Donnelley Financial Solutions, Inc. (NYSE:DFIN) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lessened its stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 102,123 shares of the company’s stock after selling 4,346 shares during the quarter. Fisher Asset Management LLC owned about 0.35% of Donnelley Financial Solutions worth $6,369,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Swiss National Bank grew its position in Donnelley Financial Solutions by 1.1% in the third quarter. Swiss National Bank now owns 55,000 shares of the company’s stock worth $3,095,000 after acquiring an additional 600 shares during the period. Charles Schwab Investment Management Inc. grew its position in Donnelley Financial Solutions by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 326,729 shares of the company’s stock worth $18,388,000 after acquiring an additional 12,831 shares during the period. Deutsche Bank AG grew its position in Donnelley Financial Solutions by 12.6% in the third quarter. Deutsche Bank AG now owns 12,918 shares of the company’s stock worth $727,000 after acquiring an additional 1,449 shares during the period. Envestnet Asset Management Inc. grew its position in Donnelley Financial Solutions by 445.4% in the third quarter. Envestnet Asset Management Inc. now owns 138,316 shares of the company’s stock worth $7,784,000 after acquiring an additional 112,954 shares during the period. Finally, Invesco Ltd. grew its position in Donnelley Financial Solutions by 207.4% in the third quarter. Invesco Ltd. now owns 753,883 shares of the company’s stock worth $42,429,000 after acquiring an additional 508,638 shares during the period. Institutional investors and hedge funds own 93.84% of the company’s stock.

Insider Activity at Donnelley Financial Solutions

In related news, insider Craig Clay sold 5,698 shares of Donnelley Financial Solutions stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $66.02, for a total value of $376,181.96. Following the completion of the transaction, the insider now directly owns 148,748 shares in the company, valued at $9,820,342.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Craig Clay sold 5,698 shares of Donnelley Financial Solutions stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $66.02, for a total value of $376,181.96. Following the completion of the transaction, the insider now directly owns 148,748 shares in the company, valued at $9,820,342.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Eric J. Johnson sold 16,757 shares of Donnelley Financial Solutions stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $58.34, for a total value of $977,603.38. Following the completion of the transaction, the insider now owns 138,338 shares of the company’s stock, valued at $8,070,638.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 570,899 shares of company stock worth $35,323,127. Company insiders own 11.90% of the company’s stock.

Donnelley Financial Solutions Trading Up 1.0 %

DFIN opened at $58.14 on Thursday. Donnelley Financial Solutions, Inc. has a 52 week low of $41.98 and a 52 week high of $66.21. The business has a fifty day simple moving average of $61.34 and a 200-day simple moving average of $61.84. The firm has a market cap of $1.70 billion, a P/E ratio of 17.73 and a beta of 1.41. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.50.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.64 by $0.25. The business had revenue of $203.40 million during the quarter, compared to analyst estimates of $214.10 million. Donnelley Financial Solutions had a return on equity of 24.68% and a net margin of 12.43%. On average, equities analysts expect that Donnelley Financial Solutions, Inc. will post 3.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. DA Davidson upgraded Donnelley Financial Solutions from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $60.00 to $72.00 in a research report on Friday, April 12th. B. Riley increased their price objective on Donnelley Financial Solutions from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Finally, Needham & Company LLC restated a “buy” rating and set a $72.00 price target on shares of Donnelley Financial Solutions in a research report on Wednesday, May 1st.

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).