American Century Companies Inc. Raises Position in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

American Century Companies Inc. lifted its stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 15.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,152,756 shares of the company’s stock after purchasing an additional 152,867 shares during the period. American Century Companies Inc. owned approximately 3.93% of Donnelley Financial Solutions worth $68,727,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. CWM LLC lifted its stake in shares of Donnelley Financial Solutions by 72.3% in the second quarter. CWM LLC now owns 472 shares of the company’s stock valued at $28,000 after purchasing an additional 198 shares during the period. Louisiana State Employees Retirement System lifted its stake in shares of Donnelley Financial Solutions by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 12,500 shares of the company’s stock valued at $745,000 after purchasing an additional 200 shares during the period. SummerHaven Investment Management LLC lifted its stake in shares of Donnelley Financial Solutions by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 15,839 shares of the company’s stock valued at $944,000 after purchasing an additional 249 shares during the period. Texas Permanent School Fund Corp raised its position in Donnelley Financial Solutions by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 21,654 shares of the company’s stock worth $1,343,000 after acquiring an additional 286 shares during the last quarter. Finally, ProShare Advisors LLC raised its position in Donnelley Financial Solutions by 7.4% during the first quarter. ProShare Advisors LLC now owns 4,989 shares of the company’s stock worth $309,000 after acquiring an additional 345 shares during the last quarter. Institutional investors and hedge funds own 93.84% of the company’s stock.

Donnelley Financial Solutions Stock Performance

Shares of NYSE DFIN opened at $69.03 on Monday. The company has a market cap of $2.00 billion, a PE ratio of 21.05 and a beta of 1.36. Donnelley Financial Solutions, Inc. has a 12 month low of $49.01 and a 12 month high of $71.01. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.45 and a quick ratio of 1.45. The company has a 50-day simple moving average of $64.86 and a 200-day simple moving average of $62.59.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.08. The business had revenue of $242.70 million during the quarter, compared to the consensus estimate of $247.70 million. Donnelley Financial Solutions had a net margin of 13.22% and a return on equity of 25.45%. On average, equities analysts anticipate that Donnelley Financial Solutions, Inc. will post 3.02 earnings per share for the current year.

Insider Transactions at Donnelley Financial Solutions

In other news, insider Craig Clay sold 13,231 shares of Donnelley Financial Solutions stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $66.33, for a total transaction of $877,612.23. Following the completion of the sale, the insider now directly owns 134,965 shares in the company, valued at $8,952,228.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Eric J. Johnson sold 8,823 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $62.77, for a total value of $553,819.71. Following the completion of the sale, the insider now directly owns 124,186 shares in the company, valued at $7,795,155.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Craig Clay sold 13,231 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $66.33, for a total transaction of $877,612.23. Following the completion of the sale, the insider now owns 134,965 shares of the company’s stock, valued at $8,952,228.45. The disclosure for this sale can be found here. Insiders sold a total of 22,454 shares of company stock worth $1,457,872 over the last ninety days. 11.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. DA Davidson lifted their target price on shares of Donnelley Financial Solutions from $72.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Needham & Company LLC lifted their target price on shares of Donnelley Financial Solutions from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st.

Donnelley Financial Solutions Profile

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).