Yousif Capital Management LLC trimmed its holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN – Free Report) by 2.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 10,049 shares of the company’s stock after selling 205 shares during the quarter. Yousif Capital Management LLC’s holdings in Donnelley Financial Solutions were worth $630,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the business. Farther Finance Advisors LLC increased its stake in shares of Donnelley Financial Solutions by 781.5% in the third quarter. Farther Finance Advisors LLC now owns 476 shares of the company’s stock worth $31,000 after buying an additional 422 shares during the period. Point72 DIFC Ltd purchased a new position in shares of Donnelley Financial Solutions in the third quarter worth $74,000. KBC Group NV increased its stake in shares of Donnelley Financial Solutions by 52.7% in the fourth 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. Atria Investments Inc purchased a new position in shares of Donnelley Financial Solutions in the third quarter worth $225,000. Finally, Aigen Investment Management LP purchased a new position in shares of Donnelley Financial Solutions in the third quarter worth $248,000. 93.84% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $79.00 target price on shares of Donnelley Financial Solutions in a research note on Wednesday, January 15th. B. Riley reduced their price objective on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th.
Donnelley Financial Solutions Stock Down 1.1 %
Shares of Donnelley Financial Solutions stock opened at $65.78 on Monday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.28. The company’s fifty day simple moving average is $63.31 and its two-hundred day simple moving average is $63.72. The company has a market cap of $1.90 billion, a P/E ratio of 20.56 and a beta of 1.36. Donnelley Financial Solutions, Inc. has a 12-month low of $56.02 and a 12-month high of $71.01.
Insider Buying and Selling at Donnelley Financial Solutions
In other news, CFO David A. Gardella sold 3,000 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $62.68, for a total value of $188,040.00. Following the sale, the chief financial officer now directly owns 197,406 shares of the company’s stock, valued at $12,373,408.08. This represents a 1.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 11.90% of the company’s stock.
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).
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