Vestcor Inc Makes New Investment in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Vestcor Inc bought a new position in Donnelley Financial Solutions, Inc. (NYSE:DFIN) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,933 shares of the company’s stock, valued at approximately $121,000.

Several other large investors also recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. grew its position in Donnelley Financial Solutions by 22.3% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,395 shares of the company’s stock worth $1,279,000 after acquiring an additional 3,717 shares in the last quarter. Amundi lifted its stake in shares of Donnelley Financial Solutions by 175.5% in the fourth quarter. Amundi now owns 12,955 shares of the company’s stock worth $770,000 after buying an additional 8,253 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Donnelley Financial Solutions by 556.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 37,661 shares of the company’s stock worth $2,362,000 after buying an additional 31,926 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Donnelley Financial Solutions in the fourth quarter worth $10,373,000. Finally, Assetmark Inc. lifted its stake in shares of Donnelley Financial Solutions by 16.3% in the fourth quarter. Assetmark Inc. now owns 52,200 shares of the company’s stock worth $3,275,000 after buying an additional 7,327 shares during the last quarter. 93.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DFIN has been the subject of a number of analyst reports. DA Davidson reduced their price objective on shares of Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Needham & Company LLC reduced their price objective on shares of Donnelley Financial Solutions from $79.00 to $72.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th.

Donnelley Financial Solutions Price Performance

NYSE:DFIN opened at $44.55 on Wednesday. The stock has a market cap of $1.27 billion, a P/E ratio of 14.56 and a beta of 1.44. Donnelley Financial Solutions, Inc. has a one year low of $41.76 and a one year high of $71.01. The company has a fifty day moving average price of $57.41 and a 200 day moving average price of $61.18. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.04 and a quick ratio of 1.15.

Donnelley Financial Solutions (NYSE:DFIN) last released its earnings results on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.22). The company had revenue of $156.30 million for the quarter, compared to analyst estimates of $169.20 million. Donnelley Financial Solutions had a net margin of 11.82% and a return on equity of 20.65%.

Insider Activity at Donnelley Financial Solutions

In related news, CEO Daniel Leib sold 25,000 shares of the company’s 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 transaction, the chief executive officer now directly owns 515,191 shares in the company, valued at $25,831,676.74. This represents a 4.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gary G. Greenfield purchased 1,000 shares of the stock in a transaction on Friday, February 21st. The stock was acquired at an average cost of $48.89 per share, for a total transaction of $48,890.00. Following the acquisition, the director now directly owns 43,128 shares in the company, valued at approximately $2,108,527.92. This trade represents a 2.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 11.90% 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).