Bridges Investment Management Inc. Increases Holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Bridges Investment Management Inc. grew its holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 40.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 8,478 shares of the company’s stock after acquiring an additional 2,449 shares during the period. Bridges Investment Management Inc.’s holdings in Donnelley Financial Solutions were worth $532,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in DFIN. Louisiana State Employees Retirement System lifted its position in shares of Donnelley Financial Solutions by 3.2% in the third quarter. Louisiana State Employees Retirement System now owns 12,900 shares of the company’s stock valued at $849,000 after acquiring an additional 400 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Donnelley Financial Solutions by 4.2% in the third quarter. State of Alaska Department of Revenue now owns 15,242 shares of the company’s stock worth $1,003,000 after purchasing an additional 611 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Donnelley Financial Solutions by 781.5% in the third quarter. Farther Finance Advisors LLC now owns 476 shares of the company’s stock worth $31,000 after purchasing an additional 422 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Donnelley Financial Solutions by 2.6% in the third quarter. Janney Montgomery Scott LLC now owns 56,507 shares of the company’s stock worth $3,720,000 after purchasing an additional 1,423 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in shares of Donnelley Financial Solutions by 8.3% in the third quarter. Assetmark Inc. now owns 44,873 shares of the company’s stock worth $2,954,000 after purchasing an additional 3,420 shares during the last quarter. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

Donnelley Financial Solutions Trading Up 2.3 %

Shares of NYSE DFIN opened at $49.59 on Monday. The business’s 50 day moving average is $61.27 and its two-hundred day moving average is $62.91. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.04 and a quick ratio of 1.15. Donnelley Financial Solutions, Inc. has a 1-year low of $47.94 and a 1-year high of $71.01. The stock has a market capitalization of $1.42 billion, a P/E ratio of 16.21 and a beta of 1.36.

Donnelley Financial Solutions (NYSE:DFIN) last issued 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 return on equity of 20.65% and a net margin of 11.82%. The company had revenue of $156.30 million for the quarter, compared to the consensus estimate of $169.20 million.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DFIN shares. Needham & Company LLC reduced their target price on 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 reduced their target price 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. Finally, B. Riley reduced their target price on Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th.

Insider Activity

In related news, CEO Daniel Leib sold 25,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 515,191 shares in the company, valued at approximately $25,831,676.74. The trade was a 4.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David A. Gardella sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $62.68, for a total value of $188,040.00. Following the completion of the sale, the chief financial officer now owns 197,406 shares of the company’s stock, valued at $12,373,408.08. The trade was a 1.50 % decrease in their position. The disclosure for this sale can be found here. 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).