Canada Pension Plan Investment Board Makes New $822,000 Investment in Donnelley Financial Solutions $DFIN

Canada Pension Plan Investment Board acquired a new position in Donnelley Financial Solutions (NYSE:DFIN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,600 shares of the company’s stock, valued at approximately $822,000.

A number of other hedge funds have also made changes to their positions in the business. Keating Financial Advisory Services Inc. acquired a new position in shares of Donnelley Financial Solutions during the 2nd quarter valued at $29,000. Blue Trust Inc. increased its holdings in Donnelley Financial Solutions by 109.4% in the 1st quarter. Blue Trust Inc. now owns 643 shares of the company’s stock valued at $30,000 after purchasing an additional 336 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Donnelley Financial Solutions in the 4th quarter valued at $70,000. Vestcor Inc purchased a new position in Donnelley Financial Solutions in the third quarter valued at about $160,000. Finally, LSV Asset Management raised its position in Donnelley Financial Solutions by 117.6% in the fourth quarter. LSV Asset Management now owns 3,700 shares of the company’s stock valued at $173,000 after purchasing an additional 2,000 shares during the period. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Donnelley Financial Solutions Stock Performance

NYSE:DFIN opened at $47.90 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a 50-day moving average of $47.15 and a two-hundred day moving average of $45.72. The stock has a market cap of $1.18 billion, a P/E ratio of 33.03 and a beta of 0.71. Donnelley Financial Solutions has a 1-year low of $36.11 and a 1-year high of $57.37.

Donnelley Financial Solutions (NYSE:DFIN) last announced its earnings results on Thursday, July 30th. The company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. Donnelley Financial Solutions had a return on equity of 25.82% and a net margin of 4.53%.The business had revenue of $224.20 million for the quarter, compared to analyst estimates of $221.40 million. During the same period in the previous year, the company earned $1.49 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, research analysts expect that Donnelley Financial Solutions will post 4.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

DFIN has been the subject of several analyst reports. Wall Street Zen downgraded Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 27th. DA Davidson dropped their target price on 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 lowered Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Needham & Company LLC upped their price target on Donnelley Financial Solutions from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research report on Friday, June 12th. One 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. Based on data from MarketBeat, the stock currently has an average 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.