Donnelley Financial Solutions, Inc. (NYSE:DFIN) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its stake in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 2.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,217 shares of the company’s stock after selling 303 shares during the period. State of Alaska Department of Revenue owned approximately 0.05% of Donnelley Financial Solutions worth $949,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Donnelley Financial Solutions by 0.6% during the 1st quarter. BlackRock Inc. now owns 4,873,137 shares of the company’s stock valued at $162,079,000 after acquiring an additional 31,138 shares during the period. Vanguard Group Inc. grew its position in shares of Donnelley Financial Solutions by 7.4% during the 1st quarter. Vanguard Group Inc. now owns 2,068,295 shares of the company’s stock valued at $68,791,000 after acquiring an additional 142,286 shares during the period. American Century Companies Inc. grew its position in shares of Donnelley Financial Solutions by 1.5% during the 3rd quarter. American Century Companies Inc. now owns 982,113 shares of the company’s stock valued at $55,273,000 after acquiring an additional 14,621 shares during the period. Wasatch Advisors Inc. grew its position in shares of Donnelley Financial Solutions by 11.4% during the 1st quarter. Wasatch Advisors Inc. now owns 761,383 shares of the company’s stock valued at $25,324,000 after acquiring an additional 77,993 shares during the period. Finally, Invesco Ltd. grew its position in shares of Donnelley Financial Solutions by 207.4% during the 3rd quarter. Invesco Ltd. now owns 753,883 shares of the company’s stock valued at $42,429,000 after acquiring an additional 508,638 shares during the period. 93.84% of the stock is owned by institutional investors and hedge funds.

Donnelley Financial Solutions Stock Up 0.8 %

Shares of DFIN opened at $61.34 on Wednesday. The stock has a 50 day moving average price of $62.71 and a 200 day moving average price of $59.62. Donnelley Financial Solutions, Inc. has a one year low of $40.71 and a one year high of $66.00. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 22.63 and a beta of 1.50.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.61 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.01). Donnelley Financial Solutions had a net margin of 10.31% and a return on equity of 22.89%. The firm had revenue of $176.50 million during the quarter, compared to analyst estimates of $169.35 million. During the same period in the prior year, the company posted $0.36 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities research analysts forecast that Donnelley Financial Solutions, Inc. will post 2.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on DFIN shares. DA Davidson raised their target price on Donnelley Financial Solutions from $54.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, January 12th. Needham & Company LLC raised their price target on shares of Donnelley Financial Solutions from $65.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st.

Insider Activity at Donnelley Financial Solutions

In related news, Director Luis A. Aguilar sold 3,047 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $63.84, for a total value of $194,520.48. Following the completion of the transaction, the director now directly owns 58,594 shares of the company’s stock, valued at approximately $3,740,640.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Luis A. Aguilar sold 3,047 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $63.84, for a total value of $194,520.48. Following the completion of the transaction, the director now directly owns 58,594 shares of the company’s stock, valued at approximately $3,740,640.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Daniel Leib sold 33,122 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $64.37, for a total value of $2,132,063.14. Following the completion of the sale, the chief executive officer now owns 524,352 shares of the company’s stock, valued at $33,752,538.24. The disclosure for this sale can be found here. 16.70% of the stock is owned by corporate insiders.

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).