Rhumbline Advisers Has $4.42 Million Position in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Rhumbline Advisers raised its position in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 2.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,079 shares of the company’s stock after buying an additional 1,762 shares during the quarter. Rhumbline Advisers owned 0.25% of Donnelley Financial Solutions worth $4,417,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. nVerses Capital LLC acquired a new stake in shares of Donnelley Financial Solutions during the 2nd quarter worth $48,000. Crossmark Global Holdings Inc. grew its position in Donnelley Financial Solutions by 18.1% in the second quarter. Crossmark Global Holdings Inc. now owns 7,166 shares of the company’s stock valued at $427,000 after acquiring an additional 1,099 shares during the last quarter. Burney Co. raised its stake in Donnelley Financial Solutions by 193.3% during the second quarter. Burney Co. now owns 178,524 shares of the company’s stock worth $10,644,000 after acquiring an additional 117,662 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Donnelley Financial Solutions by 1.6% in the 2nd 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 in the last quarter. Finally, SummerHaven Investment Management LLC boosted its position in 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 buying an additional 249 shares in the last quarter. 93.84% of the stock is owned by institutional investors.

Donnelley Financial Solutions Price Performance

Donnelley Financial Solutions stock opened at $69.48 on Tuesday. The stock’s 50 day moving average is $65.07 and its 200 day moving average is $62.62. Donnelley Financial Solutions, Inc. has a one year low of $50.75 and a one year high of $71.01. The firm has a market cap of $2.02 billion, a P/E ratio of 21.18 and a beta of 1.36. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.45 and a quick ratio of 1.45.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DFIN shares. DA Davidson raised their price objective on Donnelley Financial Solutions from $72.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Needham & Company LLC lifted their price target on Donnelley Financial Solutions from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Thursday, August 1st.

Insider Buying and Selling

In other Donnelley Financial Solutions news, insider Eric J. Johnson sold 8,823 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $62.77, for a total value of $553,819.71. Following the transaction, the insider now owns 124,186 shares in the company, valued at $7,795,155.22. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Craig Clay sold 400 shares of the stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $66.10, for a total transaction of $26,440.00. Following the completion of the transaction, the insider now owns 148,348 shares in the company, valued at $9,805,802.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Eric J. Johnson sold 8,823 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $62.77, for a total transaction of $553,819.71. Following the completion of the transaction, the insider now owns 124,186 shares in the company, valued at $7,795,155.22. The disclosure for this sale can be found here. Insiders sold 22,454 shares of company stock valued at $1,457,872 over the last 90 days. Company 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).