Raymond James Financial Inc. Invests $10.37 Million in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Raymond James Financial Inc. bought a new stake in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 165,360 shares of the company’s stock, valued at approximately $10,373,000. Raymond James Financial Inc. owned 0.57% of Donnelley Financial Solutions at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DFIN. Inspire Investing LLC grew 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 valued at $402,000 after acquiring an additional 177 shares during the period. New York State Teachers Retirement System lifted its position in 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 valued at $3,264,000 after purchasing an additional 182 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in Donnelley Financial Solutions by 1.4% during the third 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 position in Donnelley Financial Solutions by 3.1% in the third quarter. Empowered Funds LLC now owns 10,768 shares of the company’s stock worth $709,000 after buying an additional 320 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its position in Donnelley Financial Solutions by 3.6% in the fourth quarter. Sanctuary Advisors LLC now owns 11,214 shares of the company’s stock worth $752,000 after buying an additional 387 shares in the last quarter. 93.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Needham & Company LLC cut their price objective 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 lowered their price target on shares of Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, February 20th.

Donnelley Financial Solutions Price Performance

NYSE:DFIN opened at $44.54 on Friday. The business’s 50-day simple moving average is $56.83 and its two-hundred day simple moving average is $60.95. Donnelley Financial Solutions, Inc. has a 52 week low of $41.76 and a 52 week high of $71.01. The stock has a market cap of $1.27 billion, a PE ratio of 14.56 and a beta of 1.44. The company has a quick ratio of 1.15, a current ratio of 1.04 and a debt-to-equity ratio of 0.29.

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 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 business had revenue of $156.30 million for the quarter, compared to the consensus estimate of $169.20 million.

Insider Transactions at Donnelley Financial Solutions

In other news, Director Gary G. Greenfield acquired 1,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 43,128 shares in the company, valued at approximately $2,108,527.92. This trade represents a 2.37 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Daniel Leib sold 25,000 shares of Donnelley Financial Solutions stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $50.14, for a total value of $1,253,500.00. Following the completion of the sale, the chief executive officer now directly owns 515,191 shares in the company, valued at $25,831,676.74. This trade represents a 4.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.

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).