Donnelley Financial Solutions, Inc. (NYSE:DFIN) Holdings Raised by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC increased its position in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 584.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,156 shares of the company’s stock after purchasing an additional 987 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Donnelley Financial Solutions were worth $73,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in DFIN. Bridges Investment Management Inc. lifted its holdings in Donnelley Financial Solutions by 40.6% in the fourth quarter. Bridges Investment Management Inc. now owns 8,478 shares of the company’s stock worth $532,000 after acquiring an additional 2,449 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Donnelley Financial Solutions by 24.5% in the 4th quarter. Fisher Asset Management LLC now owns 103,793 shares of the company’s stock worth $6,511,000 after purchasing an additional 20,418 shares during the last quarter. Illinois Municipal Retirement Fund boosted its position in Donnelley Financial Solutions by 6.7% during the 4th quarter. Illinois Municipal Retirement Fund now owns 14,017 shares of the company’s stock valued at $879,000 after purchasing an additional 879 shares during the period. Bank of New York Mellon Corp boosted its position in Donnelley Financial Solutions by 0.8% during the 4th quarter. Bank of New York Mellon Corp now owns 175,782 shares of the company’s stock valued at $11,027,000 after purchasing an additional 1,350 shares during the period. Finally, New York State Common Retirement Fund grew its stake in Donnelley Financial Solutions by 19.1% during the 4th quarter. New York State Common Retirement Fund now owns 44,987 shares of the company’s stock worth $2,822,000 after buying an additional 7,200 shares during the last quarter. Institutional investors and hedge funds own 93.84% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. DA Davidson reduced their price target on shares of Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Needham & Company LLC cut their price objective on shares of 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.

Donnelley Financial Solutions Stock Up 3.0 %

DFIN opened at $47.30 on Monday. Donnelley Financial Solutions, Inc. has a 12 month low of $45.09 and a 12 month high of $71.01. The stock has a market cap of $1.35 billion, a P/E ratio of 15.46 and a beta of 1.44. The stock’s 50 day moving average price is $59.75 and its 200 day moving average price is $62.28. 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 posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 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 firm had revenue of $156.30 million during the quarter, compared to the consensus estimate of $169.20 million.

Insider Buying and Selling at Donnelley Financial Solutions

In related news, CEO Daniel Leib sold 25,000 shares of the firm’s stock in a transaction that occurred 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 owns 515,191 shares of the company’s stock, valued at approximately $25,831,676.74. This trade represents a 4.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gary G. Greenfield purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average cost of $48.89 per share, for a total transaction of $48,890.00. Following the completion of the transaction, the director now directly owns 43,128 shares of the company’s stock, valued at $2,108,527.92. This trade represents a 2.37 % increase in their position. The disclosure for this purchase can be found here. 11.90% of the stock is owned by corporate insiders.

About Donnelley Financial Solutions

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).