Donnelley Financial Solutions, Inc. (NYSE:DFIN) Stock Holdings Cut by Simcoe Capital Management LLC

Simcoe Capital Management LLC lowered its position in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 23.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 774,165 shares of the company’s stock after selling 234,041 shares during the period. Donnelley Financial Solutions comprises about 7.1% of Simcoe Capital Management LLC’s portfolio, making the stock its 6th largest position. Simcoe Capital Management LLC owned about 2.68% of Donnelley Financial Solutions worth $48,563,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its stake in Donnelley Financial Solutions by 7.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 595,344 shares of the company’s stock valued at $37,347,000 after acquiring an additional 39,980 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Donnelley Financial Solutions by 17.2% in the 4th quarter. Northern Trust Corp now owns 545,203 shares of the company’s stock worth $34,201,000 after purchasing an additional 79,848 shares during the period. Frontier Capital Management Co. LLC purchased a new position in Donnelley Financial Solutions in the fourth quarter valued at approximately $26,329,000. William Blair Investment Management LLC increased its holdings in Donnelley Financial Solutions by 16.7% in the 4th quarter. William Blair Investment Management LLC now owns 375,729 shares of the company’s stock worth $23,569,000 after acquiring an additional 53,665 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Donnelley Financial Solutions by 6.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 373,607 shares of the company’s stock valued at $23,436,000 after purchasing an additional 22,195 shares during the period. 93.84% of the stock is owned by institutional investors.

Donnelley Financial Solutions Price Performance

NYSE:DFIN opened at $55.30 on Friday. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 18.07 and a beta of 1.04. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.15 and a current ratio of 1.04. The stock has a fifty day moving average of $45.37 and a 200 day moving average of $55.06. Donnelley Financial Solutions, Inc. has a 52-week low of $37.80 and a 52-week high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.54. Donnelley Financial Solutions had a net margin of 11.82% and a return on equity of 20.65%. The company had revenue of $201.10 million during the quarter, compared to the consensus estimate of $194.47 million. During the same period in the previous year, the firm posted $0.91 EPS. The firm’s revenue was down 1.1% compared to the same quarter last year.

Analysts Set New Price Targets

DFIN has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $72.00 price objective on shares of Donnelley Financial Solutions in a research note on Thursday, May 1st. DA Davidson reaffirmed a “buy” rating and set a $72.00 price objective on shares of Donnelley Financial Solutions in a research note on Monday, April 14th.

Insider Buying and Selling at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, Director Gary G. Greenfield acquired 1,000 shares of the company’s stock in a transaction on Friday, February 21st. The stock was acquired at an average price of $48.89 per share, for a total transaction of $48,890.00. Following the acquisition, the director now owns 43,128 shares in the company, valued at $2,108,527.92. This represents a 2.37% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Daniel Leib sold 25,000 shares of Donnelley Financial Solutions stock in a transaction on Monday, February 24th. The shares were 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 in the company, valued at approximately $25,831,676.74. This trade represents a 4.63% decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.30% of the company’s stock.

About Donnelley Financial Solutions

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).