the 4th quarter valued at $2,264,000. Institutional investors own 93.84% of the company's stock.

Analyst Ratings Changes

DFIN has been the subject of a number of research analyst reports. Needham & Company LLC reissued a "buy" rating and set a $72.00 price target on shares of Donnelley Financial Solutions in a report on Friday, March 28th. DA Davidson decreased their target price 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.

Donnelley Financial Solutions Price Performance

Donnelley Financial Solutions stock traded down $0.69 during mid-day trading on Friday, reaching $39.99. The company had a trading volume of 843,447 shares, compared to its average volume of 212,646. The business has a fifty day simple moving average of $49.52 and a 200 day simple moving average of $58.07. The company has a market cap of $1.14 billion, a P/E ratio of 13.07 and a beta of 1.23. 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 fifty-two week low of $37.82 and a fifty-two week high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last released 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 firm had revenue of $156.30 million for the quarter, compared to analyst estimates of $169.20 million.

Insider Transactions at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, Director Gary G. Greenfield purchased 1,000 shares of the business's stock in a transaction dated Friday, February 21st. The shares were bought at an average price of $48.89 per share, for a total transaction of $48,890.00. Following the completion of the acquisition, the director now owns 43,128 shares in the company, valued at approximately $2,108,527.92. This trade represents a 2.37 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Daniel Leib sold 25,000 shares of the business's stock in a transaction on 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 sale, the chief executive officer now directly owns 515,191 shares in the company, valued at approximately $25,831,676.74. This represents a 4.63 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 11.90% of the company's stock.

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).