HighTower Advisors LLC reduced its stake in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN – Free Report) by 45.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,728 shares of the company’s stock after selling 6,398 shares during the quarter. HighTower Advisors LLC’s holdings in Donnelley Financial Solutions were worth $485,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of DFIN. Principal Securities Inc. grew its stake in Donnelley Financial Solutions by 1,537.1% in the fourth quarter. Principal Securities Inc. now owns 1,015 shares of the company’s stock valued at $64,000 after acquiring an additional 953 shares during the period. Smartleaf Asset Management LLC increased its stake in Donnelley Financial Solutions by 584.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,156 shares of the company’s stock worth $73,000 after purchasing an additional 987 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in Donnelley Financial Solutions during the 3rd quarter worth approximately $74,000. KBC Group NV raised its holdings in Donnelley Financial Solutions by 52.7% during the 4th quarter. KBC Group NV now owns 1,550 shares of the company’s stock worth $97,000 after buying an additional 535 shares during the period. Finally, Choreo LLC acquired a new position in shares of Donnelley Financial Solutions in the fourth quarter valued at approximately $265,000. 93.84% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on DFIN shares. DA Davidson lowered their target price on Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Needham & Company LLC reissued a “buy” rating and issued a $72.00 target price on shares of Donnelley Financial Solutions in a research report on Friday.
Check Out Our Latest Stock Report on Donnelley Financial Solutions
Insider Buying and Selling
In other Donnelley Financial Solutions news, CEO Daniel Leib sold 25,000 shares of the stock in a transaction dated 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gary G. Greenfield purchased 1,000 shares of the firm’s stock in a transaction dated 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 purchase, the director now owns 43,128 shares in the company, valued at approximately $2,108,527.92. The trade was a 2.37 % increase in their position. The disclosure for this purchase can be found here. 11.90% of the stock is currently owned by insiders.
Donnelley Financial Solutions Price Performance
Shares of NYSE DFIN opened at $43.83 on Monday. Donnelley Financial Solutions, Inc. has a twelve month low of $41.76 and a twelve month high of $71.01. The company has a market cap of $1.25 billion, a PE ratio of 14.32 and a beta of 1.44. The business’s 50 day moving average price is $54.95 and its two-hundred day moving average price is $60.05. The company has a quick ratio of 1.15, a current ratio of 1.04 and a debt-to-equity ratio of 0.29.
Donnelley Financial Solutions (NYSE:DFIN – Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.22). Donnelley Financial Solutions had a net margin of 11.82% and a return on equity of 20.65%. The business had revenue of $156.30 million during the quarter, compared to the consensus estimate of $169.20 million.
Donnelley Financial Solutions Company Profile
(Free Report)
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).
See Also
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