New York State Common Retirement Fund Buys 7,200 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

New York State Common Retirement Fund raised its stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 19.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,987 shares of the company’s stock after purchasing an additional 7,200 shares during the quarter. New York State Common Retirement Fund owned approximately 0.16% of Donnelley Financial Solutions worth $2,822,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd boosted its stake in shares of Donnelley Financial Solutions by 106.5% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 17,836 shares of the company’s stock worth $1,174,000 after acquiring an additional 9,197 shares during the period. Choreo LLC bought a new position in shares of Donnelley Financial Solutions during the 4th quarter worth approximately $265,000. World Investment Advisors LLC bought a new position in shares of Donnelley Financial Solutions during the 3rd quarter worth approximately $719,000. Harbor Capital Advisors Inc. bought a new position in shares of Donnelley Financial Solutions during the 4th quarter worth approximately $2,264,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Donnelley Financial Solutions by 11.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 454,284 shares of the company’s stock worth $29,906,000 after acquiring an additional 46,273 shares during the period. 93.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on DFIN shares. Needham & Company LLC reduced their target price on Donnelley Financial Solutions from $79.00 to $72.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. DA Davidson reduced their target price on 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. Finally, B. Riley reduced their target price 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.

Donnelley Financial Solutions Stock Performance

NYSE:DFIN opened at $49.59 on Friday. The stock has a market cap of $1.42 billion, a P/E ratio of 16.21 and a beta of 1.36. The stock has a 50 day simple moving average of $61.27 and a 200 day simple moving average of $62.91. The company has a current ratio of 1.04, a quick ratio of 1.15 and a debt-to-equity ratio of 0.29. Donnelley Financial Solutions, Inc. has a 1-year low of $47.94 and a 1-year high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN) last released 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). The firm had revenue of $156.30 million for the quarter, compared to analyst estimates of $169.20 million. Donnelley Financial Solutions had a return on equity of 20.65% and a net margin of 11.82%.

Insider Buying and Selling

In related news, Director Gary G. Greenfield acquired 1,000 shares of the company’s stock in a transaction on Friday, February 21st. The stock was purchased at an average cost of $48.89 per share, with a total value of $48,890.00. Following the acquisition, the director now directly owns 43,128 shares of the company’s stock, valued at approximately $2,108,527.92. The trade was a 2.37 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Daniel Leib sold 25,000 shares of Donnelley Financial Solutions stock in a transaction on Monday, February 24th. The shares were sold at an average price of $50.14, for a total value of $1,253,500.00. Following the completion of the transaction, the chief executive officer now directly owns 515,191 shares of the company’s stock, valued at $25,831,676.74. This represents a 4.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by insiders.

Donnelley Financial Solutions Company 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).