Mawer Investment Management Ltd. lessened its stake in shares of Donnelley Financial Solutions (NYSE:DFIN – Free Report) by 19.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,074,386 shares of the company’s stock after selling 258,389 shares during the quarter. Mawer Investment Management Ltd.’s holdings in Donnelley Financial Solutions were worth $66,236,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. boosted its position in shares of Donnelley Financial Solutions by 77.8% in the second quarter. Harbor Capital Advisors Inc. now owns 108,891 shares of the company’s stock worth $6,713,000 after acquiring an additional 47,632 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Donnelley Financial Solutions by 6.4% during the first quarter. Envestnet Asset Management Inc. now owns 172,622 shares of the company’s stock worth $7,545,000 after purchasing an additional 10,375 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Donnelley Financial Solutions by 43.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 176,885 shares of the company’s stock worth $10,937,000 after purchasing an additional 53,598 shares during the period. Northern Trust Corp boosted its holdings in shares of Donnelley Financial Solutions by 7.7% in the 1st quarter. Northern Trust Corp now owns 587,158 shares of the company’s stock valued at $25,665,000 after purchasing an additional 41,955 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its holdings in shares of Donnelley Financial Solutions by 4.9% in the 2nd quarter. William Blair Investment Management LLC now owns 410,773 shares of the company’s stock valued at $25,324,000 after purchasing an additional 19,261 shares during the last quarter. 93.84% of the stock is currently owned by hedge funds and other institutional investors.
Donnelley Financial Solutions Stock Up 2.9%
DFIN stock opened at $47.06 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The firm has a 50 day simple moving average of $51.86 and a 200-day simple moving average of $55.23. The company has a market capitalization of $1.25 billion, a P/E ratio of 44.82 and a beta of 1.04. Donnelley Financial Solutions has a twelve month low of $37.80 and a twelve month high of $69.93.
Insider Activity at Donnelley Financial Solutions
In related news, Director Luis A. Aguilar sold 7,421 shares of Donnelley Financial Solutions stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $56.71, for a total value of $420,844.91. Following the completion of the transaction, the director directly owned 53,343 shares in the company, valued at approximately $3,025,081.53. This trade represents a 12.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 11.90% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the company. DA Davidson set a $70.00 target price on Donnelley Financial Solutions in a research report on Friday, October 24th. Weiss Ratings restated a “hold (c)” rating on shares of Donnelley Financial Solutions in a research note on Wednesday, October 8th. Wall Street Zen upgraded Donnelley Financial Solutions from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Finally, Needham & Company LLC decreased their target price on Donnelley Financial Solutions from $72.00 to $57.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $63.50.
Read Our Latest Stock Analysis on DFIN
Donnelley Financial Solutions Company 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).
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