Man Group plc Makes New $2.04 Million Investment in Donnelley Financial Solutions $DFIN

Man Group plc bought a new position in Donnelley Financial Solutions (NYSE:DFIN) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 48,585 shares of the company’s stock, valued at approximately $2,038,000. Man Group plc owned approximately 0.20% of Donnelley Financial Solutions as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Jupiter Topco LLC purchased a new stake in shares of Donnelley Financial Solutions during the 2nd quarter valued at approximately $537,000. Canada Pension Plan Investment Board purchased a new position in Donnelley Financial Solutions in the 2nd quarter valued at approximately $822,000. Legal & General Group Plc purchased a new position in Donnelley Financial Solutions in the 2nd quarter valued at approximately $2,340,000. The Manufacturers Life Insurance Company bought a new stake in Donnelley Financial Solutions during the 2nd quarter valued at $445,000. Finally, Algert Global LLC raised its holdings in Donnelley Financial Solutions by 90.9% during the 2nd quarter. Algert Global LLC now owns 529,983 shares of the company’s stock valued at $22,233,000 after acquiring an additional 252,383 shares during the period. Institutional investors own 93.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DFIN. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Donnelley Financial Solutions in a report on Friday, June 12th. Wall Street Zen lowered Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 27th. DA Davidson dropped their price objective 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. Needham & Company LLC raised their target price on Donnelley Financial Solutions from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Zacks Research lowered Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.00.

Donnelley Financial Solutions Stock Down 0.8%

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

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

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.