Blue Trust Inc. Trims Stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Blue Trust Inc. cut its position in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 28.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 647 shares of the company’s stock after selling 255 shares during the quarter. Blue Trust Inc.’s holdings in Donnelley Financial Solutions were worth $41,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in DFIN. New York State Teachers Retirement System increased its holdings in shares of Donnelley Financial Solutions by 0.4% in the 4th quarter. New York State Teachers Retirement System now owns 52,025 shares of the company’s stock valued at $3,264,000 after acquiring an additional 182 shares during the period. Legato Capital Management LLC grew its position in Donnelley Financial Solutions by 17.3% during the 4th quarter. Legato Capital Management LLC now owns 20,030 shares of the company’s stock worth $1,256,000 after purchasing an additional 2,950 shares during the last quarter. Choreo LLC acquired a new position in Donnelley Financial Solutions in the fourth quarter valued at $265,000. KBC Group NV raised its holdings 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 valued at $97,000 after buying an additional 535 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Donnelley Financial Solutions by 3.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 16,287 shares of the company’s stock worth $1,022,000 after buying an additional 554 shares during the period. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Donnelley Financial Solutions Trading Up 0.9 %

NYSE DFIN opened at $50.39 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.04 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $1.44 billion, a P/E ratio of 16.47 and a beta of 1.36. Donnelley Financial Solutions, Inc. has a 52-week low of $47.94 and a 52-week high of $71.01. The firm has a 50-day moving average price of $61.75 and a 200 day moving average price of $63.11.

Donnelley Financial Solutions (NYSE:DFIN) last issued its earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.22). Donnelley Financial Solutions had a return on equity of 20.65% and a net margin of 11.82%. The business had revenue of $156.30 million for the quarter, compared to analysts’ expectations of $169.20 million.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DFIN. Needham & Company LLC dropped their price target on Donnelley Financial Solutions from $79.00 to $72.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. DA Davidson dropped their target price on Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Finally, B. Riley cut their price target on 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 news, CFO David A. Gardella sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $62.68, for a total transaction of $188,040.00. Following the sale, the chief financial officer now owns 197,406 shares of the company’s stock, valued at $12,373,408.08. The trade was a 1.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary G. Greenfield purchased 1,000 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was purchased at an average price of $48.89 per share, for a total transaction of $48,890.00. Following the acquisition, the director now owns 43,128 shares in the company, valued at approximately $2,108,527.92. This trade represents a 2.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.90% of the stock is currently owned by company insiders.

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).