Rhumbline Advisers Has $4.67 Million Stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Rhumbline Advisers increased its holdings in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,486 shares of the company’s stock after acquiring an additional 1,458 shares during the period. Rhumbline Advisers owned about 0.26% of Donnelley Financial Solutions worth $4,672,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Inspire Investing LLC raised its holdings in Donnelley Financial Solutions by 2.8% in the fourth quarter. Inspire Investing LLC now owns 6,413 shares of the company’s stock worth $402,000 after purchasing an additional 177 shares during the period. New York State Teachers Retirement System raised its position in shares of Donnelley Financial Solutions by 0.4% during the fourth quarter. New York State Teachers Retirement System now owns 52,025 shares of the company’s stock worth $3,264,000 after purchasing an additional 182 shares during the period. Thrivent Financial for Lutherans grew its position in shares of Donnelley Financial Solutions by 1.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 20,975 shares of the company’s stock valued at $1,381,000 after purchasing an additional 289 shares during the period. Empowered Funds LLC increased its stake in Donnelley Financial Solutions by 3.1% during the 3rd quarter. Empowered Funds LLC now owns 10,768 shares of the company’s stock worth $709,000 after purchasing an additional 320 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in Donnelley Financial Solutions by 3.2% during the 3rd quarter. Louisiana State Employees Retirement System now owns 12,900 shares of the company’s stock worth $849,000 after purchasing an additional 400 shares in the last quarter. 93.84% of the stock is owned by institutional investors and hedge funds.

Donnelley Financial Solutions Stock Performance

DFIN opened at $48.61 on Friday. Donnelley Financial Solutions, Inc. has a 1 year low of $47.94 and a 1 year high of $71.01. The business has a fifty day simple moving average of $61.75 and a 200 day simple moving average of $63.11. The company has a market capitalization of $1.39 billion, a PE ratio of 15.89 and a beta of 1.36. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.04 and a quick ratio of 1.15.

Donnelley Financial Solutions (NYSE:DFIN) last announced its quarterly earnings data 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 net margin of 11.82% and a return on equity of 20.65%. The company had revenue of $156.30 million during the quarter, compared to analyst estimates of $169.20 million.

Analysts Set New Price Targets

Several equities research analysts have commented on DFIN shares. B. Riley cut their price target 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. Needham & Company LLC lowered 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. Finally, DA Davidson decreased their target price on shares of Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating for the company in a research note on Thursday, February 20th.

Insiders Place Their Bets

In other news, CEO Daniel Leib sold 25,000 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $50.14, for a total transaction of $1,253,500.00. Following the sale, the chief executive officer now directly owns 515,191 shares in the company, valued at approximately $25,831,676.74. The trade was a 4.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO David A. Gardella sold 3,000 shares of the 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 completion of the sale, the chief financial officer now directly owns 197,406 shares of the company’s stock, valued at approximately $12,373,408.08. The trade was a 1.50 % decrease in their position. The disclosure for this sale can be found here. 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).