Allspring Global Investments Holdings LLC Sells 10,253 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Allspring Global Investments Holdings LLC lessened its stake in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 6.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,337 shares of the company’s stock after selling 10,253 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.52% of Donnelley Financial Solutions worth $9,068,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Choreo LLC bought a new position in Donnelley Financial Solutions in the 4th quarter valued at about $265,000. KBC Group NV lifted its position in Donnelley Financial Solutions by 52.7% in the 4th quarter. KBC Group NV now owns 1,550 shares of the company’s stock valued at $97,000 after acquiring an additional 535 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in Donnelley Financial Solutions by 3.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 16,287 shares of the company’s stock valued at $1,022,000 after acquiring an additional 554 shares in the last quarter. Inspire Investing LLC lifted its position in shares of Donnelley Financial Solutions by 2.8% during the 4th quarter. Inspire Investing LLC now owns 6,413 shares of the company’s stock worth $402,000 after buying an additional 177 shares in the last quarter. Finally, O Keefe Stevens Advisory Inc. increased its stake in shares of Donnelley Financial Solutions by 1.4% during the 4th quarter. O Keefe Stevens Advisory Inc. now owns 223,296 shares of the company’s stock worth $14,007,000 after purchasing an additional 2,978 shares during the last quarter. Institutional investors own 93.84% of the company’s stock.

Donnelley Financial Solutions Stock Performance

NYSE DFIN opened at $51.02 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market capitalization of $1.47 billion, a P/E ratio of 15.95 and a beta of 1.36. The company has a fifty day moving average of $63.40 and a 200-day moving average of $63.73. Donnelley Financial Solutions, Inc. has a 52-week low of $48.38 and a 52-week high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.22). Donnelley Financial Solutions had a return on equity of 22.70% and a net margin of 12.06%.

Analyst Ratings Changes

DFIN has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $79.00 price objective 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 for the company in a research note on Tuesday, November 5th.

Insiders Place Their Bets

In other Donnelley Financial Solutions 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 owns 197,406 shares in the company, valued at approximately $12,373,408.08. This represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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).