American Century Companies Inc. Lowers Position in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

American Century Companies Inc. trimmed its position in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 14.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 993,634 shares of the company’s stock after selling 162,142 shares during the quarter. American Century Companies Inc. owned approximately 3.44% of Donnelley Financial Solutions worth $62,331,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Inspire Investing LLC boosted its position in Donnelley Financial Solutions by 2.8% during the fourth quarter. Inspire Investing LLC now owns 6,413 shares of the company’s stock worth $402,000 after purchasing an additional 177 shares in the last quarter. New York State Teachers Retirement System lifted its position in shares of Donnelley Financial Solutions by 0.4% during 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 buying an additional 182 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Donnelley Financial Solutions by 1.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 20,975 shares of the company’s stock valued at $1,381,000 after acquiring an additional 289 shares during the period. Sanctuary Advisors LLC increased its holdings in Donnelley Financial Solutions by 3.6% in the 4th 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. Finally, KBC Group NV raised its position in Donnelley Financial Solutions by 52.7% during the fourth quarter. KBC Group NV now owns 1,550 shares of the company’s stock worth $97,000 after acquiring an additional 535 shares during the period. 93.84% of the stock is currently owned by institutional investors and hedge funds.

Donnelley Financial Solutions Stock Performance

DFIN opened at $45.70 on Wednesday. Donnelley Financial Solutions, Inc. has a twelve month low of $41.76 and a twelve month high of $71.01. The firm has a market capitalization of $1.31 billion, a PE ratio of 14.93 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. The firm’s 50-day moving average price is $56.28 and its 200 day moving average price is $60.58.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.22). The company had revenue of $156.30 million during the quarter, compared to analyst estimates of $169.20 million. Donnelley Financial Solutions had a net margin of 11.82% and a return on equity of 20.65%.

Insider Transactions at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, CEO Daniel Leib sold 25,000 shares of the firm’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 owns 515,191 shares of the company’s stock, valued at $25,831,676.74. This trade represents a 4.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary G. Greenfield purchased 1,000 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was acquired at an average cost of $48.89 per share, for a total transaction of $48,890.00. Following the purchase, the director now owns 43,128 shares in the company, 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. Insiders own 11.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on DFIN shares. DA Davidson cut their target price on shares of Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Needham & Company LLC reduced their target price on Donnelley Financial Solutions from $79.00 to $72.00 and set a “buy” rating for the company in a report on Wednesday, February 19th.

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).