68,494 Shares in Donnelley Financial Solutions $DFIN Acquired by Globeflex Capital L P

Globeflex Capital L P acquired a new position in shares of Donnelley Financial Solutions (NYSE:DFIN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 68,494 shares of the company’s stock, valued at approximately $2,873,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Citizens Bank & Trust Co. raised its holdings in shares of Donnelley Financial Solutions by 2.8% during the 4th quarter. First Citizens Bank & Trust Co. now owns 8,120 shares of the company’s stock worth $379,000 after acquiring an additional 220 shares during the period. Gotham Asset Management LLC grew its holdings in shares of Donnelley Financial Solutions by 1.3% in the third quarter. Gotham Asset Management LLC now owns 18,256 shares of the company’s stock valued at $939,000 after purchasing an additional 230 shares during the period. Lido Advisors LLC grew its holdings in shares of Donnelley Financial Solutions by 5.0% in the fourth quarter. Lido Advisors LLC now owns 4,857 shares of the company’s stock valued at $244,000 after purchasing an additional 231 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in Donnelley Financial Solutions by 3.1% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,825 shares of the company’s stock worth $365,000 after purchasing an additional 232 shares during the last quarter. Finally, Osaic Holdings Inc. increased its position in Donnelley Financial Solutions by 4.2% during the second quarter. Osaic Holdings Inc. now owns 6,296 shares of the company’s stock worth $367,000 after purchasing an additional 252 shares during the last quarter. 93.84% of the stock is owned by institutional investors and hedge funds.

Donnelley Financial Solutions Price Performance

Donnelley Financial Solutions stock opened at $48.19 on Monday. The company’s 50 day simple moving average is $45.98 and its 200-day simple moving average is $45.64. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.33 and a current ratio of 1.33. Donnelley Financial Solutions has a 1 year low of $36.11 and a 1 year high of $57.88. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 33.23 and a beta of 0.71.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. Donnelley Financial Solutions had a net margin of 4.53% and a return on equity of 25.82%. The firm had revenue of $224.20 million during the quarter, compared to analysts’ expectations of $221.40 million. During the same quarter last year, the company posted $1.49 EPS. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, equities research analysts expect that Donnelley Financial Solutions will post 4.41 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. DA Davidson decreased their target price on shares of Donnelley Financial Solutions from $66.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Zacks Research downgraded shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Needham & Company LLC lifted their price target on shares of Donnelley Financial Solutions from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Wall Street Zen lowered Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 27th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $61.00.

About Donnelley Financial Solutions

Donnelley Financial Solutions (NYSE:DFIN) offers risk and compliance software and managed services designed to help corporations, financial institutions and legal firms meet regulatory and reporting requirements worldwide. Headquartered in Chicago, the company delivers a cloud-based platform for regulatory filings, content automation, virtual data rooms and board communications. Its solutions are tailored to support public companies with SEC, FCA and other global filing obligations, as well as banks, asset managers and credit unions seeking to streamline compliance workflows.

Among DFIN’s flagship products is ActiveDisclosure, a SaaS application that automates the creation, review and filing of disclosure documents.